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

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 Nm Output (units) 33,000 38,000 27,000 37,000 Workers 6 7 5 7 Material (lbs) 480 530 470 570 Click here for the Excel Data File Week MFP (Output / Total Cost) 1 2 3 4

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