Question: Compute the multifactor productivity measure for each of the weeks shown for production of chocolate bars. What do the productivity figures suggest? Assume 40-hour weeks
Compute the multifactor productivity measure for each of the weeks shown for production of chocolate bars. What do the productivity figures suggest? Assume 40-hour weeks and an hourly wage of $ 12. Overhead is 1.5 times weekly labor cost. Material cost is $ 6 perpound.
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Week Output (units) WorkersMaterial (Ibs) 30,000 33,600 32,200 35,400 450 470 460 490
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