Cummings Co Required:
Calculate the Total Factor Productivity Measure

Essay

Cummings Co. has provided the following information for last year:
$$\begin{array} { l r r } \text { Material costs } & \$ 225,000 \\\text { Labor costs } & \$ 70,000 & \\\text { Overhead costs } & \$ 175,000 \\\text { Product produced } & 9,000 &\text { @ selling price of } \$ 60 / \text { each }\end{array}$$
Required:
Calculate the total factor productivity measure.