Question: 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
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. How much has Martin Manufacturing improved its productivity during the past year given the following data?
|
| Last Year | This Year |
| Output | 10,500 units | 12,100 units |
| Labour Hours | $2,400 | $3,750 |
| Utilities | $7,600 | $8,250 |
| Capital | $83,000 | $88,000 |
New Productivity - Old Productivity
Productivity Improvement= -------------------------------------------------------
Old Productivity
| a)Between 8.0% and 8.99% | ||
| b) | Between 7.0% and 7.99% | |
| c) | Between 5.00% and 5.99% | |
| D) | more than 9% | |
| E) | Between 6.0% and 6.99% |
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