Category Reference Period Review Period Quantity : Quantity : Production Value: Production volumes Revenues volumes (millions of (millions of (millions of units) Price ($) US$) units) Price ($) Value: Revenues (millions of US$) Outputs Widgets 20000,00 60,00 1.200.000,00 60,00 Tota 1.200.000,00 Expenses Inputs Expenses 20000,00 45,00 900.000,00 45,00 Labour Fixed Expenses 240.000,00 240.000,00 Total Input 1.140.000,00 240.000,00 Difference 60.000,00 120.000,00 a)Assume that next year (review period) management wants the company to earn a minimum profit of $120,000. How many units (X) will have to be sold to meet this target profit figure? (Hint: PRR, Productivity and profitability Ratio and Indexes in respect to Labor are fixed) b) What is the productivity Ratio in respect to Periods and their Index (show your work, to write a number is NOT enough!!!!) Productivity Ratio Reference Period Review Period Index Labour ii) Fixed Expenses ii) Total Input Category Reference Period Review Period Quantity : Quantity : Production Value: Production volumes Revenues volumes (millions of (millions of (millions of units) Price ($) US$) units) Price ($) Value: Revenues (millions of US$) Outputs Widgets 20000,00 60,00 1.200.000,00 60,00 Tota 1.200.000,00 Expenses Inputs Expenses 20000,00 45,00 900.000,00 45,00 Labour Fixed Expenses 240.000,00 240.000,00 Total Input 1.140.000,00 240.000,00 Difference 60.000,00 120.000,00 a)Assume that next year (review period) management wants the company to earn a minimum profit of $120,000. How many units (X) will have to be sold to meet this target profit figure? (Hint: PRR, Productivity and profitability Ratio and Indexes in respect to Labor are fixed) b) What is the productivity Ratio in respect to Periods and their Index (show your work, to write a number is NOT enough!!!!) Productivity Ratio Reference Period Review Period Index Labour ii) Fixed Expenses ii) Total Input