Question: Compute for Total Productivity, show solution. Units produced: 5,000 Standard price: $30/unit Labor input: 500 hours Cost of labor: $25/hour Cost of materials: $5,000 Cost

Compute for Total Productivity, show solution.

Units produced: 5,000

Standard price: $30/unit

Labor input: 500 hours

Cost of labor: $25/hour

Cost of materials: $5,000

Cost of overhead: 2x labor cost

What is the implication of an unitless measure of productivity?

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