Chocolate bars
August 29th, 2022
Problem 2-3
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Compute the multifactor productivity measure for each of the weeks shown for production of chocolate bars. Assume 40-hour weeks and an hourly wage of $14. Overhead is 1.5 times weekly labor cost. Material cost is $9 per pound. (Round your answers to 2 decimal places.) |
| Week | Output (units) | Workers | Material (lbs) |
| 1 | 29,000 | 5 | 470 |
| 2 | 32,000 | 8 | 460 |
| 3 | 32,000 | 7 | 500 |
| 4 | 34,000 | 8 | 560 |
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| Week |
MFP (Output / Total Cost) |
| 1 | [removed] |
| 2 | [removed] |
| 3 | [removed] |
| 4 | [removed] |
