1 Problem 3 2 Number of B Workers Material Overhead Material Cost Cost Total Cost 4 Labor Cost 40hr $12 hr Week Output (lbs.) 1.5 $6 lb MFP 5 5 1 6 450 7 2 7 30,000 33,600 32,200 35,400 3 3 7 470 460 480 2 4 8 0 1 2 3 4 Labor Cost = Number of Workers x 40 hours x $12/hour Overhead Cost = Labor Cost x 1.50 Material Cost = Material (lbs.) x $6/lb. Total Cost = Labor Cost + Overhead Cost + Material Cost Multifactor Productivity (MFP) = Output / Total Cost (rounded to two decimas) 5 6 7 8 What do the productivity figures suggest