Required A Required B Required C Compute the total factor productivity for the four periods. Total Factor Productivity Period Period 1 Period 2 Period 3 Period 4 < Required B Required C >
Required A Required B Required C Compute the total factor productivity for the four periods. Total Factor Productivity Period Period 1 Period 2 Period 3 Period 4 < Required B Required C >
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Question
Prevost Chemicals manufactures an industrial solvent at its only processing plant. A liquid chemical and labor are the two primary inputs. All other resources are included in manufacturing overhead. The plant never has any work-in-process or finished goods inventories. Information from the previous four periods of production follows:
Period 1 | Period 2 | Period 3 | Period 4 | |
---|---|---|---|---|
Chemical input (gallons) | 125,000 | 129,280 | 128,000 | 120,000 |
Labor input (hours) | 12,500 | 11,200 | 15,000 | 10,100 |
Solvent sales (gallons) | 110,000 | 113,120 | 120,000 | 103,020 |
Average price of chemical per gallon | $ 2.00 | $ 2.10 | $ 1.95 | $ 2.25 |
Average wage rate per hour | 28.00 | 26.00 | 31.00 | 34.00 |
Average sales price per gallon | 10.26 | 10.00 | 9.80 | 10.60 |
Manufacturing overhead (total) | 236,000 | 245,312 | 245,400 | 243,080 |
Required:
c. Compute the total factor productivity for the four periods.
![Required A Required B Required C
Compute the total factor productivity for the four periods.
Total Factor
Productivity
Period
Period 1
Period 2
Period 3
Period 4
< Required B
Required C
>](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff00761e5-6ea2-4b64-9c87-d0591240e351%2Fa4bb0c11-499f-43f8-96a4-c318abc6086a%2Fmv094n_processed.png&w=3840&q=75)
Transcribed Image Text:Required A Required B Required C
Compute the total factor productivity for the four periods.
Total Factor
Productivity
Period
Period 1
Period 2
Period 3
Period 4
< Required B
Required C
>
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