(Answered) Compute the multifactor productivity measure for each of

Finance

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 $12. Overhead is 1.5 times weekly labor cost. Material cost is $9 per pound.

Week Output (units) Workers Material (lbs)

1 30,000 4 450

2 34,000 7 470

3 31,000 8 550

4 36,000 9 560

Week MFP (Output / Total Cost)

1 _____

2 _____

3 _____

4 _____

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