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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

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:

Period 3 Period 2 Period 1
Materials cost $ 54,000 $ 68,500 $ 63,750
Labor cost 33,150 42,820 39,200
Overhead 46,050 51,600 49,850
Value of product produced 140,930 182,504 167,604

Required:

a. Compute the total factor productivity for the previous three reporting periods.

Note: Round your answers to 2 decimal places.

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