Melbourne Inc. ,has provided the following information for last year:$$\begin{array} { | l | r | l | }
\hline \text { Pounds of input } & 42,000 & @ \$ 18 \text { pound } \
\hline \text { Labor hours } & 11,000 & @ \$ 24 \text { hour } \
\hline \text { Overhead costs } & \$ 187,000 & \
\hline \begin{array} { l }
\text { Units of output } \
\text { produced }
\end{array} & 33,000 & \begin{array} { l }
@ \text { selling price of } \
\$ 60 \text { unit }
\end{array} \
\hline
\end{array}$$
Required:
Calculate the total factor productivity measure.

Question

Melbourne Inc. ,has provided the following information for last year:$$\begin{array} { | l | r | l | } 
\hline \text { Pounds of input } & 42,000 & @ \$ 18 \text { pound } \
\hline \text { Labor hours } & 11,000 & @ \$ 24 \text { hour } \
\hline \text { Overhead costs } & \$ 187,000 & \
\hline \begin{array} { l } 
\text { Units of output } \
\text { produced }
\end{array} & 33,000 & \begin{array} { l } 
@ \text { selling price of } \
\$ 60 \text { unit }
\end{array} \
\hline
\end{array}$$ 
Required:
Calculate the total factor productivity measure.

Quizplus · Accepted Answer

The Answer of Melbourne Inc. ,has provided the following information for last year:$$\begin{array} { | l | r | l | } 
\hline \text { Pounds of input } & 42,000 & @ \$ 18 \text { pound } \
\hline \text { Labor hours } & 11,000 & @ \$ 24 \text { hour } \
\hline \text { Overhead costs } & \$ 187,000 & \
\hline \begin{array} { l } 
\text { Units of output } \
\text { produced }
\end{array} & 33,000 & \begin{array} { l } 
@ \text { selling price of } \
\$ 60 \text { unit }
\end{array} \
\hline
\end{array}$$ 
Required:
Calculate the total factor productivity measure.

Melbourne Inc Required: Calculate the Total Factor Productivity Measure

Melbourne Inc Required:
Calculate the Total Factor Productivity Measure