[SOLVED]A productivity index of 110% means that a company’s labor costs would have been 10% higher if it had not made production impr[]ovements
A productivity index of 110% means that a company’s labor costs would have been 10% higher if it had not made production improvements. Now refer to the Income Statement in Chester's Annual Report. The direct labor costs for Chester were $32,611. These labor costs could have been $20,000 higher if investments in training that increased productivity had not been made. What was the productivity index for Chester that led to such savings?
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- 161.3%
- 155.2%
- 38.7%
- 44.8%
