Basics of Productivity Measurement Holbrook Company gathered the following data for the past two years: Base Year Current Year Output 980,000 1,080,000 $14 $14 Output prices Input quantities: Materials (lbs.) Labor (hrs.) Input prices: 196,000 1,080,000 540,000 98,000 Materials $5 $6 Labor $8 $8 Required: 1. Prepare a productivity profile for each year. If required, round your answers to two decimal places. Holbrook Company Productivity Profile Base Year Current Year Materials productivity ratio Labor productivity ratio 2. Prepare partial income statements for each year. Holbrook Company Partial Income Statements Base Year Current Year Sales Materials Labor Gross profit Calculate the total change in income. If the change is negative, enter answer using a minus sign. 3. Calculate the change in profits attributable to productivity changes. If the change is negative, enter answer using a minus sign. If required, round your intermediate calculations to the nearest dollar. $ 4. Calculate the price-recovery component. If required, round your intermediate calculations to the nearest dollar