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Problem 2-3 (Algo) 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 $16. Overhead is 1.5 times weekly labor cost. Material cost is $9 per pound. (Round your answers to 2 decimal places.) Week 1 2 3 4 Output (units) 34,000 39,000 26,000 36,000 Click here for the Excel Data File Week 1 2 3 4 Workers 7 8 4 7 MFP (Output / Total Cost) Material (lbs) 490 540 460 560

Problem 2-3 (Algo) 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 $16. Overhead is 1.5 times weekly labor cost. Material cost is $9 per pound. (Round your answers to 2 decimal places.) Week 1 2 3 4 Output (units) 34,000 39,000 26,000 36,000 Click here for the Excel Data File Week 1 2 3 4 Workers 7 8 4 7 MFP (Output / Total Cost) Material (lbs) 490 540 460 560

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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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 $16. 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 34,000 7 490
2 39,000 8 540
3 26,000 4 460
4 36,000 7 560
 

 

Click here for the Excel Data File

 

 
 
 
 
Problem 2-3 (Algo) 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 $16. Overhead is 1.5 times weekly labor cost. Material cost is $9 per pound. (Round your answers to 2 decimal places.) Week 1 2 3 4 Output (units) 34,000 39,000 26,000 36,000 Click here for the Excel Data File Week 1 2 3 4 Workers 7 8 4 7 MFP (Output / Total Cost) Material (lbs) 490 540 460 560
Transcribed Image Text:Problem 2-3 (Algo) 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 $16. Overhead is 1.5 times weekly labor cost. Material cost is $9 per pound. (Round your answers to 2 decimal places.) Week 1 2 3 4 Output (units) 34,000 39,000 26,000 36,000 Click here for the Excel Data File Week 1 2 3 4 Workers 7 8 4 7 MFP (Output / Total Cost) Material (lbs) 490 540 460 560
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