Compute the multifactor productivity measure

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Reference no: EM13844254

Compute the multifactor productivity measure (output in sales dollars) for each week using the data provided below for the production of chocolate bars. Assume 45-hour weeks and an hourly wage of $14. Overhead is 2.5 times the total weekly labor cost. Material cost is $12 per pound. Standard price to sell is $200 per unit.

Week Output (units) Workers Material (lbs)

1 2,500 6 520

2 2,750 7 540

3 2,850 8 560

4 3,000 9 580

b) What do the productivity figures suggest? (What is the trend?)

Reference no: EM13844254

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