The weekly output of a production process is shown below, together with data for labor and material
Question: 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 0.5 times direct labor cost. Assume a 40-hour week and an hourly wage of $16. Material cost is $10 per running foot. What is the increase (or decrease) in multi-factor productivity for this process?
Week | Output | #Workers | Material (ft.) |
1 | 392 | 5 | 2720 |
2 | 408 | 6 | 2790 |
Price: $2.99
Solution: The downloadable solution consists of 1 page
Solution Format: Word Document
Solution Format: Word Document
