Information about Baley inc. is as follows:

2019 2020

Number of units produced 120,000 126,000

Labor hours used 4,800 4,875

Material used (pounds) 6,000 6,400

Unit selling price $25.00 $25.00

Wages per labor hour $ 7.00 $ 7.50

Cost per pound of material $ 5.50 $ 5.50

Required: Show all work

1. Calculate the labor productivity ratio and the material productivity ratio for 2019 (round your answers to two decimal places).
2. Calculate the labor productivity ratio and the material productivity ratio for 2020 (round your answers to two decimal places).
3. Based on the ratios, did overall productivity improve? Explain your answer.
4. What is the total change in profit from 2019 to 2020? (round all calculations to the nearest whole dollar)
5. How much of the profit change is due to a change in productivity? Show the profit change due to productivity for each input.