Question: The multifactor productivity ratio for week 3 is (Enter your response rounded to two decimal places.) The multifactor productivity ratio for week 4 is .(Enter
The multifactor productivity ratio for week 3 is (Enter your response rounded to two decimal places.)
The multifactor productivity ratio for week 4 is .(Enter your response rounded to two decimal places.)
At Symtecks, the output of a process is valued at $90 per unit. The cost of labor is $50 per hour including benefits. The accounting department provided the following information about the process for the past four weeks: Units Produced Labor ($) Material ($) Overheads ($) Week 1 Week 2 1,174 1,310 12,156 14,792 20,106 24,573 9,044 10,430 Week 3 1,088 10,653 20,492 8,686 Week 4 985 9,576 18,414 7,848 a. The multifactor productivity ratio for week 1 is 2.56. (Enter your response rounded to two decimal places.) The multifactor productivity ratio for week 2 is (Enter your response rounded to two decimal places.)Step by Step Solution
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