Cummings Co Required:
Calculate the Total Factor Productivity Measure

question 112

Essay

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

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Definitions:

Bond Carrying Value

The net amount at which a bond is reported on the balance sheet, calculated as the face value of the bond minus any unamortized discounts or plus any unamortized premiums.

Sold At A Discount

Refers to selling a product or service below its usual price or the issuing of bonds below their face value.

Bond Carrying Amount

The net value of a bond recorded on the issuer's balance sheet, which can differ from its face value due to amortization of any discounts or premiums and issuance costs.

Sold At A Discount

Refers to selling an asset or security for a price that is less than its face value or original purchase price.