Exercise 18-45 (Algo) Total Factor Productivity (LO 18-6)Ternes Manufacturing produces metal products primarily used in the construction industry. The three main inputs in production arematerials (metal), labor, and overhead. Data for the previous three reporting periods follow:Materials costLabor costOverheadValue of product producedPeriodPeriod 3Period 2Period 1Period 3$ 62,00041,15054,050148,930Required:a. Compute the total factor productivity for the previous three reporting periods.Note: Round your answers to 2 decimal places.Total FactorProductivityPeriod 2$ 76,50050,82059,600190,504Period 1$ 71,75047,20057,850175,604

Total factor productivity = Total production produced / Total inputs

r, and overhead. Data for the previous three reporting periods follow: produced Period 3 $ 62,000 41,150 54,050 148,930 Period 2 $ 76,500 50,820 59,600 190,504 Period 1 $ 71,750 47,200 57,850 175,604 actor productivity for the previous three reporting periods. swers to 2 decimal places.

r, and overhead. Data for the previous three reporting periods follow: produced Period 3 $ 62,000 41,150 54,050 148,930 Period 2 $ 76,500 50,820 59,600 190,504 Period 1 $ 71,750 47,200 57,850 175,604 actor productivity for the previous three reporting periods. swers to 2 decimal places.

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

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Chapter1: Financial Statements And Business Decisions

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Question

Exercise 18-45 (Algo) Total Factor Productivity (LO 18-6)
Ternes Manufacturing produces metal products primarily used in the construction industry. The three main inputs in production are
materials (metal), labor, and overhead. Data for the previous three reporting periods follow:
Materials cost
Labor cost
Overhead
Value of product produced
Period
Period 3
Period 2
Period 1
Period 3
$ 62,000
41,150
54,050
148,930
Required:
a. Compute the total factor productivity for the previous three reporting periods.
Note: Round your answers to 2 decimal places.
Total Factor
Productivity
Period 2
$ 76,500
50,820
59,600
190,504
Period 1
$ 71,750
47,200
57,850
175,604

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