8 PROBLEM 1. The weekly output of a production process is shown below together with data for labor and material inputs. The standard value of the output is $14 per unit. Assume 40 hour-week and an hourly wage rate of $23. Material cost is $18 per unit. Overhead is charged according to one of the following equations. (a) Equation A: Overhead - $3000 plus 0.9 times the labor cost; i.e., Overhead - 3000 + 09*Labor Cost. (b) Equation B: Overhead = $7000 plus 0.3 times the material cost; i.e., Overhead 7000 +0.3 Material Cost (c) Equation C: Overhead - $2000 plus 0.4 times the total of labor and material costs, ie, Overhead - 2000 +0.4 Labor Cost + Material Cost). Weck Output Number of Material (units) (units) workers 1 4300 7 520 2 4900 570 Answer the following questions: (1) What is the Labor Productivity for week 1? (a) 12,563 (b) 15.357 (c) 18,932 (d) 19.428 (2) What is the Material productivity for week 2? (a) 5.349 (b) 14.713 (c) 11.384 (d) 8.596 (3) What is the Multi-factor productivity for week 1 using equation A? (a) 2.448 (b) 5.767 (c) 1.262 (d) 4.819 (4) What is the Multifactor productivity for week 1 using equation B? (a) 4.925 (b) 1.092 (c) 2.351 (d) 1.281 (5) What is Multifactor productivity for week 2 using equation C? (a) 5.829 (b) 2.572 (c) 4.219 (d) 1.026