Answer to Question #264818 in Economics for Bobby

Question

1.     Below is the weekly output of a production process, with data for workers and material inputs. The standard inventory value of the output is GH ₵125 per unit. Overhead is charged weekly at the rate of GH ₵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 average multi-factor productivity for this process?

WEEK OUTPUT #WORKERS MATERIALS (ft)

1 412 6 2840

2 364 5 2550

3 392 5 2720

4 408 6 2790

Answer 1

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