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Question 2 45 points Save Answe The table below shows the actual amounts of labor cost of a particular industrial manufacturing company based on a fixed number of employees. The price indices in Column Care specific to the manufacturing industry. a. In Column D. CALCULATE the constant amounts of labor cost for each year using the general inflation rate method. b. In Column E. CALCULATE the constant amounts of labor cost for each year using the average inflation rate method A B D E Labor Costs Labor Costs in Constant Amounts Year In Actual Amounts (based on Year O prices) 0 56,989,215 116 1 57,325,691 118 2. 58,485,774 122 3 61,306,352 127 4 63,842,236 131 5 66,301,079 152 Formulas: 4. = 4.1+* N = log(5) log(1+1) 4, 4. = 4,01+= (1 + * Question 2 The table below shows the actual amounts of labor cost of a particular industrial manufacturing company based on a fixed number of employees. The a. In Column D. CALCULATE the constant amounts of labor cost for each year using the general inflation rate method b. in Column E, CALCULATE the constant amounts of labor cost for each year using the average inflation rate method. A B Labor Costs In Actual Amounts Year CPI D E Labor costs in Constant Amounts (based on Year O prices) 56,356,361.58 56,989 215.00 56,989,215 116 1 57,325,691 118 52 185, 166.10 m 54,800 564,47 N 58,485,774 122 55,611,595.46 54,800,564.47 3 61,306,352 127 50.599, 410.29 , 53,446,800.10 4 63,842,236 131 53,556,560.13 53,556,560.13 5 66,301,079 152 50,599,410.29 1 51,436,941.70 Formulas: 4. = 4. (1+ IV log(5) log(1+1) . 4. = 4,(1+= (1+ .4 - Question 2 45 points Save Answe The table below shows the actual amounts of labor cost of a particular industrial manufacturing company based on a fixed number of employees. The price indices in Column Care specific to the manufacturing industry. a. In Column D. CALCULATE the constant amounts of labor cost for each year using the general inflation rate method. b. In Column E. CALCULATE the constant amounts of labor cost for each year using the average inflation rate method A B D E Labor Costs Labor Costs in Constant Amounts Year In Actual Amounts (based on Year O prices) 0 56,989,215 116 1 57,325,691 118 2. 58,485,774 122 3 61,306,352 127 4 63,842,236 131 5 66,301,079 152 Formulas: 4. = 4.1+* N = log(5) log(1+1) 4, 4. = 4,01+= (1 + * Question 2 The table below shows the actual amounts of labor cost of a particular industrial manufacturing company based on a fixed number of employees. The a. In Column D. CALCULATE the constant amounts of labor cost for each year using the general inflation rate method b. in Column E, CALCULATE the constant amounts of labor cost for each year using the average inflation rate method. A B Labor Costs In Actual Amounts Year CPI D E Labor costs in Constant Amounts (based on Year O prices) 56,356,361.58 56,989 215.00 56,989,215 116 1 57,325,691 118 52 185, 166.10 m 54,800 564,47 N 58,485,774 122 55,611,595.46 54,800,564.47 3 61,306,352 127 50.599, 410.29 , 53,446,800.10 4 63,842,236 131 53,556,560.13 53,556,560.13 5 66,301,079 152 50,599,410.29 1 51,436,941.70 Formulas: 4. = 4. (1+ IV log(5) log(1+1) . 4. = 4,(1+= (1+ .4