Question: workout out problem 3 3. Compute the multifactor productivity measure for each of the weeks shown for production of choc- olate bars. What do the

workout out problem 3

3. Compute the multifactor productivity measure for each of the weeks shown for production of choc- olate bars. What do the productivity figures suggest? Assume 40-hour weeks and an hourly wage of $12. Overhead is 1.5 times weekly labor cost. Material cost is $6 per pound. Week Output (units) Workers Material (lbs) 30,000 450 33,600 470 32,200 35,400 WN 460 480

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