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Pantipazole Products Co Required:
Calculate the Total Factor Productivity Measure

Question 106

Essay

Pantipazole Products Co. has provided the following information for last year:
 Material costs $150,000 Labor hours $45,000 Overhead costs $117,000 Tons of forging produced 8,000 @ selling price of $45/ each \begin{array} { l r } \text { Material costs } & \$ 150,000 \\\text { Labor hours } & \$ 45,000 \\\text { Overhead costs } & \$ 117,000 \\\text { Tons of forging produced } & 8,000 & \text { @ selling price of } \$ 45 / \text { each }\end{array}
Required:
Calculate the total factor productivity measure.

Correct Answer:

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Value of output: 8,000 × $45 =...

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