Question: Please show work. The information below is taken from the annual operation of a production company. Units produced: 250,000 Standard price/Unit: $5,200 Labor input in
Please show work.
The information below is taken from the annual operation of a production company. Units produced: 250,000 Standard price/Unit: $5,200 Labor input in Hours: 375,000 Cost of labor/Hour: $22.50 Material input in feet: 750,000 Cost of materials/foot: $32.00 Cost of overhead: 1.25x labor cost 1. What is the multi-factor productivity value of labor & material stating output in Dollars? (carry 2 decimal places) 2. What is the multi-factor productivity value of just labor & material stating output in Units? (carry 4 decimal places) 3. Stated in dollars, what is the multi-factor productivity of Labor & Overhead? (carry 2 decimal places)
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