Question: I need help with how to work this problem. You are trying to understand the finances of one of your competitors. You learn their labor

I need help with how to work this problem.

I need help with how to work this problem. You

You are trying to understand the finances of one of your competitors. You learn their labor productivity last year was 38 and total productivity was 7. You know from public filings that their total output was $137M, overhead was $5M and the firm's only costs were labor, materials and overhead. How much did the competitor pay for materials last year? Answer in the nearest $M (so if your answer is $7.2M, enter 7)

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