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. The following data are available:
Has Martin Manufacturing improved its productivity during the past year?
Output
Labour Hours
Utilities
Capital
Labour
Capital
Utilities
Last Year
23,000 units
11,000
$5,400
$63,000
Last Year
This Year
36,100 units
18,700
$6,250
$68,000
Resource
This Year
Change
Pct. Change
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