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

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 4 Output (units) 31,000 36,000 29,000 39,000 Workers 4 5 7 7 Material (lbs) 460 510 490 590 Click here for the Excel Data File Week MFP (Output / Total Cost) 1 2 3 4 Week 1 Output (Units) 31000 36000 29000 39000 Workers 4 5 7 Materials (lbs) 460 510 490 590 AN 7

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