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 chocolate

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) Week Output (units) Workers Material (lbs) 1 2,675 6 1250 2 2,750 7 1300 3 2,875 8 1350 4 3,000 9 1400 b) What do the productivity figures suggest? (What is the trend?) (2 point)

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