Marion Forging Co. has provided the following information for last year:
$$\begin{array} { l r l }
\text { Tons of metal input } & 14,000 & @ \$ 10 / \text { ton } \
\text { Labor hours } & 5,000 & @ \$ 30 / \text { hour } \
\text { Overhead costs } & \$ 125,000 & \
\text { Tons of forging produced } & 10,000 & @ \text { selling price of } \$ 60 / \text { ton }
\end{array}$$
Required:
Calculate the total factor productivity measure.

Question

Marion Forging Co. has provided the following information for last year:
 $$\begin{array} { l r l } 
\text { Tons of metal input } & 14,000 & @ \$ 10 / \text { ton } \
\text { Labor hours } & 5,000 & @ \$ 30 / \text { hour } \
\text { Overhead costs } & \$ 125,000 & \
\text { Tons of forging produced } & 10,000 & @ \text { selling price of } \$ 60 / \text { ton }
\end{array}$$ 
Required:
Calculate the total factor productivity measure.

Quizplus · Accepted Answer

The Answer of Marion Forging Co. has provided the following information for last year:
 $$\begin{array} { l r l } 
\text { Tons of metal input } & 14,000 & @ \$ 10 / \text { ton } \
\text { Labor hours } & 5,000 & @ \$ 30 / \text { hour } \
\text { Overhead costs } & \$ 125,000 & \
\text { Tons of forging produced } & 10,000 & @ \text { selling price of } \$ 60 / \text { ton }
\end{array}$$ 
Required:
Calculate the total factor productivity measure.

Marion Forging Co Required: Calculate the Total Factor Productivity Measure

Marion Forging Co Required:
Calculate the Total Factor Productivity Measure