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Output (units) 30,000 The following data is for production of chocolate bars over a four-week period. Assume 40-hour weeks and an hourly wage of
Output (units) 30,000 The following data is for production of chocolate bars over a four-week period. Assume 40-hour weeks and an hourly wage of $12. Overhead is 1.5 times weekly labor cost. Material cost is $6 per pound. Week 1 Worker 6 Material (lbs) 450 2 33.600 7 470 3 32,200 7 460 4 35,400 8 480 3 Compute the multifactor productivity measure for each of the four weeks. b. What do the figures suggest? Compute the productivity growth from week 1 to week 4.
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