Information About Bodacious Corporation Is as Follows What Is the Labor Productivity Ratio for 2018?
A)22

question 65

Multiple Choice

Information about Bodacious Corporation is as follows: $\begin{array}{lcr}&2018&2019\\\text { Output (units) } & 120,000 & 126,000 \\\text { Selling price per unit } & \$ 25 & \$ 25\\\\\text { Input quantities: }\\\text { Materials (pounds) }&6,000&6,000\\\text { Labor (hours) }&4,800&4,825\\\\\text { Input prices: }\\\text { Materials (per pound) }&\$5.00&\$5.50\\\text { Labor (per hour) }&\$7.00&\$7.50\end{array}$ What is the labor productivity ratio for 2018?

• A)22.84
• B)24.80
• C)24.00
• D)25.00

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Definitions:

Divisible

Capable of being divided or separated into smaller parts without leaving a remainder.

Conditional Probability

The chance of a specific event happening when it is known that another event has occurred.

Multiplication Law

A principle used in probability that determines the likelihood of two independent events occurring together.

Addition Law

In probability, the rule that calculates the probability of the occurrence of at least one of two events.