A process has an output per day of 7,040 units. the inputs to produce this are labor $1000, materials $520; and overhead $2000. what is the productivity?

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asked May 23, 2018 223k views

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Khrm · Answer 1 · 2018-05-28T06:40:25+0000

The multifactor productivity can be calculated using the the units produced and the total costs.
Units = 7040
Total costs = 1000 + 520 + 2000
Total costs = $3,520

Multifactor productivity = 7,040 / 3,520
Multifactor productivity = 2 units per dollar

A process has an output per day of 7,040 units. the inputs to produce this are labor $1000, materials $520; and overhead $2000. what is the productivity?

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