Question: Problem 2-3 (Algo) Compute the multifactor productivity measure for each of the weeks shown for production of chocolate bars. Assume 40 hour weeks and an

Problem 2-3 (Algo) Compute the multifactor productivity measure for each of the weeks shown for production of chocolate bars. Assume 40 hour weeks and an hourly wage of $16. Overhead is 1.5 times weekly labor cost. Material cost is $9 per pound (Round your answers to 2 decimal places.) Output (units) Workers Material (lbs) 32,000 37,000 28,000 38,000 Week 1 N- 5 6 6 7 470 520 480 580 Click here for the Excel Data File Week MFP (Output/Total Cost) 1 2 3 4

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