Ternes Manufacturing produces metal products primarily used in the construction industry. The three main inputs in production
Question:
Ternes Manufacturing produces metal products primarily used in the construction industry. The three main inputs in production are materials (metal), labor, and overhead. Data for the previous three reporting periods follow:
Required
a. Compute the total factor productivity for the previous three reporting periods.
b. Briefly evaluate the efficiency of the operation at Ternes.
Transcribed Image Text:
Materials cost Labor cost.. Overhead.. Value of product produced... Period 3 $ 49,000 28,150 41,050 135,930 Period 2 $ 63,500 37,820 46,600 177,504 Period 1 $ 58,750 34,200 44,850 162,604
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