Compute the multifactor productivity measure for each of the…

Compute the multifactor productivity measure for each of the weeks shown for production of chocolate bars. What is the Multifactor Productivity (MFP) for Week 3? Assume 40-hour weeks and an hourly wage of $12. Overhead is 1.5 times weekly labor cost. Material cost is $6 per pound. Week Output (units) Workers Material (lbs) 1 30000 6 450 2 33600 7 470 3 32200 7 460 4 35400 8 480