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	Output (units)	Workers	Material (lbs)
1	27,000	7	410
2	32,000	8	460
3	30,000	8	500
4	34,000	7	520

Week	MFP (Output / Total Cost)
1
2
3
4

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