Answer:
25.09%
Step-by-step explanation:
To calculate the forecasted percentage change in labor productivity, we need to compare the wine production per worker for the two years.
Last year, Planet of the Grapes produced 59,955 liters of wine with 5 staff. Therefore, the labor productivity for that year was:
Labor productivity = Total wine production / Number of staff
Labor productivity = 59,955 liters / 5 staff
Labor productivity = 11,991 liters per staff
This year, the company employed 3 more workers, so the total number of staff is 5 + 3 = 8. The forecasted wine production for this year is 120,000 liters. Therefore, the labor productivity for this year is:
Labor productivity = Total wine production / Number of staff
Labor productivity = 120,000 liters / 8 staff
Labor productivity = 15,000 liters per staff
To calculate the percentage change in labor productivity, we can use the following formula:
Percentage change = ((New value - Old value) / Old value) * 100
Percentage change = ((15,000 - 11,991) / 11,991) * 100
Percentage change = (3,009 / 11,991) * 100
Percentage change ≈ 25.09%
Therefore, the forecasted percentage change in labor productivity for Planet of the Grapes is approximately 25.09%.
