Information About Taekwondo Corporation Is as Follows What Is the Labor Productivity Ratio for 2018?
A)12

question 61

Multiple Choice

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

• A)12.5
• B)8.0
• C)10.0
• D)6.0

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Definitions:

Cash Collections

The process of gathering and managing payments received from customers or clients.

Sales

The total amount of a company's revenues earned from selling goods or services over a certain period of time.

Cost of Goods Sold

Cost of Goods Sold (COGS) indicates the direct costs attributable to the production of the goods sold by a company, including material and labor expenses.

Sales

The total income a company generates from selling goods or services before any expenses are subtracted.