The details of weekly output and input for a fabrication process are as follows: output is 600
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Question:
The details of weekly output and input for a fabrication process are as follows: output is 600 units, with a standard selling price of $95 per unit. For the week, total labor costs are: 10 workers at 40 hours for the week, paid $15 per hour. The material cost is $25 per unit and weekly overhead is charged at the rate of 1.25 times the labor costs. What is the multifactor productivity for the week?
Select one:
a. 1.5
b. 2
c. 2.2
d. 1.8
Related Book For
Economics Principles and Policy
ISBN: 978-0538453653
12th edition
Authors: William J. Baumol, Alan S. Blinder
Posted Date: