Calculate productivity as dollar sales per dollar input

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Reference no: EM131681163

Franklin Manufacturing typically produces 500 chairs per day. On average, each chair requires 1 hour of labor valued at $10 per hour. Material and overhead costs average $5 per chair and $2500 per day, respectively. Franklin sells these chairs to a retailer for $40 each. What is the multifactor productivity for a typical day? Calculate productivity as dollar sales per dollar input. Enter only the numerical answer rounded to one decimal place.

Reference no: EM131681163

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