Colbyville Co Required:
Calculate the Total Factor Productivity Measure

Essay

Colbyville Co. has provided the following information for last year:
$$\begin{array} { l r l } \text { Pounds of input } & 35,000 & @ \$ 17 / \text { pound } \\\text { Lubor hours } & 8,000 & @ \$ 26 / \text { hour } \\\text { Overhead costs } & \$ 142,000 & \\\text { Units of output produced } & 15,000 & @ \text { selling price of } \$ 85 / \text { rrit }\end{array}$$
Required:
Calculate the total factor productivity measure.