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Bill's Bowling Balls is interested in calculating his multi-factor productivity
Bill's Bowling Balls is interested in calculating his multi-factor productivity. Last year, Bill produced 1,183 bowling balls. He has provided the following information:
Units Price per Unit Resin 804 $6 Labor Hours 254 $0.25 Energy 3000 $0.50
What is Bills multi-factor productivity?
Expert Solution
Computation of Bills Multi-factor Productivity:
Labor Used = 254 hours * $0.25 = $63.50
Resin Used = 804 units * $6 = $4,824
Energy Used = 3,000*$0.50 = $1,500
Total Cost = $63.50 + $4,824 + $1,500 = $6,387.50
Multi-factor Productivity = Output / Total cost
= 1,183/$6,387.50
Multifactor productivity = 0.1852 units per dollar
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