The weekly output of a production process is shown below, together with data for labor and material
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Question:
The weekly output of a production process is shown below, together with data for labor and material inputs. The standard inventory value of the output is $100 per unit. Overhead is charged weekly at the rate of $1,100 plus 1.25 times direct labor cost. Assume a 40-hour week and an hourly wage of $10. Material cost is $4 per running foot. What is the average multifactor productivity for this process for each week? (10 points)
Week | Output | Number of workers | Material (ft) |
1 | 440 | 7 | 2800 |
2 | 382 | 5 | 2400 |
3 | 415 | 5 | 2600 |
4 | 410 | 6 | 2500 |
Related Book For
Managerial economics applications strategy and tactics
ISBN: 978-1439079232
12th Edition
Authors: James r. mcguigan, R. Charles Moyer, frederick h. deb harris
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