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A productivity index of 1 1 0 % means that a company s labor costs would have been 1 0 % higher if it had
A productivity index of means that a companys labor costs would have been higher if it had not made production improvements. Now refer to the Income Statement in Chester's Annual Report. The direct labor costs for Chester were $ These labor costs could have been $ higher if investments in training that increased productivity had not been made. What was the productivity index for Chester that led to such savings?
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