Basics of Productivity Measurement Holbrook Company gathered the following data for the past two years: Base Year Current Year Output 910,000 1,110,000 Output prices $15 $15 Input quantities: Materials (Ibs.) 182,000 1,110,000 Labor (hrs.) 91,000 sE5,000 Input prices: Materials $4 $5 Labor $8 $8 Required: 1. Prepare a productivity profile for each year. If required, round your answers to two decimal places. Holbrook Company Productivity Profile Base Year Current Year Materials productivity ratio 5. Labor productivity ratio 10 2. Prenare nartial income statements for each vear
Basics of Productivity Measurement Holbrook Company gathered the following data for the past two years: Base Year Current Year Output 910,000 1,110,000 Output prices $15 $15 Input quantities: Materials (Ibs.) 182,000 1,110,000 Labor (hrs.) 91,000 sE5,000 Input prices: Materials $4 $5 Labor $8 $8 Required: 1. Prepare a productivity profile for each year. If required, round your answers to two decimal places. Holbrook Company Productivity Profile Base Year Current Year Materials productivity ratio 5. Labor productivity ratio 10 2. Prenare nartial income statements for each vear
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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![Basics of Productivity Measurement
Holbrook Company gathered the following data for the past two years:
Base Year
Current Year
Output
910,000
1,110,000
Output prices
$15
$15
Input quantities:
Materials (Ibs.)
182,000
1,110,000
Labor (hrs.)
91,000
st5,000
Input prices:
Materials
$4
$5
Labor
$8
$8
Required:
1. Prepare a productivity profile for each year. If required, round your answers to two decimal places.
Holbrook Company
Productivity Profile
Base Year
Current Year
Materials productivity ratio
5.
Labor productivity ratio
10
2. Prenare nartial income statements for each vear](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa5d8e50c-1788-459d-9c28-fe6f3696621b%2F7fde6135-1989-4f8c-8208-94aa47256c5b%2Fk5w478m_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Basics of Productivity Measurement
Holbrook Company gathered the following data for the past two years:
Base Year
Current Year
Output
910,000
1,110,000
Output prices
$15
$15
Input quantities:
Materials (Ibs.)
182,000
1,110,000
Labor (hrs.)
91,000
st5,000
Input prices:
Materials
$4
$5
Labor
$8
$8
Required:
1. Prepare a productivity profile for each year. If required, round your answers to two decimal places.
Holbrook Company
Productivity Profile
Base Year
Current Year
Materials productivity ratio
5.
Labor productivity ratio
10
2. Prenare nartial income statements for each vear
![Labor prouucaviy rato
2. Prepare partial income statements for each year.
Holbrook Company
Partial Income Statements
Base Year
Current Year
Sales
13,650,000
16,650,000
Materials
728,000
5,550,000
Labor
728,000
4,440,000
Gross profit
12,194,000
6,660,000
Calculate the total change in income. If the change is negative, enter answer using a minus sign.
-5,534,000
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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa5d8e50c-1788-459d-9c28-fe6f3696621b%2F7fde6135-1989-4f8c-8208-94aa47256c5b%2Fbc8fwyd_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Labor prouucaviy rato
2. Prepare partial income statements for each year.
Holbrook Company
Partial Income Statements
Base Year
Current Year
Sales
13,650,000
16,650,000
Materials
728,000
5,550,000
Labor
728,000
4,440,000
Gross profit
12,194,000
6,660,000
Calculate the total change in income. If the change is negative, enter answer using a minus sign.
-5,534,000
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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