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Superior Sales Plc is a manufacturing company which produces high quality fans for the export market. Details of four weeks production and the relevant input
Superior Sales Plc is a manufacturing company which produces high quality fans for the export market. Details of four weeks production and the relevant input resources are shown in the Table below:
Week | Output (Units) | Workers | Materials (kg) |
1 | 500 | 6 | 45 |
2 | 650 | 7 | 46 |
3 | 750 | 7 | 42 |
4 | 1,000 | 7 | 42 |
The company has a 40 hours work week and hourly wage rate is $12. Overhead is 1.2 times of total weekly labour costand material cost is $1.2 per kilogram. The standard price per fan is $1,200.
Required:
- Compute the labour productivity
- Compute the multifactor productivity
- Compute the productivity growth for week 2, 3 and 4
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