P2a. Various financial data for the past two years follow. Calculate the productivity ratios and enter...

  

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P2a. Various financial data for the past two years follow. Calculate the productivity ratios and enter the % change (round to one decimal place) from last year to this year. Output: Inputs: Volume (# units) $ Price / unit Labor hours / unit Labor $ cost/hour Raw material $ cost/ unit Overhead Labor Productivity (round to one decimal place) Multifactor Productivity (round to one decimal place) Last Year 35,000 $18.00 0.2 $24 $6.00 This Year 50,000 $18.20 0.15 $24 $6.20 $40,000 $50.000 % Change P2a. Various financial data for the past two years follow. Calculate the productivity ratios and enter the % change (round to one decimal place) from last year to this year. Output: Inputs: Volume (# units) $ Price / unit Labor hours / unit Labor $ cost/hour Raw material $ cost/ unit Overhead Labor Productivity (round to one decimal place) Multifactor Productivity (round to one decimal place) Last Year 35,000 $18.00 0.2 $24 $6.00 This Year 50,000 $18.20 0.15 $24 $6.20 $40,000 $50.000 % Change

Answer rating: 100% (QA)

To calculate the productivity ratios and percentage change we can use the following formulas 1 Labor ... View the full answer