homework - Productivity TLW Consulting has been concerned about declining profitability and the president has asked you to evaluate productivity over the past two years. After several weeks, you have managed to collect the following data about company operations. Billable Hours Labor Hours Travel Information Technology Management Overhead Capital Investment The average charge for billable hours is $300 and the average cost per labor hour is $100. Invested capital is exclusive of information technology investment. The productivity of an individual factor involves comparing the cost of that input factor to the value of the output, which is billable hours. 1. what is the output in hours? 2.a. What is the labor productivity for 2021 in dollars? 2.b. What is the labor productivity for 2022 in dollars? 2.c. what is the percent change in productivity? information technology investment. The productivity of an individual factor involves comparing the cost of that input factor to the value of the output, which is billable hours. 1. what is the output in hours? 2.a. What is the labor productivity for 2021 in dollars? 2.b. What is the labor productivity for 2022 in dollars? 2.c. what is the percent change in productivity? 3.a. What is the total-factor productivity (use all the inputs) for 2021 based on the above factors? 3.b. What is the multi-factor productivity for 2022 ? 3. c. What is the change in productivity from last year to this year? Problem 4: How well is the company doing? What would you recommend to the Boss? (Thinking question) Problem 6: Based on the results of problem 5 , which plant should the company shut down