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Information About Taekwondo Corporation Is as Follows What Is the Labor Productivity Ratio for 2018?
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Information about Taekwondo Corporation is as follows: 20182019 Output (units)  14,00015,000 Selling price per unit $16$16 Input quantities:  Materials (pounds)  1,7501,900 Labor (hours)  1,4001,525 Input prices:  Materials (per pound)  $3$4 Labor (per hour)  $6$7\begin{array}{lcr}&2018&2019\\\text { Output (units) } & 14,000 & 15,000 \\\text { Selling price per unit } & \$ 16 & \$ 16\\\\\text { Input quantities: }\\\text { Materials (pounds) }&1,750&1,900\\\text { Labor (hours) }&1,400&1,525\\\\\text { Input prices: }\\\text { Materials (per pound) }&\$3&\$4\\\text { Labor (per hour) }&\$6&\$7\end{array} What is the labor productivity ratio for 2018?

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Definitions:

Unit Sales Price

The cost at which a single unit of product is sold, often utilized in pricing strategies and financial planning.

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