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.) Week 1 2 3 Output (units) 26,000 31,000 29,000 33,000 Workers 7 8 Material (lbs) 400 450 490 7 510 Click here for the Excel Data File Week MFP (Output / Total Cont) 1 2 3 4

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