Aproductivity 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 $32,680. 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?

161.1%

Explanation:

Given that,

Direct labor costs for Chester = $32,680

Labor costs could have been $20,000 higher

Productivity index shows the ratio between the labor costs with improvements and labor costs without improvement in production.

Productivity Index =

                              =

                              = 161.1%

answer; (b) insider trading;

the correct answer is:

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