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Calculate the multifactor productivity

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Reference no: EM132962385

Fikile's Furnishers manufactures wooden tables for the local market. The production figures are shown in the table below:

2017 2018 2019 2020

Output 560,500.00 678,500.00 779,050.00 1,050,225.00

No 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) 125,000.00 175,000.00 250,000.00 400,000.00

2.1 Calculate the multifactor productivity for the years 2017 to 2020 for the above.
2.2 Analyse the multifactor productivity and advise Fikile on the state of his operations.
2.3 What should Fikile's Furnishers do to improve productivity.

 

Reference no: EM132962385

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