Gammaro Company manufactures wallets from fabric. In 2019, Gammaro made 2,665,000 wallets using 1,625,000 yards of fabric. In 2019, Gammaro has capacity to make 3,510,000 wallets and incurs a cost of $8,775,000 for this capacity. In 2020, Gammaro plans to make 2,878,200 wallets, make fabric use more efficient, and reduce capacity. Suppose that in 2020 Gammaro makes 2,878,200 wallets, uses 1,998,750 yards of fabric, and reduces capacity to 2,767,500 wallets at a cost of $8,025,750. Read the requirements. Requirement 1. Calculate the partial-productivity ratios for materials and conversion (capacity costs) for 2020, and compare them to a benchmark for 2019 calculated based on 2020 output. To assist you, use the popup to identify the various components of the formulas. (Click to view the components you will use in your formulas.) Begin by determining the formula for the direct materials partial-productivity ratio in 2020, then complete the calculation. (Round the ratio to three decimal places.) = 2020 Direct materials partial productivity wallets per yard Next determine the formula for the conversion costs partial-productivity ratio in 2020, then complete the calculation. (Round the ratio to three decimal places.) 2020 Conversion costs partial productivity = wallets per unit of capacity Now determine the formula for the direct materials (DM) partial-productivity ratio that will be used as a benchmark for 2019, then calculate the ratio. (Abbreviation used: dm = direct materials. Round the ratio to three decimal places.) = 2019 based on 2020 DM partial productivity = wallets per yard