Question: Problem 3 ) (12 points) a) Compute the multifactor productivity measure (output in sales dollars) for each week using the data provided below to produce

Problem 3 ) (12 points) a) Compute the

Problem 3 ) (12 points) a) Compute the multifactor productivity measure (output in sales dollars) for each week using the data provided below to produce chocolate bars. Assume 40-hour weeks and an hourly wage of $18. Overhead is 1.25 times the total weekly labor cost. Material cost is $48 per pound. Standard price to sell is $150 per unit. (10 points) b) What do the productivity figures suggest? (What is the trend?) (2 point)

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