Question: Problem 2-3 (Static) 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 (Static)
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 $12. Overhead is 1.5 times weekly labor cost. Material cost is $6 per pound. (Round your answers to 2 decimal places.)
| Week | Output (units) | Workers | Material (lbs) |
| 1 | 30,000 | 6 | 450 |
| 2 | 33,600 | 7 | 470 |
| 3 | 32,200 | 7 | 460 |
| 4 | 35,400 | 8 | 480 |
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