P2a. Various financial data for the past two years follow. Calculate theproductivity ratios and enter the % change (round to one decimal place) fromlast year to this year.Output:Inputs:Volume (# units)$ Price / unitLabor hours / unitLabor $ cost / hourRaw material $ cost/unitOverheadLabor Productivity(round to one decimalplace)MultifactorProductivity(round to one decimalplace)Last Year This Year35,000$18.000.2$24$6.00$40,00050,000$18.200.15$24$6.20$50,000% Change

The output data is volume in terms of units and price per unit, The input data is labor hours per…

Answered: Labor Productivity (round to one…

Marketing

20th Edition

ISBN:9780357033791

Author:Pride, William M

Publisher:Pride, William M

Chapter19: Pricing Concepts

Section: Chapter Questions

Problem 6DRQ

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Labor Productivity (round to one decimal place) Multifactor Productivity (round to one decimal place)