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At Symbiotech, the output of a process is valued at $110 per unit. The cost of labor is $50 per hour including benefits. The accounting department provided the following information about the process for the past four weeks: Week 1 Week 2 Week 3 Week 4 Units 1161 1310 1092 985 produced Labor ($) 12002 14842 10563 9576 Material ($) 20373 24573 20492 |18364 Overhead 8649 10430 8686 7798 |($) What is the multifactor productivity ratio for week 4? Use two decimal places.

At Symbiotech, the output of a process is valued at $110 per unit. The cost of labor is $50 per hour including benefits. The accounting department provided the following information about the process for the past four weeks: Week 1 Week 2 Week 3 Week 4 Units 1161 1310 1092 985 produced Labor ($) 12002 14842 10563 9576 Material ($) 20373 24573 20492 |18364 Overhead 8649 10430 8686 7798 |($) What is the multifactor productivity ratio for week 4? Use two decimal places.

Algebra for College Students
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Systems Of Equations
Section11.CT: Test
Problem 24CT
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At Symbiotech, the output of a process is valued at $110 per unit. The cost of labor is $50 per hour including benefits. The accounting department provided the following information about the process for the past four weeks: Week 1 Week 2 Week 3 Week 4 Units 1161 1310 1092 985 produced Labor ($) 12002 14842 10563 9576 Material ($) 20373 24573 20492 |18364 Overhead 8649 10430 8686 7798 |($) What is the multifactor productivity ratio for week 4? Use two decimal places.
Transcribed Image Text:At Symbiotech, the output of a process is valued at $110 per unit. The cost of labor is $50 per hour including benefits. The accounting department provided the following information about the process for the past four weeks: Week 1 Week 2 Week 3 Week 4 Units 1161 1310 1092 985 produced Labor ($) 12002 14842 10563 9576 Material ($) 20373 24573 20492 |18364 Overhead 8649 10430 8686 7798 |($) What is the multifactor productivity ratio for week 4? Use two decimal places.
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