Question
Fikile's Furnishers manufactures wooden tables for the local market. The production figures are shown in the table below: 2017 2018 2019 2020 Output 560 500
Fikile's Furnishers manufactures wooden tables for the local market. The production figures are shown in the table below:
2017 | 2018 | 2019 | 2020 | |
Output | 560 500 | 678 500 | 779 050 | 1 050 225 |
Number of workers employed | 25 | 30 | 46 | 55 |
Working hours per day | 7.5 | 7.5 | 7.5 | 9 |
Working days per annum | 240 | 245 | 250 | 260 |
Material cost (R's) | 125 000 | 175 000 | 250 000 | 400 000 |
2.1 Calculate the multifactor productivity for the years 2017 to 2020 for the above.
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Calculating Multifactor Productivity for Fikiles Furnishers Multifactor productivity measures the ef...
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
10th Edition
1119491630, 978-1119491637, 978-0470534793
