Martin Manufacturing has implemented several programs to improve its productivit
ID: 451081 • Letter: M
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 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?
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
Explanation / Answer
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%
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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