Martin Manufacturing has implemented several programs to improve its productivity. They have asked you to evaluate the firm's productivity by comparing this year's performance with last year's
The following data are available:
Last Year This Year
Output 10,500 units 12,100 units
Labor Hours 12,000 13,200
Utilities $7,600 $8,250
Capital $83,000 $88,000
Has Martin Manufacturing improved its productivity during the past year?
Productivity improved in all three categories this year; utilities showed the greatest increase, and labor the least.
Resource Last Year This Year Change Pct. Change
Labor 10500 / 12000 = 0.88 12100 / 13200 = 0.92 0.04 4.55%
Utilities 10500 / 83000 = 0.13 12100 / 88000 = 0.14 0.01 7.69%
Capital 10500 / 7600 = 1.38 12100 / 8250 = 1.47 0.09 6.52%
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