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Profit-Linked Productivity Measurement In 20x4, Choctaw Company implements a new process affecting labor and materials. Choctaw Company provides the following information so that total productivity
Profit-Linked Productivity Measurement
In 20x4, Choctaw Company implements a new process affecting labor and materials.
Choctaw Company provides the following information so that total productivity can be valued:
20x3 | 20x4 | |
Number of units produced | 570,000 | 480,000 |
Labor hours used | 190,000 | 240,000 |
Materials used (lbs.) | 2,850,000 | 1,600,000 |
Unit selling price | $23 | $25 |
Wages per labor hour | $15 | $17 |
Cost per pound of material | $3.40 | $3.50 |
Calculate the cost of inputs in 20x4, assuming no productivity change from 20x3 to 20x4 If required, round your answers to the nearest dollar.
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