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The weekly output of a production procoss is shown below, together with data for labour and material inputs. The standard inventory value of the output
The weekly output of a production procoss is shown below, together with data for labour and material inputs. The standard inventory value of the output Is $125 per unit. Overhead is charged weekly at the rate of $1,500 plus 0.5 times direct labour cost. Assume a 40-hour week and an hourly wage of $16. Material cost is $10 per running foot. What is the weekly average multi-factor productivity for this process? (Hint: use $ as a common unit for both numerator and denominator)
Week | Output | # Workers | Material (ft) |
1 | 412 | 6 | 2840 |
2 | 364 | 5 | 2550 |
3 | 392 | 5 | 2720 |
4 | 408 | 6 | 2790 |
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