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

Question

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

Quizplus · Accepted Answer

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