Question: The information below shows the data from 1 month's operation of a restaurant. Note the labor data is drawn across all direct labor (i.e. wait
The information below shows the data from 1 month's operation of a restaurant. Note the labor data is drawn across all direct labor (i.e. wait staff, bus boys, cooks, etc.)
Customers Served 3500
Average price of meals served $24.50
Total labor hours 1000hours
Average cost of labor $13.75/hour
Total cost of food purchased $10,000
Overhead Allocation 2.5xlabor cost
1. What is the multi-factor productivity of labor, material & overhead using output in Dollars?
2. What is the multi-factor productivity of labor, material & overhead using # of customers served as output? (Round answer to 4 decimal places)
3. Stating output in dollars, what are the single factor productivity values for labor and material (i.e calculate the productivity measures for labor and material individually. Carry 2 decimal places in the answer.)
| Q1) | 3,500 * $24.50= | $85,750 | |
| 1,000*$13.75+3,500*10,000+2.50*1,000*$13.75= | |||
| 13,750+35,000,000+34,375= | $35,048,125 | ||
| $85,750/$35,048,125= | 0.00244664 | ||
| Q2) | 3,500/35,048,125= | 0.00009986 | |
These are my answers so far, can someone check me to see if I am wrong, I'm stuck.
Please show work so that I may figure out where I went wrong.
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