George Kyparisis makes bowling balls in his Miami plant. With recent increases in his costs, he has a newfound interest in efficiency. George is interested in determining the productivity of his organization. He would like to know if his organization is maintaining the manufacturing average of 3% increase in productivity per year? He has the following data representing a month from last year and an equivalent month this year (listed below) Show the productivity percentage change for each category using the following cost data and table information Labor: $15 per hour Resin: $5 per pound Capital expense: 1% per month of investment Energy: $0.50 per BTU Last Year Now Units Produced 1000 1000 Labor 300 Resin 50 275 45 Capital Invested 10000 11000 Energy 3000 2850 a. What is the percent change in Labor productivity? [Select] % b. What is the percent change in Resin productivity? [Select] % c. What is the percent change in Capital investment? [Select] d. What is the percent change in Energy? [Select] % % Now show the percent change in productivity for one month last year versus one month this year, on a multi-factor basis. e. What is last year? [Select] f. What is it now? [Select] g. What is the percent change [Select] % h. From a multi-factor perspective, did George meet the overall goal of realizing a 3% increase? [Select] The Dulac Box plant produces wooden packing boxes to be used in the local seafood industry. Current operations allow the company to make 500 boxes per day, in two 8-hour shifts (250 boxes per shift). The company has introduced some moderate changes in equipment, and conducted appropriate job training, so that production levels have risen to 300 boxes per shift. Labor costs average $10 per hour for each of the 5 full-time workers on each shift. Capital costs were previously $3,000 per day, and rose to $3,200 per day with the equipment modifications. Energy costs were unchanged by the modifications, at $400 per day. a. What is the firm's current multi-factor productivity? [Select] b. What is the firm's multi-factor productivity after the changes? [Select] c. What is the percent change? [Select] % Mark's Ceramics spent $4000 on a new kiln last year in the belief that it would cut annual energy usage 25% over the old kiln. This kiln is an oven that turns "greenware" into finished pottery. Mark is concerned that the new kiln requires extra labor hours for its operation. Mark wants to check the energy savings of the new oven, and also to look over other measures of their productivity to see if the change really was beneficial. Mark has the following data to work with: Production (finished units) Greenware (pounds) Labor (hours) Capital ($) Energy (kWh) a. What is the percent change for each factor: Greenware? [Select] % Labor? [Select] % Capital [Select] % Energy [Select] % b. What is the multi-factor productivity in terms of ratio for last year? [Select] c. What is the multi-factor productivity in terms of ratio for this year? [Select] d. What is the percent change? [Select] e. Were the modifications beneficial? [Select] Last Year 4000 5000 350 15000 3000 This Year 4000 5000 375 19000 2600