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Productivity Question (3 marks) We have gathered the following information from one of our other businesses. The following data represents a month from last year
Productivity Question (3 marks)
We have gathered the following information from one of our other businesses. The following data represents a month from last year at this time.
Units produced | Labour Hours | Capital Invested ($) | Energy (BTU) |
1,000 | 300 | $10,000 | 3,000 |
We are interested in determining the productivity so that we can use this as a preliminary benchmark.Determine the labour productivity and the multifactor productivity using labour costs at $15 per hour and energy costs at $0.45 per BTU.
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