Exercise 18-45 (Algo) Total Factor Productivity (LO 18-6) Ternes Manufacturing produces metal products primarily used in...

Transcribed Image Text:

Exercise 18-45 (Algo) Total Factor Productivity (LO 18-6) Ternes Manufacturing produces metal products primarily used in the construction industry. The three main inputs in production are materials (metal), labor, and overhead. Data for the previous three reporting periods follow: Materials cost Labor cost Overhead value of product produced Required: Period 3 Period 2 Period 1 $ 58,000 $ 72,500 $ 67,750 37,150 46,820 43,200 50,050 55,600 53,850 144,930 186,504 171,604 a. Compute the total factor productivity for the previous three reporting periods. Note: Round your answers to 2 decimal places. Total Factor Period Productivity Period 31 Period 2 Period 1 Exercise 18-45 (Algo) Total Factor Productivity (LO 18-6) Ternes Manufacturing produces metal products primarily used in the construction industry. The three main inputs in production are materials (metal), labor, and overhead. Data for the previous three reporting periods follow: Materials cost Labor cost Overhead value of product produced Required: Period 3 Period 2 Period 1 $ 58,000 $ 72,500 $ 67,750 37,150 46,820 43,200 50,050 55,600 53,850 144,930 186,504 171,604 a. Compute the total factor productivity for the previous three reporting periods. Note: Round your answers to 2 decimal places. Total Factor Period Productivity Period 31 Period 2 Period 1