A product is made using 5 hours of labor, 4 units of material, and 241 dollars of energy. Labor cost is $30 an hour, and material cost is $40 per unit. The product is sold for $800. What is the total factor productivity in dollars per dollar of labor, material, and energy? (Provide two decimal places to the right of the decimal point)

Answer rating: 100% (QA)

First calculate the total cost of labor material and energy Total ... View the full answer