The weekly output of a fabrication process is shown below, together with data for labor and material inputs. Overhead is charged weekly at the rate of $2,000 plus 0.5 times direct labor cost. Assume a 40-hour week and an hourly wage of $16. Material cost is $20 per foot. What is the average multifactor productivity for the week 1? Week 1 Output 50000 Number of Workers 15 Materials (Foot) 3000

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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The weekly output of a fabrication process is shown below, together with data for labor and
material inputs. Overhead is charged weekly at the rate of $2,000 plus 0.5 times direct labor cost.
Assume a 40-hour week and an hourly wage of $16. Material cost is $20 per foot. What is the
average multifactor productivity for the week 1?
Week
1
Output
50000
Number of Workers
15
Materials (Foot)
3000
Transcribed Image Text:The weekly output of a fabrication process is shown below, together with data for labor and material inputs. Overhead is charged weekly at the rate of $2,000 plus 0.5 times direct labor cost. Assume a 40-hour week and an hourly wage of $16. Material cost is $20 per foot. What is the average multifactor productivity for the week 1? Week 1 Output 50000 Number of Workers 15 Materials (Foot) 3000
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