Question: For a certain production unit, the operations manager collected the following information for the last quarter Labor hours used 1400 hours Number of units produced

For a certain production unit, the operations
For a certain production unit, the operations manager collected the following information for the last quarter Labor hours used 1400 hours Number of units produced 10,000 Price of the product $70 per unit Cost of materials used $4000 Overhead costs 2.75 times labor cost Cost of labor $60 per hour Use the above information to calculate labor productivity and multifactor productivity. (Marks 3) Suggest any two steps that could increase labor productivity (Mark 1)

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