Determine the multifactor productivity for the combined input of labor and machine time using the following data:
Output: 7,040 units
Input
Labor: $1,000
Materials: $520
Overhead: $2,000
Determine the multifactor productivity for the combined input of labor and machine time using the following data:
Output: 7,040 units
Input
Labor: $1,000
Materials: $520
Overhead: $2,000