At the end of 2011, Gilley Company implemented a new labor process and redesigned its product with the expectation that input usage efficiency would increase.Now, at the end of 2012, the president of the company wants an assessment of the changes on the company's productivity.The data needed for the assessment are as follows:
-What is the total change in profits from 2011 to 2012?

Question

At the end of 2011, Gilley Company implemented a new labor process and redesigned its product with the expectation that input usage efficiency would increase.Now, at the end of 2012, the president of the company wants an assessment of the changes on the company's productivity.The data needed for the assessment are as follows:  
-What is the total change in profits from 2011 to 2012?

Quizplus · Accepted Answer

The total change in profits from 2011 to 2012 is $33,300. This is calculated by subtracting the profits in 2011 ($210,000) from the profits in 2012 ($243,300).

At the End of 2011, Gilley Company Implemented a New