compute the multi factor productivity measure for each of the weeks
compute the multi factor productivity measure for each of the weeks
shown for production of chocolate bars. Assume 30 hour week and an hourly wage of $10 overhead is 1.5 weekly labor cost Material cost is $6 per LB round answer to 2 decimal place.
Week output (units) workers material (ib)
1 29,000 4 410
2 32,000 7 480
3 32,000 7 520
4 35,000 10 580
Week MFP (Output/ Total Costs
1
2
3
4