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Question - Mixing Company manufactured 2,500 units of its only product during 2022. The inputs for this production are as follows:
550 pounds of Material A at a cost of $2.50 per pound
400 pounds of Material H at a cost of $3.75 per pound
700 direct labor hours at $60 per hour
The firm manufactured 3,300 units of the same product in 2021 with the following inputs:
700 pounds of Material A at a cost of $2.20 per pound
560 pounds of Material H at a cost of $3.50 per pound
600 direct labor hours at $58 per hour
Required - Determine the total productivity ratio in 2021?
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