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?

Question

Mathematics

Gia Byrd

26 July, 02:32

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?

+5

Answers (1)

Know the Answer?

Vaughn Byrd · Answer 1

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