Assignment on Productivity Measurement: To be submitted Problem 1: The following data are given for a small manufacturing firm: Previous year This year Value of the products $6,000,000 98,000 units $4.50 30,000 hours $20 per hour $500,000 $125,000 $6,500,000 110,000 units $5.00 26,000 hours $21 per hour $400,000 $150,000 Raw materials used Cost of materials per unit Labor hours used: Cost of labor Energy cost Other overhead costs (a) Determine partial productivity for labor for each year. (b) Determine multi-factor productivity for labor & materials for each year. (c) Determine the total factor productivity for each year. (d) Management would like to know the contribution of each input in determining the growth (or decline) in total factor productivity. Please prepare a worksheet to help management understand productivity changes for each factor input