Ontario Bank and Trust Company's total output of financial services during the year just ended was valued

Question:

Ontario Bank and Trust Company's total output of financial services during the year just ended was valued at $11 million. The total cost of the firm's inputs, primarily direct labor and overhead, was $10 million.

Required:

1. Compute Ontario's aggregate (or total) productivity for the year.

2. Do you believe this is a useful measure? Why? Suggest an alternative approach that Ontario Bank and Trust might use to measure productivity.

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Managerial Accounting Creating Value in a Dynamic Business Environment

ISBN: 978-0078025662

10th edition

Authors: Ronald Hilton, David Platt

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Question Posted: Apr 22, 2014 03:03 AM

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Ontario Bank and Trust Company's total output of financial services during the year just ended was valued

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Managerial Accounting Creating Value in a Dynamic Business Environment

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