Five workers assembled 200 tables      during an 8-hour shift. Workers are paid $10/hour and overhead cost is equal to the total labor cost.      The raw materials cost is $10 per table. If each table sells at $28, the multifactor productivity is ________ $ of revenue      per $ of input.
0.2
2.0
1.5
0.5
Solution
Each worker is paid $80 for the whole day, so $400 for the day\'s cost. Overhead is equal to your total labor cost, for another $400. At $10 per table, total cost is $2000 + $400 + $400 = $2800. Revenue is $28 per table, a total of $5600. $5600/$2800 is $2 of revenue per $ of input.
Cheers.
.
Five workers assembled 200 tables during an 8-hour shift- Workers are.docx
1. Five workers assembled 200 tables      during an 8-hour shift. Workers are paid
$10/hour and overhead cost is equal to the total labor cost. Â Â Â Â Â The raw materials cost is
$10 per table. If each table sells at $28, the multifactor productivity is ________ $ of revenue
     per $ of input.
1. 0.2
2. 2.0
3. 1.5
4. 0.5
Solution
Each worker is paid $80 for the whole day, so $400 for the day's cost. Overhead is equal to your
total labor cost, for another $400. At $10 per table, total cost is $2000 + $400 + $400 = $2800.
Revenue is $28 per table, a total of $5600. $5600/$2800 is $2 of revenue per $ of input.
Cheers.
