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Basics of Productivity Measurement Holbrook Company gathered the following data for the past two years: Base Year Current Year 920,000 1,140,000 $15 $15 Output Output prices Input quantities: Materials (lbs.) Labor (hrs.) Input prices: Materials. Labor Required: 184,000 92,000 $5 $8 Materials productivity ratio Labor productivity ratio Holbrook Company Productivity Profile Base Year 1. Prepare a productivity profile for each year. If required, round your answers to two decimal places. 1,140,000 570,000 10 ✔ $6 $8 Current Year 1 ✔ 2.00

Basics of Productivity Measurement Holbrook Company gathered the following data for the past two years: Base Year Current Year 920,000 1,140,000 $15 $15 Output Output prices Input quantities: Materials (lbs.) Labor (hrs.) Input prices: Materials. Labor Required: 184,000 92,000 $5 $8 Materials productivity ratio Labor productivity ratio Holbrook Company Productivity Profile Base Year 1. Prepare a productivity profile for each year. If required, round your answers to two decimal places. 1,140,000 570,000 10 ✔ $6 $8 Current Year 1 ✔ 2.00

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Basics of Productivity Measurement Holbrook Company gathered the following data for the past two years: Base Year Current Year 1,140,000 920,000 $15 Output Output prices Input quantities: Materials (lbs.) Labor (hrs.) Input prices: Materials Labor Required: 184,000 92,000 Materials productivity ratio Labor productivity ratio Feedback $5 $8 Holbrook Company Productivity Profile Base Year 1. Prepare a productivity profile for each year. If required, round your answers to two decimal places. 5 10 1,140,000 570,000 $15 1 $6 $8 Current Year 2.00
Transcribed Image Text:Basics of Productivity Measurement Holbrook Company gathered the following data for the past two years: Base Year Current Year 1,140,000 920,000 $15 Output Output prices Input quantities: Materials (lbs.) Labor (hrs.) Input prices: Materials Labor Required: 184,000 92,000 Materials productivity ratio Labor productivity ratio Feedback $5 $8 Holbrook Company Productivity Profile Base Year 1. Prepare a productivity profile for each year. If required, round your answers to two decimal places. 5 10 1,140,000 570,000 $15 1 $6 $8 Current Year 2.00
2. Prepare partial income statements for each year. Sales Materials Labor Holbrook Company Partial Income Statements Base Year Gross profit Feedback Check My Work 13,800,000 920,000 736,000 12,144,000 Current Year 1,575,000 X 6,300,000 X 4,200,000 X 5,250,000 X Calculate the total change in income. If the change is negative, enter answer using a minus sign. -6,894,000 X 3. Calculate the change in profits attributable to productivity changes. If the change is negative, enter answer using a minus sign. If required, round your intermediate calculations to the nearest dollar. 4. Calculate the price-recovery component. If required, round your intermediate calculations to the nearest dollar.
Transcribed Image Text:2. Prepare partial income statements for each year. Sales Materials Labor Holbrook Company Partial Income Statements Base Year Gross profit Feedback Check My Work 13,800,000 920,000 736,000 12,144,000 Current Year 1,575,000 X 6,300,000 X 4,200,000 X 5,250,000 X Calculate the total change in income. If the change is negative, enter answer using a minus sign. -6,894,000 X 3. Calculate the change in profits attributable to productivity changes. If the change is negative, enter answer using a minus sign. If required, round your intermediate calculations to the nearest dollar. 4. Calculate the price-recovery component. If required, round your intermediate calculations to the nearest dollar.
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