Cummings Co Required:
Calculate the Total Factor Productivity Measure

Cummings Co.has provided the following information for last year: $$\begin{array} { | l | r | l | } \hline \text { Material costs } & \$ 225,000 & \\\hline \text { Labor costs } & \$ 70,000 & \\\hline \text { Overhead costs } & \$ 175,000 & \\\hline \text { Product produced } & 9,000 & @ \text { selling price of } \$ 60 \text { each } \\\hline\end{array}$$
Required:
Calculate the total factor productivity measure.

Correct Answer:

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Value of output: 9,000 × $60 =...

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