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

Question

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

Quizplus · Accepted Answer

The Answer of Melbourne Inc., has provided the following information for last year:
 $$\begin{array} { l r l } 
\text { Pounds of input } & 42,000 & @ \$ 18 / p o u n d \
\text { Labor hours } & 11,000 & @ \$ 24 / \text { hour } \
\text { Overhead costs } & \$ 187,000 & \
\text { Units of output produced } & 33,000 & @ \text { selling price of } \$ 60 / \text { unit }
\end{array}$$ 
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