Refer to the data in Exercise 18-37 (Cambria Chemicals). From the accounting records, you also gather the
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a. Compute the total factor productivity measures for year 1 and year 2 based on the three inputs (material, labor, and overhead).
b. Comment on the results.
c. Describe briefly the advantages and disadvantages of the total factor productivity relative to the partial measures computed in Exercise 18-37. Would it be useful to report both?
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a Total productivity Value of output Value of inputs materials labor and overhead Year 1 Total outpu...View the full answer
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Related Book For 
Fundamentals of Cost Accounting
ISBN: 978-1259565403
5th edition
Authors: William Lanen, Shannon Anderson, Michael Maher
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