Question: Need some help please Compute the multifactor productivity measure for an eight-hour day in which the total usable output was 2500 units, produced by four
Compute the multifactor productivity measure for an eight-hour day in which the total usable output was 2500 units, produced by four workers who used a total of 400 pounds of materials. Workers have an hourly wage of $25, and material cost is $1 per pound. Overhead is 1.6 times labor cost. Determine the multifactor productivity.(Output per $ of input)
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