Trombly Fabrication has three production facilities located in the state, each producing the same basic mix of products. Facility 1 he original plant and the only one for several years. Facilities 2 and 3 were added recently to handle the increased volume. Data he 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 1 Facility 2 $534,698 $ 272,108 127,400 212,000 81,820 29,100 89,980 70,900 Facility 3 $ 231,432 112,700 Required: . Compute the total factor productivity for the three production facilities. Note: Round your answers to 2 decimal places. 25,200 60,900
Trombly Fabrication has three production facilities located in the state, each producing the same basic mix of products. Facility 1 he original plant and the only one for several years. Facilities 2 and 3 were added recently to handle the increased volume. Data he 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 1 Facility 2 $534,698 $ 272,108 127,400 212,000 81,820 29,100 89,980 70,900 Facility 3 $ 231,432 112,700 Required: . Compute the total factor productivity for the three production facilities. Note: Round your answers to 2 decimal places. 25,200 60,900
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Subject: accounting
Transcribed Image Text:Exercise 18-46 (Algo) Total Factor Productivity (LO 18-6)
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 Facility 2
$ 534,698 $ 272,108
127,400
29,100
212,000
70,900
Required:
a. Compute the total factor productivity for the three production facilities.
Note: Round your answers to 2 decimal places.
Total Factor
Productivity
81,820
89,980
Facility 3
$ 231,432
112,700
25,200
60,900
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education