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the output of a process is valued at $110 per unit. the cost of labour is $50 per hour including benefits

Sagot :

Parrain

Based on the labor cost, and output of the process, the multifactor productivity for the week is 3.06.

What is the multifactor productivity for Week 1?

This can be found by the formula:

= Cost in week 1 / Value of output in week 1

Cost in week 1:

= Labor + Material + Overheads

= 12,195 + 21,392 + 8,546

= $42,133

Value of product:

= 110 x 1,173 units

= $129,030

Multifactor productivity is:

= 129,030 / 42,133

= 3.06

Find out more on multifactor productivity at https://brainly.com/question/17550779.

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