Tungsten Forging Co The Total Factor Productivity Measure Is:
A) $480,000

question 71

Multiple Choice

Tungsten Forging Co. has provided the following information for last year:
$$\begin{array} { l r l } \text { Tons of metal input } & 10,000 & @ \$ 10 / \text { ton } \\\text { Labor hours } & 5,000 & @ \$ 30 \text { hour } \\\text { Overhead costs } & \$ 125,000 & \\\text { Tons of forging produced } & 8,000 & @ \text { selling price of } \$ 60 / \text { tor }\end{array}$$
The total factor productivity measure is:

• A) $480,000.
• B) $375,000.
• C) 1.28.
• D) 0.78.

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Definitions:

Lean Operations

An approach to management that focuses on reducing waste, improving quality, and delivering value to customers through continuous improvement.

Food Deliveries

The act of transporting prepared meals or food products from restaurants, stores, or caterers to customers' locations, often facilitated by online platforms or apps.

Safety Stock

An additional quantity of inventory kept on hand as a buffer against demand fluctuations or supply chain uncertainties.

Lead Time

The amount of time between the initiation and completion of a production process.