It takes the Kwinzee shipyard six months with 500 workers to build a small tanker. Material costs are $32 million and overhead costs are $2 million. Workers cost $40 per hour including benefits and work 40 hours per week. The ship sells for $75 million. What is the multifactor productivity ratio?
◦ Greater than 1.0 but less than or equal to 2.0
◦ Greater than 3.0
◦ Less than 1.0
◦ Greater than 2.0 but less than or equal to 3.0