Question
Productivity enables a company to be competitive. Based on this principle, a manager of a manufacturing firm has recorded the workers output for the past
Productivity enables a company to be competitive. Based on this principle, a manager of a manufacturing firm has recorded the workers output for the past several weeks to determine his company's productivity level. Compute the multifactor productivity for each week. What can you conclude about the number of workers and productivity? Assume 40-hour weeks and an hourly wage of P60. Overhead is 1.5 times the weekly labour cost. Material cost is P300 per pound. Standard price is P700.
Week Output (units) Workers Materials (lbs)
1 300 6 45
2 338 7 46
3 332 7 46
4 354 8 48
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