In a manufacturing process, five workers could produce 60 units per hour. labor costs are $15/hour, and material cost is $20/unit. overhead is charged at 1.5 times direct labor cost. finished units sell for $40 each. what is the multifactor productivity associated with the process?

1.729

Explanation:

Given;

Number of units produced by 5 workers = 60 per hour

Labor cost = $15/hour

Material cost = $20/unit

Overhead charged = 1.5 times direct direct labor cost

or

Overhead charged = $22.5/hour

Selling cost of the finished units = $40/unit

Now,

the total labor cost = Direct labor × Total number of labor = $15 × 5 = $75

Total material cost = Number of units × Material cost per unit

Total material cost = 60 × $20 = $1,200

Total overhead = 1.5 × the total labor cost  = 1.5 × $75 = $112.5

Therefore,

the total cost of production = $75 + $1,200 + $112.50 = $1,387.5

Total revenue = Number of units × Selling cost = 60 × $40 = $2,400

Thus,

the multifactor productivity =

or

the multifactor productivity =  

or

the multifactor productivity = 1.729

the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

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