Exercise 1237 Productivity Measurement (LO 12-6 @) 1.62 1.70 402.07 385 3.27 01 4651 1.92 1.02 73 174 541 234 1.36 206. Managerial accounting procedures developed for the manufacturing industry often are applied in nonmanufacturing settings also. Ontario Bank and Trust Company's total output of financial services during the year just ended was valued at $10 million. The total cost of the firm's inputs, primarily direct labor and overhead, was $8 million. Required: 1. Compute Ontarios aggregate (or total) productivity for the year. 2. Do you believe this is a useful measure? Why? Suggest an alternative approach that Ontario Bank and Trust might use to measure productivity