chegg in 20x2, choctaw company implements a new process affecting labor and materials. choctaw company provides the following information so that total productivity can be valued: 20x120x2 number of units produced540,000450,000 labor hours used180,000225,000 materials used (lbs.)2,700,0001,500,000 unit selling price$23$25 wages per labor hour$12$14 cost per pound of material$3.40$3.50 required: 1. calculate the cost of inputs in 20x2, assuming no productivity change from 20x1 to 20x2. if required, round your answers to the nearest dollar. cost of labor$fill in the blank 1 cost of materials fill in the blank 2 total pq cost$fill in the blank 3 2. calculate the actual cost of inputs for 20x2. if required, round your answers to the nearest dollar. cost of labor$fill in the blank 4 cost of materials fill in the blank 5 total current cost$fill in the blank 6 what is the net value of the productivity changes? if required, round your answers to the nearest dollar. $fill in the blank 7 how much profit change is attributable to each input's productivity change? if an item is negative, use a minus (-) sign to indicate. labor productivity change$fill in the blank 8 materials productivity change$fill in the blank 9 3. what if a manager wants to know how much of the total profit change from 20x1 to 20x2 is attributable to price recovery? calculate the total profit change. $fill in the blank 10 calculate the price-recovery component.