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:
$$\begin{array} { | l | l | l | }
\hline & \text { Last Year } & \text { This Year } \
\hline \text { Output } & 10,500 \text { units } & 12,100 \text { units } \
\hline \text { Labour Hours } & 12,000 & 13,200 \
\hline \text { Utilities } & \$ 7,600 & \$ 8,250 \
\hline \text { Capital } & \$ 83,000 & \$ 88,000 \
\hline
\end{array}$$ Has Martin Manufacturing improved its productivity during the past year?

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:
 $$\begin{array} { | l | l | l | } 
\hline & \text { Last Year } & \text { This Year } \
\hline \text { Output } & 10,500 \text { units } & 12,100 \text { units } \
\hline \text { Labour Hours } & 12,000 & 13,200 \
\hline \text { Utilities } & \$ 7,600 & \$ 8,250 \
\hline \text { Capital } & \$ 83,000 & \$ 88,000 \
\hline
\end{array}$$ Has Martin Manufacturing improved its productivity during the past year?

Quizplus · Accepted Answer

The Answer of 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:
 $$\begin{array} { | l | l | l | } 
\hline & \text { Last Year } & \text { This Year } \
\hline \text { Output } & 10,500 \text { units } & 12,100 \text { units } \
\hline \text { Labour Hours } & 12,000 & 13,200 \
\hline \text { Utilities } & \$ 7,600 & \$ 8,250 \
\hline \text { Capital } & \$ 83,000 & \$ 88,000 \
\hline
\end{array}$$ Has Martin Manufacturing improved its productivity during the past year?

Martin Manufacturing Has Implemented Several Programs to Improve Its Productivity