Problem $3$

This problem can be solved by writing it out on a sheet of paper and then submitting a picture of the work or by doing the work on a spreadsheet and turning in the file.

Jackson Auto, Inc., modifies $2500$ autos per year. The manager, Robert Jackson, is interested in obtaining a measure of overall performance. He has asked you to provide him with a multifactor measure of last year's performance as a benchmark for future comparison. You have assembled the following data. Resource inputs were: labor, $70,500$ hours; $2,500$ suspension and engine modification kils; and energy, $880,000$ kilowatt$-$hours. Average labor cost last year was $$33$ per hour, kits cost $$1,200$ each, and energy costs were $$5\mathrm{.}50$ per kilowatt$-$hour.