Question: Cunningham Performance Auto, Inc., modifies 370 autos per year. The manager, Pete Cunningham, is interested in obtaining a measure of overall performance. He has asked
Cunningham Performance Auto, Inc., modifies 370 autos per year. The manager, Pete Cunningham, is interested in obtaining a measure of overall performance. He has asked you to provide him with a multifactor measure of last year's performance as a benchmark for future comparison. You have assembled the following data. Resource inputs were: Iabour, 11000 hours 550 suspension and modification kits; and energy, 200000Kwh. Average labour cost last year was 15/ hour, kits cost 1000 each, and energy costs were 4/kwh. What is the Multifactor productivity? (Round to 6 decimal places. If the answer is 0.0003754 put 0.000375) Autos per dollar of inputs
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