Compute the multifactor productivity measure for each of the weeks
Compute the multifactor productivity measure for each of the weeks shown for production of chocolate bars. Assume 40-hour weeks and an hourly wage of $18. Overhead is 1.5 times weekly labor cost. Material cost is $8 per pound. (Round your answers to 2 decimal places.)
Week
MFP (Output / Total Cost)
1
2
3
4
Week Output (units) Workers Material (lbs)
1 29,000 4 450
2 33,000 8 540
3 32,000 8 540
4 35,000 8
560