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Venice Textiles produces cloth. The inputs are fabric, labor, and overhead. Fragmentary productivity records from plant files for the last period show the following: Fabric

Venice Textiles produces cloth. The inputs are fabric, labor, and overhead. Fragmentary productivity records from plant files for the last period show the following:
Fabric price (per bolt) $ 30.00
Sales price (per bolt) $ 120.00
Sales revenue $ 2,160,000
Manufacturing overhead $ 510,000
Total factor productivity 1.60
Total labor costs $ 120,000
Required:
Determine the partial fabric (materials) productivity.

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