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 $20. Overhead is 1.5 times weekly labor cost. Material cost is $6 per pound. (Round yanswers to 2 decimal place
Week Output (units) Workers Material (lbs)
1 30,000 6 420
2 34,000 8 530
3 33,000 7 500
4 35,000 9 510
Week MFP (Output / Total Cost)
1 ?
2 ?
3 ?
4 ?