Compute the multifactor productivity measure for each of the three weeks (your c

Question

Compute the multifactor productivity measure for each of the three weeks (your candy bar production data is in the table below). Enter the highest value for the three weeks (i.e., if Week 3 had the highest productivity, enter its productivity value as your answer).

Workers have 39.4 hours per week and are paid $14.0 per hour.

Overhead is 1.6 times the labor cost.

Chocolate was purchased for $6.60 per pound.

(Keep 2 decimal places in your answer)

Explanation / Answer

Multifactor productivity = Candy bars/(Worker cost + Overhead cost + Chocolate cost)

Worker cost = Number of workers*Worker hour per week*Worker rate per hour

Overhead cost = 1.6*Worker cost

Chocolate cost = Chocolate quantity*Chocolate cost per pound

Multifactor productivity = Candy bars/(Worker cost + 1.6*Worker cost + Chocolate cost)

Multifactor productivity = Candy bars/(2.6*Worker cost + Chocolate cost)

Week 1 = 29350/(2.6*6*39.4*14 + 423*6.6) = 2.58

Week 2 = 32000/(2.6*7*39.4*14 + 458*6.6) = 2.45

Week 3 = 35175/(2.6*8*39.4*14 + 477*6.6) = 2.41

Ans: Week 1

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