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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
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 $21 million. The total cost of the firm's inputs, primarily direct labor and overhead, was $20 million Required: 1. Compute Ontario's aggregate (or total) productivity for the year. 2-a. Is this is a useful measure? 2-b. Identify the measures that capture the important determinants of the bank's productivity. Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Compute Ontario's aggregate (or total) productivity for the year. (Round your answer to 2 decimal places.) Aggregate productivity
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