Trombly Fabrication has three production facilities located in the state, each producing the same basic mix of products. Facility 1 was the original plant and the only one for several years. Facilities 2 and 3 were added recently to handle the increased volume. Data for the three facilities on output and the three primary inputs for the most recent period follow: Value of product produced Materials cost Labor cost Overhead Facility Facility 1 $ 545,698 223,000 92,820 100,980 Total Factor Productivity Facility 2 $ 283,108 138,400 40,100 81,900 Required: a. Compute the total factor productivity for the three production facilities. Note: Round your answers to 2 decimal places. Facility 3 $ 242,432 123,700 36,200 71,900

Trombly Fabrication has three production facilities located in the state, each producing the same basic mix of products. Facility 1 was the original plant and the only one for several years. Facilities 2 and 3 were added recently to handle the increased volume. Data for the three facilities on output and the three primary inputs for the most recent period follow: Value of product produced Materials cost Labor cost Overhead Facility Facility 1 $ 545,698 223,000 92,820 100,980 Total Factor Productivity Facility 2 $ 283,108 138,400 40,100 81,900 Required: a. Compute the total factor productivity for the three production facilities. Note: Round your answers to 2 decimal places. Facility 3 $ 242,432 123,700 36,200 71,900

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Trombly Fabrication has three production facilities located in the state, each producing the same basic mix of products. Facility 1 was
the original plant and the only one for several years. Facilities 2 and 3 were added recently to handle the increased volume. Data for
the three facilities on output and the three primary inputs for the most recent period follow:
Value of product produced
Materials cost
Labor cost
Overhead
Facility
Facility 1
Facility 2
Facility 3
Facility 1
$ 545,698
223,000
92,820
100,980
Required:
a. Compute the total factor productivity for the three production facilities.
Note: Round your answers to 2 decimal places.
Total Factor
Productivity
Facility 2
$ 283,108
138,400
40, 100
81,900
Facility 3
$ 242,432
123,700
36,200
71,900

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