Problem 2-15 (Algo) Sailmaster makes high-performance sails for competitive windsurfers. Below is information about the inputs and outputs for one model, the Windy 2000. Units sold 1,216 Sale price each $ 1,700 Total labor hours 47,172 Wage rate $ 14 /hour Total materials $ 61,150 Total energy $ 4,005 Calculate the productivity in sales revenue/labor expense. (Round your answer to 2 decimal places.)

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=

The productivity in sales revenue/labor expense=

The productivity in sales revenue/labor expense=3.13