Discuss the below:
Q: 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 $7 per pound.
| Week |
Output (units) |
Workers |
Material (lbs) |
| 1 |
30,000 |
5 |
410 |
| 2 |
33,000 |
7 |
490 |
| 3 |
32,000 |
7 |
540 |
| 4 |
34,000 |
9 |
540 |