Compute the multi factor productivity measureCompute the multi factor productivity measure

Feb 15, 2024

 

Compute the multi factor productivity measure for each of the weeks shown for production of chocolate bars. Assume 40-hour weeks and an hourly wage of $14. Overhead is 1.5 times weekly labor cost. Material cost is $6 per pound. (Round your answers to 2 decimal places.) Week Output (units) Workers Material (lbs) 1 29,000 4 480 2 33,000 8 530 3 32,000 7 490 4 34,000 8 520 Week MFP (Output / Total Cost) 1 2 3 4.

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