Pantipazole Products Co Required:
Calculate the Total Factor Productivity Measure

Essay

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