Siam Manufacturing has implemented several programs to improve its productivity. President and producer of Thai tea instant, has been able, with his current equipment, to produce 12,500 units this year and 10,500 units for last year. In this year, their product requires 13,200 labor hours, utilities of S8,250, and capital of $88,000 to process. For last year, their product requires 12,000 labor hours, utilities of $7,600, and capital of $83,000 to process. They have asked you to evaluate the firm's productivity by comparing this year's performance with last year's. Last year This Year Output 10,500 units 12,500 units Labor hours 12,000 13,2000 Utilities $7,600 $8,250 Capital $83,000 $88,000 what is the multi-factor percent change this year vs last year
Siam Manufacturing has implemented several programs to improve its productivity. President and producer of Thai tea instant, has been able, with his current equipment, to produce 12,500 units this year and 10,500 units for last year. In this year, their product requires 13,200 labor hours, utilities of S8,250, and capital of $88,000 to process. For last year, their product requires 12,000 labor hours, utilities of $7,600, and capital of $83,000 to process. They have asked you to evaluate the firm's productivity by comparing this year's performance with last year's.
Last year This Year
Output 10,500 units 12,500 units
Labor hours 12,000 13,2000
Utilities $7,600 $8,250
Capital $83,000 $88,000
what is the multi-factor percent change this year vs last year
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