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The controller's staff at McNichols Lubricants is responsible for preparing quarterly performance reports. One report evaluates quarterto-quarter improvement in partial productivity of the two main

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The controller's staff at McNichols Lubricants is responsible for preparing quarterly performance reports. One report evaluates quarterto-quarter improvement in partial productivity of the two main inputs in the production process; base chemical and labor. Management at McNichols is particularly interested in the results because there have been numerous efficiency improvement programs instituted at the company recently, Data for the last two quarters follow: From the accounting records, you also gather the following information for the two years. Required: a. Compute the total factor productivity measures for quarter 1 and quarter 2 based on the three inputs (materials, labor, and overhead), Note: Round your answers to 2 decimal places

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