Compute the multifactor productivity measure for each of theweeks shown for production of chocolate bars. Assume 40-hour weeksand an hourly wage of $16. Overhead is 1.5 times weekly labor cost.Material cost is $9 per pound. (Round your answers to 2 decimalplaces.) Week Output (units) Workers Material (lbs) 1 30,000 5 4502 35,000 7 500 3 30,000 7 500 4 40,000 7 600 Week MFP (Output /Total Cost)
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Expert Answer
Wage per worker = 40×16 =640
WeekOutputWorkersLabour costOverheadMaterialMaterial costTotal cost130000532004800450405012050235000744806720500450015700330000744806720500450015700440000744806720600540016600
MFP = Total output / total cost
= 135000/60050 = 2.248