A manufacturing company produces electronic gadgets using two inputs: labor and materials. In a given week, the
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Question:
A manufacturing company produces electronic gadgets using two inputs: labor and materials. In a given week, the company produced 6641 gadgets using 100 hours of labor and $5,000 worth of materials. Hourly labor cost is 23.4 per hour.
Calculate the multifactor productivity for this week using labor and materials as inputs.
Related Book For
Introduction to Management Accounting
ISBN: 978-0133058789
16th edition
Authors: Charles Horngren, Gary Sundem, Jeff Schatzberg, Dave Burgsta
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