Math Problem Statement
At Symtecks, the output of a process is valued at $9090 per unit. The cost of labor is $4545 per hour including benefits. The accounting department provided the following information about the process for the past four weeks: LOADING... Week 1 Week 2 Week 3 Week 4 Units Produced 1 comma 1711,171 1 comma 3061,306 1 comma 0961,096 977977 Labor ($) 12 comma 50612,506 14 comma 89214,892 10 comma 60310,603 9 comma 5769,576 Material ($) 20 comma 12920,129 24 comma 47324,473 20 comma 49220,492 18 comma 41418,414 Overheads ($) 9 comma 6359,635 10 comma 43010,430 8 comma 7868,786 7 comma 8487,848
Part 2 a. The multifactor productivity ratio for week 1 is 2.492.49. (Enter your response rounded to two decimal places.) Part 3 The multifactor productivity ratio for week 2 is 2.362.36. (Enter your response rounded to two decimal places.) Part 4 The multifactor productivity ratio for week 3 is 2.472.47. (Enter your response rounded to two decimal places.) Part 5 The multifactor productivity ratio for week 4 is enter your response here. (Enter your response rounded to two decimal places.)
Solution
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Math Problem Analysis
Mathematical Concepts
Multifactor Productivity
Cost Analysis
Ratio Calculation
Formulas
Multifactor Productivity (MFP) formula: MFP = Output / Total Input
Theorems
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Suitable Grade Level
Professional
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