The Multifactor Productivity Ratio Discussion Paper
The multifactor productivity ratio for week 1 is (Enter your response rounded to two decimal places.) The multifactor productivity ratio for week 2 is (Enter your response rounded to two decimal places.)
Expert Answer
This solution was written by a subject matter expert. It’s designed to help students like you learn core concepts.
Step-by-step
1st step
All steps
Answer only
Step 1/1
Solution :
a) Multifactor productivity ratio for week 1 :
Value of output = units produced * value per unit
= 1174 * $90. = $105660
Value of input = Labor cost + material + overhead
= $12266 + $21208 + 9693
= $43167
Labour (Multifactor)productivity = Output / Input
= $105660/43167
= 2.44
- Explanation for step 1
Multifactor productivity ratio for week 2 :
Value of output= 1306 * $90 = $117540
Value of input = $14792+$24473+$10480
= $49745
Multifactor productivity = Output/ Input
= 117540 / 49745
= 2.36
Final answer
Hence, Multifactor productivity for week 1 = 2.44
And Multifactor productivity for week 2 = 2.36
The Multifactor Productivity Ratio Discussion Paper