Consider the Following Information AWhich Quarter, First or Second, Had the Higher Labor Productivity

question 84

Essay

Consider the following information. $\begin{array}{|l|c|c|}\hline & \text { First Quarter } & \text { Second Quarter } \\\hline \text { Unit Selling Price } & \$ 15.00 & \$ 17.00 \\\hline \text { Total Units Sold } & 12,000 & 11,500 \\\hline\\\hline \text { Labor Hours } & 10,000 & 9,500 \\\hline \text { Labor Cost/Hour } & \$ 9.00 & \$ 10.00 \\\hline\\\hline \text { Material Usage (Ibs.) } & 5,000 & 7,500 \\\hline \text { Material Cost/lb. } & \$ 12.00 & \$ 10.50 \\\hline\\\hline \text { Other Costs } & & \$ 25,000 \\\hline\end{array}$

a.Which quarter, first or second, had the higher labor productivity (output quantity per labor dollar input)?
b.Which quarter, first or second, had the higher material productivity (output quantity per material dollar input)?
c.Which quarter, first or second, had the higher total productivity (dollar output per total dollar input)?

---

Definitions:

Housing Prices

Housing prices refer to the cost of purchasing residential properties, which can fluctuate based on market demand, location, size, and other factors.

Housing Crises

A situation characterized by a significant lack of affordable housing, often leading to increased homelessness and housing insecurity.

Fundamentals

In finance, fundamentals refer to the qualitative and quantitative information that underpins the economic value or financial health of a company.

Financial Advisor

A professional who provides financial guidance to clients based on their needs and goals, often relating to investments, insurance, estate planning, and retirement.