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A manufacturing firm uses two measures of productivity: Total sales / Total inputs Total sales / Total labor inputs Given the data for the last
A manufacturing firm uses two measures of productivity:
Total salesTotal inputs
Total salesTotal labor inputs
Given the data for the last three years below, calculate the productivity ratios. All figures are in dollars. Round your answers to four decimal places.
Year Year Year
Sales $ $ $
Materials
Labor
Overhead
Year Year Year
Total salesTotal inputs
Total salesTotal labor inputs
How would you interpret the results? Compare the results between two consecutive years.
Total productivity
Select
in year and
Select
in year
Labor productivity
Select
in year and
Select
in year
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