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 $14. Overhead is 1.5 times weekly labor cost. Material cost is $9 per pound.
| Week |
Output (units) |
Workers |
Material (lbs) |
| 1 |
29,000 |
5 |
470 |
| 2 |
32,000 |
8 |
460 |
| 3 |
32,000 |
7 |
500 |
| 4 |
34,000 |
8 |
560 |
| Week |
MFP (Output / Total Cost)
|
| 1 |
|
| 2 |
|
| 3 |
|
| 4 |
|