Question
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
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 a 3% 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 unit | |
United Produced | 1,200 | 1,200 | |
Labor (hours) | 280 | 255 | $12 per hour |
Resin (pounds) | 48 | 43 | $6 per hour |
Capital Invested ($) | 9,000 | 10,000 | 1% per month |
Energy (BTU) | 3,000 | 2,850 | $0.50 per BTU |
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 = ?
(enter your response as a percentage rounded to two decimal places).
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