Question: PLEASE SHOW ALL WORK. Thank You. Problem 3) (12 points) a) Compute the multifactor productivity measure (output in sales dollars) for each week using the

PLEASE SHOW ALL WORK. Thank You.

PLEASE SHOW ALL WORK. Thank You. Problem 3) (12

Problem 3) (12 points) a) Compute the multifactor productivity measure (output in sales dollars) for each week using the data provided below to produce chocolate bars. Assume 45-hour weeks and an hourly wage of $16. Overhead is 1.5 times the total weekly labor cost. Material cost is $32 per pound. Standard price to sell is $125 per unit. (10 points) Week 1 2 3 4 Output (units) Workers Material (lbs) 2,675 6 1250 2,750 7 1300 2,850 8 1350 3,000 9 1400 b) What do the productivity figures suggest? (What is the trend?) (2 point)

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