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The weekly output of a fabrication process is shown below, together with data for labor and material inputs. Standard selling price is $125 per unit.
The weekly output of a fabrication process is shown below, together with data for labor and material inputs. Standard selling price is $125 per unit. Overhead is charged weekly at the rate of $1,500 plus .5 times direct labor cost. Assume a 40-hour week and an hourly wage of $16. Material cost is $10 per foot. What is the average multifactor productivity? Round your answer to two decimal places (X.XX). Week Output #Workers Material (ft) 1 392 5 2,720 408 N 6 2,790 O 95%
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