Shuster Metalworks Co Required:
Calculate the Total Factor Productivity Measure

Essay

Shuster Metalworks Co.has provided the following information for last year: $$\begin{array} { | l | r | l | } \hline \text { Pounds of metal input } & 21,000 & @ \$ 12 \text { pound } \\\hline \text { Labor hours } & 8,000 & @ \$ 25 \text { hour } \\\hline \text { Overhead costs } & \$ 165,000 & \\\hline \begin{array} { l } \text { Pounds of output } \\\text { produced }\end{array} & 12,000 & \begin{array} { l } @ \text { selling price of } \\\$ 70 \text { pound }\end{array} \\\hline\end{array}$$
Required:
Calculate the total factor productivity measure.