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. This Year Last Year 10,500 units $12,000 $7,600 $83,000 Output 12,100 units Labor $13,200 $8,250 $88,000 Utilities Capital a. What is the percent change in labor productivity this year vs. last year? 7.69% b. What is the percent change in utilities productivity this year vs. last year? 6.52% c. What is the percent change in capital investment's productivity this year vs. last? ( Select) d. What is the overall multi-factor productivity for last year? ( Select] e. What is the overall multi-factor productivity this year? [ Select] f. What is the multi-factor percent change this year vs. last year? ( Select]
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. This Year Last Year 10,500 units $12,000 $7,600 $83,000 Output 12,100 units Labor $13,200 $8,250 $88,000 Utilities Capital a. What is the percent change in labor productivity this year vs. last year? 7.69% b. What is the percent change in utilities productivity this year vs. last year? 6.52% c. What is the percent change in capital investment's productivity this year vs. last? ( Select) d. What is the overall multi-factor productivity for last year? ( Select] e. What is the overall multi-factor productivity this year? [ Select] f. What is the multi-factor percent change this year vs. last year? ( Select]
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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![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
$12,000
$7,600
$83,000
$13,200
Utilities
$8,250
Capital
$88,000
a. What is the percent change in labor productivity this year vs. last year?
7.69%
b. What is the percent change in utilities productivity this year vs. last year?
6.52%
c. What is the percent change in capital investment's productivity this year vs. last?
[ Select ]
d. What is the overall multi-factor productivity for last year? [ Select]
e. What is the overall multi-factor productivity this year? [Select]
f. What is the multi-factor percent change this year vs. last year? ( Select]
>](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8f37e1d7-bf93-492a-b47b-5f12dd739490%2F97db405b-5cdc-4b05-850a-e1d4ae296d43%2Fljlokuc.png&w=3840&q=75)
Transcribed Image Text: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
$12,000
$7,600
$83,000
$13,200
Utilities
$8,250
Capital
$88,000
a. What is the percent change in labor productivity this year vs. last year?
7.69%
b. What is the percent change in utilities productivity this year vs. last year?
6.52%
c. What is the percent change in capital investment's productivity this year vs. last?
[ Select ]
d. What is the overall multi-factor productivity for last year? [ Select]
e. What is the overall multi-factor productivity this year? [Select]
f. What is the multi-factor percent change this year vs. last year? ( Select]
>
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