Question 2: Compute the multifactor productivity measure for each of the days shown for production of chocolate bars in Table below. What do the figures suggest? Assume 8 hour day and an hourly rate of $10. Overhead cost is 1.75 times daily labor rate. Material cost is $6 per pound. Day Materials (Pounds) Output 4100 6300 Workers 4. 55 85 8200 10 125 1400 3 60 1234

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Question 2:
Compute the multifactor productivity measure for each of the days showWn for production of chocolate bars
in Table below. What do the figures suggest? Assume 8 hour day and an hourly rate of $10. Overhead cost
is 1.75 times daily labor rate. Material cost is $6 per pound.
Materials (Pounds)
55
Day
Output
4100
Workers
4
2.
6300
85
8200
10
125
4.
1400
3.
60
Cip
Transcribed Image Text:Question 2: Compute the multifactor productivity measure for each of the days showWn for production of chocolate bars in Table below. What do the figures suggest? Assume 8 hour day and an hourly rate of $10. Overhead cost is 1.75 times daily labor rate. Material cost is $6 per pound. Materials (Pounds) 55 Day Output 4100 Workers 4 2. 6300 85 8200 10 125 4. 1400 3. 60 Cip
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