OPER 3006 Term Assignment #1 Winter 2022 7 Questions Question 1: The output of a process is valued at $100 per unit. The cost of labor is $50 per hour including benefits. The accounting department provided the following information about the process for the past four weeks: Week 1 Week 2 Week 3 Week 4 Units produced 1,250 1325 1092 Labour ($) 15,465 16,399 10,603 9,526 Material ($) 19,854 21,342 20,442 18,364 Overhead (5) 7.936 8,107 8,736 7,848 981 a) Use the multifactor productivity ratio to see whether recent process improvements had any effect and, if so, when the effect was noticeable. b) Has labor productivity changed? Use the labor productivity ratio to support your answer (calculate labor productivity as unit per labour-hour)