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

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 Workers 7 output (units) 34,000 39,000 26,000 36,000 Material (lbs) 490 540 460 560 4 7 Click here for the Excel Data File Week MFP (Output / Total Cost) 1 2. 3 4

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