Using the Information Below, Determine the Productivity (Measured as Output

Essay

Using the information below, determine the productivity (measured as output per dollar input) for each quarter and calculate the percentage change in productivity. $\begin{array}{|l|l|l|}\hline & \text { First Quarter } & \text { Second Quarter } \\\hline \text { Total Units Sold } & 12,000 & 11,500 \\\hline & & \\\hline \text { Labor Hours } & 10,000 & 9,500 \\\hline \text { Labor Cost/Hour } & \$ 8.00 & \$ 8.00 \\\hline & & \\\hline \text { Material Usage (lbs.) } & 6,000 & 5,500 \\\hline \text { Material Cost/lb. } & \$ 12.00 & \$ 11.50 \\\hline & & \\\hline \text { Other Costs } & \$ 25,000 & \$ 23,000\\\hline\end{array}$