Katrina Design has decided to experiment with two alternative manufacturing approaches, identified as MF and LI$,$ for producing men$$s fashions.$$ The firm expects the total demand to be $20,000$ suits. The manufacturing factors required to produce these outputs differ.$$ The management estimates the required input resources using the different manufacturing approaches are: Direct Materials $($yds$.)$Direct Labor $($hrs$.)$ MF$240,000100,000$ LI$180,000120,000$ Number of Suits$20,000$ The cost of direct material per yard is$$ $$10$ The cost of labor per direct hour is$$ $$261.$ Compute the partial operational productivity ratios for each of the production approaches. $(4$ pts$)$

$$ Which approach would you select based on the partial operational productivity ratios? $2.$ Calculate the partial financial productivity ratios for each of the production approaches.$(4$ pts$)$

$$ Which approach would you select based on the partial financial productivity ratios? $3.$ Compute the total productivity ratios for each of the production approaches.$(4$ pts$)$

$$ Which approach would you select based on the total productivity ratios?