XYZ firm is preparing their monthly productivity report. Their monthly costs are shown below. Calculate the a)labor productivity b) machine productivity   c) the multifactor productivity of dollars spent on labor, materials, and energy. Average labor rate is $18.00.

Units produced: 1800                Labor hours: 1975                 Machine hours: 425
Materials cost: $81000              Energy cost: $21600

Question

XYZ firm is preparing their monthly productivity report. Their monthly costs are shown below. Calculate the a)labor productivity b) machine productivity c) the multifactor productivity of dollars spent on labor, materials, and energy. Average labor rate is $18.00.

Units produced: 1800 Labor hours: 1975 Machine hours: 425

Materials cost: $81000 Energy cost: $21600

Units produced: 1800                Labor hours: 1975                 Machine hours: 425                              
Materials cost: $81000              Energy cost: $21600

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