A specialty laboratory performs lab tests for the area hospitals. During its first two years of operation the following measurements were gathered: Measurement Price per test ($) Annual tests Total labor costs($) Material costs ($) Overhead ($) Year 1 50 10,000 150,000 8,000 12,000 Year 2 * 50 10,700 158,000 8,400 12,200 Determine and compare the multifactor productivity for historical benchmarking.

A specialty laboratory performs lab tests for the area hospitals. During its first two years of operation the following measurements were gathered: Determine and compare the multifactor productivity for historical benchmarking