By end of the 1980s, the company was manufacturing residential, commercial and industrial generators, and in 1989, Generac introduced the first gaseous-fueled automatic home standby system. In 1992, Generac began private labeling generator sets for Caterpillar, Inc.
Elements of the Productivity Ratio. The labor productivity ratio, in its simplest form, looks like this: output/input. Simply divide the amount of output you're getting by the amount of work you're putting into it. This requires you to assign numbers to both input and output so that you get a meaningful figure.
The difference is you multiply the factor times the raw item food cost plus the direct labor associated with producing that item Prime Cost Factor = 100/desired Prime Cost % Prime Cost Method = Prime Cost Factor * (Raw item food cost + direct labor cost) You can use the same short cut for the Prime Cost method that you can for the Factor Method.