Lolo operates two highly automated chemical processing plants: Fajardo and Mayaguez. The same production process takes place in the two plants and turns material Zip into chemical compound Plof. In order to evaluate their productivity measures, the managers of Lolo have the accounting department gather comparative operating and financial data in the follow table:

Fajardo Plants mayaguez Plant this year last year this year last year

Inputs:

Zip 30,000 lb @ $75 29,000 lb @ $73 50,000 lb @ $72 52,000 lb@ $71

Labor 4,000 hr @ $15 3,740 hr @ $14 6,050 hr @ $14 6,180 hr @ $13

Overhead $3,150,000 $2,878,000 $ 5,480,000 $5,672,500

Outputs:

Plof 26,500 lb 24,650 lb 43,100 lb 44,200 lb

Value $ 7,380,000 $ 6,763,500 $ 11,089,300 $ 11,428,300

Required: Determine relevant partial productivity and total factor productivity measures for both plants and compare results.