Terrell Industries produces a single product at its Roosevelt facility. The product has two main inputs, metal and labor, with additional costs being included in manufacturing overhead. The plant carries neither work-in-process nor finished goods inventories. Information from the previous four quarters of production follows: Metal input (pounds) Labor input (hours) Sales (pounds) Average price of metal per pound Average wage rate per hour Average sales price per pound Manufacturing overhead (total) Q1 194,000 9,700 164,900 $0.62 32.00 6.20 387,224 Q2 210,000 10,560 184,800 $0.66 34.00 5.95 418,660 Q3 240,000 12,500 204,000 $ 0.70 28.00 6.10 397,000 Required: a. Compute the partial productivity measures for metal for the four quarters. b. Compute the partial productivity measures for labor for the four quarters. c. Compute the total factor productivity for the four quarters. 04 230,000 11,500 190,900 $0.65 30.00 6.00 421,820

Terrell Industries produces a single product at its Roosevelt facility. The product has two main inputs, metal and labor, with additional costs being included in manufacturing overhead. The plant carries neither work-in-process nor finished goods inventories. Information from the previous four quarters of production follows: Metal input (pounds) Labor input (hours) Sales (pounds) Average price of metal per pound Average wage rate per hour Average sales price per pound Manufacturing overhead (total) Q1 194,000 9,700 164,900 $0.62 32.00 6.20 387,224 Q2 210,000 10,560 184,800 $0.66 34.00 5.95 418,660 Q3 240,000 12,500 204,000 $ 0.70 28.00 6.10 397,000 Required: a. Compute the partial productivity measures for metal for the four quarters. b. Compute the partial productivity measures for labor for the four quarters. c. Compute the total factor productivity for the four quarters. 04 230,000 11,500 190,900 $0.65 30.00 6.00 421,820

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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