Question: Problem 4 At Symtecks, the output of a process is valued at $100 per unit. The cost of labor is $55 per hour including benefits.

Problem 4 At Symtecks, the output of a process is

Problem 4 At Symtecks, the output of a process is valued at $100 per unit. The cost of labor is $55 per hour including benefits. The accounting department provided the following information about the process for the past four weeks: Week 2 Week 4 Units Produced Labor ($) Material ($) Overheads ($) Week 1 1,173 12,416 20,353 9,264 1,306 14,892 24,523 10,480 Week 3 1,088 10,603 20,392 8,736 977 9,576 18,314 7,798 a. The multifactor productivity ratio for week 1 is (Enter your response rounded to two decimal places.)

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