Multifactor Productivity

Various financial data for the past two years for XYZ Industries is below. Calculate the Multifactor productivity ratio and enter the $\%$ change from last year to this year.

Last Year This Year $\%$ Change

Output: Volume $($# units$)35,00050,000$

$ Price $/$ Unit $$18\mathrm{.}00$ $$18\mathrm{.}20$

Input: Labor hours $/$ unit $0\mathrm{.}20\mathrm{.}15$

Labor $ cost $/$ hour $$24$ $$24$

Raw material $ cost $/$ unit $$6\mathrm{.}00$ $$6\mathrm{.}20$

Overhead $$40,000$ $$50,000$

Labor Productivity

Multifactor Productivity