Answer:
3.69
Explanation:
We know,
The productivity in sales revenue/labor expense = [tex]\frac{sales revenue}{labor expense}[/tex]
Given,
Sales revenue = Units sold × Sale price per unit
Sales revenue = 1,217 units × $1,700
Sales revenue = $2,068,900
labor expense = Total labor hours × wage rate per hour
labor expense = 46,672 × $12
labor expense = $560,064
Putting the values into the formula, We can get,
The productivity in sales revenue/labor expense = [tex]\frac{2,068,900}{560,064}[/tex]
The productivity in sales revenue/labor expense = 3.69
