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Im lost on 3 and 4 Basics of Productivity Measurement Holbrook Company gathered the following data for the past two years: Base Year Current Year
Im lost on 3 and 4
Basics of Productivity Measurement Holbrook Company gathered the following data for the past two years: Base Year Current Year 910,000 $15 1,110,000 $15 Output Output prices Input quantities: Materials (lbs.) Labor (hrs.) Input prices: Materials 182,000 91,000 1,110,000 555,000 $4 $5 Labor $8 $8 Required: 1. Prepare a productivity profile for each year. If required, round your answers to two decimal places. Current Year Holbrook Company Productivity Profile Base Year Materials productivity ratio Labor productivity ratio 10 5 1 2 2. Prenare nartial income statements for each vear also proucavity raro 2. Prepare partial income statements for each year. Holbrook Company Partial Income Statements Base Year Current Year 13,650,000 16,650,000 Sales Materials 728,000 5,550,000 4,440,000 Labor 728,000 Gross profit 12,194,000 6,660,000 Calculate the total change in income. If the change is negative, enter answer using a minus sign. -5,534,000 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 Step by Step Solution
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