Compute Multifactor Productivity Measure Weeks Shown Production Chocolate Bars Assume 40 H Q34298627

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 2decimal places.)

WeekOutput (units)WorkersMaterial (lbs)137,0004400242,0005440323,0007430433,0007530WeekMFP (Output / Total Cost)1234

Expert Answer

Given that,

Total Hour available in one week = 40 hours

Wage Rate = $16 per hour

Overhead Cost = 1.5 * Wages rate

Material Cost = $9 per pound

Multifactor Productivity = Total Output/Total Input

Total Input = Wages + Overhead Cost + Material Cost

Multifactor Productivity for Week 1 = 37000/(4*16*40 +400*9 + 1.5*4*16*40) = 37000/10000 =