As the cost accounting manager at Cambria Chemicals (CC), you are responsible for compiling and reporting various performance measures to the senior managers. The company instituted many efficiency improvement programs recently, and the CFO has asked you to measure and report total factor productivity measures based on the three inputs (material, labor, and overhead). Data for the last two years follow:

Year 2 Year 1

Gallons input (thousands) 10,500 9,500

Labor-hours (thousands) 9,100 6,700

Gallons of output (thousands) 12,300 10,300

From the accounting records, you also gather the following information for the two years:

Year 2 Year 1

Cost of inputs (per gallon) $85 $90

Wage rate (per hour) $23 $16

Total manufacturing overhead $1,370,000 $1,220,000

Selling price of output (per gallon) $385 $390

Required:

a.Compute the total factor productivity measures for year 1 and year 2 based on the three inputs (material, labor, and overhead).(Round your answers to 3 decimal places.)

**See Attachment**

As the cost accounting manager at Cambria Chemicals (CC), you are responsible for compiling and reporting various performance measures to the senior managers. The company instituted many efficiency improvement programs recently, and the CFO has asked you to measure and report total factor productivity measures based on the three inputs (material, labor, and overhead). Data for the last two years follow: Year 2 10,500 9,100 12,300 Gallons input (thousands) Labor-hours (thousands) Gallons of output (thousands) Year 1 9,500 6,700 10,300 From the accounting records, you also gather the following information for the two years: Year 2 Cost of inputs (per gallon) Wage rate (per hour) Total manufacturing overhead Selling price of output (per gallon) $ $ $ $ 85 23 1,370,000 385 Year 1 $ $ $ $ Required: a. Compute the total factor productivity measures for year 1 and year 2 based on the three inputs (material, labor, and overhead). (Round your answers to 3 decimal places.) Year 2 Total Factor Productivity Year 1 mpiling and reporting ciency improvement tivity measures based Year 1 Year 1 90 16 1,220,000 390 e inputs (material