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Terrell Industries produces a single product at its Roosevelt facility. The product has two main inputs, metal and labor, with additional costs being included
Terrell Industries produces a single product at its Roosevelt facility. The product has two main inputs, metal and labor, with additional costs being included in manufacturing overhead. The plant carries neither work-in-process nor finished goods inventories. Information from the previous four quarters of production follows: Metal input (pounds) Labor input (hours) Sales (pounds) Average price of metal per pound Average wage rate per hour Average sales price per pound Q1 194,000 9,700 164,900 Q2 Q3 Q4 210,000 10,560 184,800 230,000 11,500 $ 0.62 32.00 $ 0.66 34.00 240,000 12,500 204,000 $ 0.70 28.00 6.10 6.20 387,224 5.95 418,660 397,000 190,900 $ 0.65 30.00 6.00 421,820 Manufacturing overhead (total) Required: a. Compute the partial productivity measures for metal for the four quarters. b. Compute the partial productivity measures for labor for the four quarters. c. Compute the total factor productivity for the four quarters. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute the total factor productivity for the four quarters. Quarter Total Factor Productivity 8 0.28 x 0.29 X 0.31 x
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