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Using the Information Below, Determine the Productivity Measured as Output

Question 62

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Using the information below, determine the productivity measured as output per dollar input) for the each quarter and calculate the percentage change in productivity.
First QuarterSecond Quarter Total Units Sold 12,00011,500 Labor Hours 10,0009,500 Labor Cost/Hour $8.00$8.00 Material Usage lbs.) 6,0005,500 Material Cost/lb. $12.00$11.50 Other Costs $25.000$23.000\begin{array}{lrr}& \underline{\text {First Quarter}}& \underline{\text {Second Quarter}}\\\text { Total Units Sold } & 12,000 & 11,500 \\\text { Labor Hours } & 10,000 & 9,500 \\\text { Labor Cost/Hour } & \$ 8.00 & \$ 8.00 \\\text { Material Usage lbs.) } & 6,000 & 5,500 \\\text { Material Cost/lb. } & \$ 12.00 & \$ 11.50 \\\text { Other Costs } & \$ 25.000 & \$ 23.000\end{array}

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For the first quarter: total labor cost ...

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