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: 

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.

Transcribed Image Text:

Metal input (pounds).. Labor input (hours). Sales (pounds)... Q1 Q2 Q3 194,000 210,000 240,000 9,700 10,560 12,500 164,900 184,800 204,000 Average price of metal per pound..... $ Average wage rate per hour... Average sales price per pound... Manufacturing overhead (total)... Q4 230,000 11,500 190,900 0.62 $ 0.66 $ 0.70 $ 32.00 34.00 6.20 5.95 387,224 418,660 28.00 6.10 397,000 0.65 30.00 6.00 421,820