The quantity of produced output is divided with the cost of all used inputs to calculate ____________?
Correct answer: D. total factor productivity
- A. engineered productivity
- B. targeted productivity
- C. partial productivity
- D. total factor productivity
Explanation
Total factor productivity compares output with the combined cost of all inputs used, rather than with only one input. Partial productivity, by contrast, isolates a single input such as labour or materials.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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