ABC Corporation makes small parts from steel alloy sheets. Management has the flexibility to substitute direct materials for direct manufacturing labor and vice versa. If workers cut the steel carefully, more parts can be manufactured from a metal sheet, but this requires additional direct manufacturing labor hours. Alternatively, ABC can use fewer labor hours of of direct materials. ABC decided to Improve materials productivity this year and the following provides information for the current and prior year: Prior Year 400,000 10,000 Output units Direct manufacturing labor hours Wages per hour Direct materials used Direct materials cost per ton Current Year 490,00 13,500 $ 24 180 tons $ 3,250 26 $ 160 tons 3,375 Required: 1. Compute the partial financial productivity for both direct materials and direct labor for each of the 2 years. 2. Calculate ABC's combined direct labor and direct material productivity In units per dollar in each of the 2 years. (For all requirements, round your answers to 4 decimal places.) X Answer is complete but not entirely correct. 1. DM financial partial productivity DL financial partial productivity Prior Year 0.7407 1.5384 X 0.5000 Current Year 0.8376 1.5123 0.5390 2