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meter. What is the average multi-factor productivity for this process?

meter. What is the average multi-factor productivity for this process?

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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The weekly output of a production process is shown below, together with data for labor and material inputs. The standard inventory value of the output is $125 per unit. Overhead is charged weekly at the rate of $1500 plus .5 times direct labor cost. Assume a 40-hour week and an hourly wage of $16. Material cost is $10 per meter. What is the average multi-factor productivity for this process? Week #workers Material(m) output 412 1 6. 2840 364 5 2550 3 392 5 2720 4 408 2790
Transcribed Image Text:The weekly output of a production process is shown below, together with data for labor and material inputs. The standard inventory value of the output is $125 per unit. Overhead is charged weekly at the rate of $1500 plus .5 times direct labor cost. Assume a 40-hour week and an hourly wage of $16. Material cost is $10 per meter. What is the average multi-factor productivity for this process? Week #workers Material(m) output 412 1 6. 2840 364 5 2550 3 392 5 2720 4 408 2790
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