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 $14. Overhead is 1.5 times weekly labor cost. Material cost is $9 per pound. (Round yanswers to 2 decimal place
Week Output (units) Workers Material (lbs)
1 29,000 6 500
2 33,000 8 470
3 32,000 7 500
4 35,000 9 510
Week MFP (Output / Total Cost)
1 ?
2 ?
3 ?
4 ?