Profit-Linked Productivity Measurement In 20x2, Choctaw Company implements a new process affecting labor and materials Choctaw Company provides the following information so that total productivity can be valued 20x1 20x2 540,000 Number of units produced Labor hours used Materials used (lbs.) Unit selling price Wages per labor hour Cost per pound of material Required 1. Calculate the cost of inputs in 20x2, assuming no productivity change from 20x1 to 20x2. If required, round your answers to the nearest dollar Cost of labor Cost of materials Total PQ cost 450,000 225,000 2,700,000 1,500,000 $26 $14 $3.70 180,000 $24 $12 $3.60