Using the Information Provided in the Table Below, Determine the Percentage

question 20

Essay

Using the information provided in the table below, determine the percentage change in productivity from 2009 to 2010. $\begin{array}{|l|l|l|l|}\hline & & \underline{2009} & \underline{2010} \\\hline \text { OUTPUTS } & & & \\\hline & \text { Units } & 110,000 & 150,000 \\\hline \text { INPUTS } & & & \\\hline & \text { Direct Labor Costs } & \$ 250,000 & \$ 310,000 \\\hline & \text { Energy Cost } & \$ 6,000 & \$ 5,800 \\\hline & \text { Raw Material Cost } & \$ 40,000 & \$ 42,000\\\hline \end{array}$

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Definitions:

Bailment

A legal relationship where physical possession of personal property is transferred from one person to another under the agreement that the property will be returned.

Ordinary Care

The level of care that a reasonably prudent person would exercise in a similar situation to prevent harm.

Damaged

Refers to the physical harm or deterioration suffered by goods, property, or reputation.

Lawnmower

A machine equipped with blades for cutting grass on lawns.