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K Eric Lafleur makes billiard balls in his New Brunswick plant. With recent increases in his costs, he has a newfound interest in efficiency.
K Eric Lafleur makes billiard balls in his New Brunswick plant. With recent increases in his costs, he has a newfound interest in efficiency. Eric is interested in determining the productivity of his organization. He would like to know if his organization is maintaining an increase in productivity. He has the following data representing a month from last year and an equivalent month this year: Last Year Now Cost Per Input Unit Units Produced Labour (hours) 1,000 1,000 280 255 $12 per hour Resin (kilograms) 24 19 $10 per kg Capital Invested ($) Energy (BTU) 9,000 10,000 2,900 2,750 1% per month $0.50 per BTU Show the percent change in productivity for one month last year versus one month this year on a multifactor basis with dollars as the common denominator. The percent change in multifactor productivity for one month last year versus one month this year = % (enter your response as a percentage rounded to two decimal places)
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