The details of weekly output and input for a fabrication process are as follows: output is 400 units,with a standard selling price of $100 per unit.For the week,total labor costs are: 10 workers at 40 hours for the week,paid $15 per hour.Total material costs for the 400 units are $5,000.Weekly overhead is charged at the rate of 1.5 times the labor costs.What is the multifactor productivity for the week?
A) 0.02
B) 0.75
C) 1.50
D) 2.00
Correct Answer:
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