If Inputs Increase by 6% and Outputs Increase by 24

question 95

Multiple Choice

If inputs increase by 6% and outputs increase by 24%, what is the percentage productivity increase?

• A) 400.00%
• B) 16.98%
• C) 0.25%
• D) 4.00%
• E) 18.00%

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Definitions:

Closing Inventory

The quantity and value of stock on hand at the end of an accounting period.

Direct Material

Raw materials that can be directly attributed to the production of goods.

Finished Products

Goods that have completed the manufacturing process and are ready for sale.

Beginning Inventory

The value of goods available for sale at the start of an accounting period.