Answer:
The productivity in sales revenue/labor expense=3.13
Explanation:
Given Data:
Units sold=1,216 units
Price of each unit=$1,700
Total labor hours=47,172
wage rate=$14/hour
Total material=$61,150
Total energy=$4,005
Required:
The productivity in sales revenue/labor expense=?
Solution:
Formula;
The productivity in sales revenue/labor expense=[tex]\frac{Units\ Sold*Price\ of\ each\ unit}{Total\ labor\ hours*wage\ rate}[/tex]
The productivity in sales revenue/labor expense=[tex]\frac{1,216*\$1700}{47,172*\$14}[/tex]
The productivity in sales revenue/labor expense=3.13
