Included in Oriole Company's balance sheet at June 30, 2021, is a 10%, $4,100,000 note payable. The note is dated October 1, 201
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Labour Productivity is basically the worth of goods produced by each labour or collectively in an hour, This can be expressed in the formula below:
Labour Productivity per hour of work=
In order to find worth of goods we shall use below Formula:
Worth of Goods= Sale Price per Unit*Number of Units Sold
In given case there are 2 types of goods sold as below
1. Proper Garments
Worth of Goods Sold= $210*78 Garments
Worth of Goods Sold=$16380
2. Seconds
Worth of Goods Sold= $100*54
Worth of Goods Sold= $5400
Total Goods Sold= $5400+$16380
Total Worth of Goods=$21780
Total Hours Worked= No of Workers*Hours Worked each Worker
Total Hours Worked= 8*45
Total Hours Worked=360 Hours
Labour Productivity=
Labour Productivity=$60.5 per Hour