At Symtecks, the output of a process is valued at $110110 per unit. The cost of
ID: 416212 • Letter: A
Question
At Symtecks, the output of a process is valued at $110110 per unit. The cost of labor is $5555 per hour including benefits. The accounting department provided the following information about the process for the past four weeks: LOADING... Week 1 Week 2 Week 3 Week 4 Units Produced 1 comma 1551,155 1 comma 3101,310 1 comma 0961,096 981981 Labor ($) 12 comma 70512,705 14 comma 89214,892 10 comma 60310,603 9 comma 5269,526 Material ($) 20 comma 59520,595 24 comma 52324,523 20 comma 44220,442 18 comma 41418,414 Overheads ($) 9 comma 6079,607 10 comma 53010,530 8 comma 7368,736 7 comma 8487,848 a. The multifactor productivity ratio for week 1 is nothing.
Explanation / Answer
Units produced in week 1 = 1155
Total value of units produced in week 1 = $110 x 1155 = $127050
Cost data for week 1 :
Labor = $12,705
Material = $20,595
Overhead cost = $9607
Total cost for week 1 = Labor cost + Material cost + Overhead cost = $12705 + $20595 + $9607 = $42907
Multifactor productivity ratio for week 1 = Total value of units produced / Total cost = 127050/42907 = 2.961
MULTIFACTOR PRODUCTIVITY RATO FOR WEEK 1 = 2.961
MULTIFACTOR PRODUCTIVITY RATO FOR WEEK 1 = 2.961
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