Question: Problem 3) Munson Performance Auto, Inc., modifies 5600 autos per month. The manager, Adam Munson, is interested in obtaining a measure of overall performance. He

Problem 3)

Munson Performance Auto, Inc., modifies 5600 autos per month. The manager, Adam Munson, is interested in obtaining a measure of overall performance. He has asked you to provide him with a multifactor measure of last months performance as a benchmark for future comparison. You have assembled the following data. Resource inputs for last month were labor, 100 hours; and energy, 10,000 kilowatt-hours. Average labor cost last month was 100 cents per minute, and energy costs were $3 per kilowatt-hour. Determine the multifactor productivity?

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