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alexira [117]
2 years ago
6

Louise Bragan has a sideline business of carving candlestick holders. She began by hand carving them with simple tools. On avera

ge, it costs $150 in materials, and miscellaneous costs ran $50 to produce 1,300 candlestick holders. She estimates that her labor cost was $200. What was her multifactor productivity to produce candlestick holders
Business
1 answer:
Darya [45]2 years ago
8 0

Answer:

3.25 holder/$

Explanation:

Given:

Material cost = $150

Miscellaneous costs = $50

Labor cost = $200

Total production = 1300 candlestick

  • Multi-factor productivity = Output / (labor cost+ material cost+capital+Miscellaneous costs)

Multi-factor productivity = 1300 / ($200+$150+$50)

Multi-factor productivity = 1300 / ($400)

Multi-factor Productivity = 3.25 holder/$

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