Question: these the queation 45 points The table below shows the actual amounts of labor cost of a particular industrial manufacturing company based on a fuced
45 points The table below shows the actual amounts of labor cost of a particular industrial manufacturing company based on a fuced number of employees. The price indices in Colin Care tech to 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 B D Labor Costs Labor Costs in Constant Amounts In Actual Amounts (based on Year Oprices) 56,989,215 116 E Year CPI 0 1 57,325,691 118 2 58,485,774 122 3 61,306,352 127 4 131 63.142,236 66,301,079 152 5 Formulas: N loy(5) log(1+ 4. - 40
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