Consider the Following Information A Which Quarter, First or Second, Had the Higher Labor

question 58

Essay

Consider the following information.
$$\begin{array} { l c c} & \text { First Quarter } & \text { Second Quarter } \\ \begin{array} { l } \text { Unit Selling Price } \\\text { Total Units Sold }\end{array} & \begin{array} { l } \$ 15.00 \\12,000\end{array} & \begin{array} { l } \$ 17.00 \\11.500\end{array} \\\\ \begin{array} { l } \text { Labor Hours } \\\text { Labor Cost/How }\end{array} & \begin{array} { l } 10,000 \\\$8.00\end{array} & \begin{array} { l } 9,500 \\\$ 8.00\end{array} \\\\ \begin{array} { l } \text { Material Usage lbs.) } \\\text { Material Cost/lb. }\end{array} & \begin{array} { r } 6,000 \\\$ 12.00\end{array} & \begin{array} { r } 5,500 \\\$ 11.50\end{array} \\\\ \text {Other Costs } & \$ 25,000 & \$ 23,000 \\\end{array}$$
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)?

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Definitions:

Supply

The total amount of a good or service available for purchase at any given price level in a given market.

Price

The amount of money required to purchase a good or service, determined by factors such as supply and demand, production costs, and market competition.

Coal Miners

Individuals and companies engaged in the extraction of coal from the earth.

Environmental Laws

Regulations and standards aimed at preserving and protecting the environment from harmful practices or pollutants, promoting sustainability.