Pantipazole Products Co Required:
Calculate the Total Factor Productivity Measure

Essay

Pantipazole Products Co. has provided the following information for last year:
$$\begin{array} { l r } \text { Material costs } & \$ 150,000 \\\text { Labor hours } & \$ 45,000 \\\text { Overhead costs } & \$ 117,000 \\\text { Tons of forging produced } & 8,000 & \text { @ selling price of } \$ 45 / \text { each }\end{array}$$
Required:
Calculate the total factor productivity measure.