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The weekly output of a production process is as follows: OUTPUT: 412 UNITS, #WORKERS: 6, MATERIAL: 2840 POUNDS. The standard inventory value of the output
The weekly output of a production process is as follows: OUTPUT: 412 UNITS, #WORKERS: 6, MATERIAL: 2840 POUNDS. The standard inventory value of the output is $125 per unit. Overhead is charged weekly at the rate of ($1,500 + 1/2 times direct labor cost). Assume a 40-hour week and an hourly wage of $16. Material cost is $10 per pound. What is the multifactor productivity for THE FIRST WEEK ONLY?
1.463
1.451
1.444
1.431
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