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Problem:

The details of weekly output and input for a fabrication process are as follows: output is 400 units, with a standard selling price of $100 per unit. For the week, total labor costs are: 10 workers at 40 hours for the week, paid $15 per hour. Total material costs for the 400 units are $5,000. Weekly overhead is charged at the rate of 1.5 times the labor costs.

Required:

What is the multifactor productivity for the week?

Explain the solution in detail.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91149176

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