The Details of Weekly Output and Input for a Fabrication

question 9

Multiple Choice

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

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Definitions:

Price Discriminate

The strategy of selling the same product to different customers at different prices based on their willingness to pay.

Discount Coupons

Vouchers or codes that offer a rebate or reduction on the price of goods or services.

Grocery Store

A retail store that primarily sells food, both fresh and packaged, along with various household items.

Willingness To Pay

The maximum amount an individual is prepared to spend to procure a good or service.