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 hourly

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.) Week 1 2 3 Output (units) 25,000 30,000 35.000 45,000 Workers 4 5 7 12 Material (lbs) 400 450 550 650 Click here for the Excel Data File Answer is complete but not entirely correct. Week 1 2 3 MEP (Output / Total Cost) 2.63% 2 153 1.97 1.663 4

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