1. Prepare the productivity part of the report for Mr. Richards. He probably expects some…

1. Prepare the productivity part of the report for Mr. Richards. He probably expects some analysis of productivity inputs for all factors, as well as a multifactor analysis for both years with the change in productivity (up or down) and the amount noted. 2. The producer price index had increased from 120 to 125, and this seemed to indicate to Mr. Richards that his costs were too high. What do you tell him are the implications of this change in the producer price index? 3. Management’s expectation for departments such as Mr. Richard’s is an annual productivity increase of 5%. Did he reach this goal?