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Accounting

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As the cost accounting manager at Cambria Chemicals (CC), you are responsible for compiling and reporting various performance measures to the senior managers. The company instituted many efficiency improvement programs recently, and the CFO has asked you to measure and report partial productivity for both labor and materials. Dota for the last two years follow. Year 2 Year 1 Gallons input (thousands) 9,900 8,900 Labor-hours (thousands) 9,000 6,600 Gallons of output (thousands) 11,700 9,700 From the accounting records, you also gather the following information for the two years. Year 2 Year 1 Cost of inputs (per gallon) 825 88 Wage rate (per hour) 24 15 Total manufacturing overhead $1,280,000 $1,180,000 selling price of output (per gallon) 385 $ $ $ $ $ Required: a. Compute the total factor productivity measures for year 1 and year 2 based on the three inputs (material, labor, and overhead). (Round your answers to 3 decimal places.) Year 2 Year 1 Total factor productivity

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