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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 Input Unit Units Produced 1,000 1,000 Labor (hours) 280 255 $10 per hour Resin (pounds) 48 43 $6 per pound Capital Invested ($) 10,000 11,000 1% per month Energy (BTU) 2,900 2,750 $0.60 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). 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 Input Unit Units Produced 1,000 1,000 Labor (hours) 280 255 $10 per hour Resin (pounds) 48 43 $6 per pound Capital Invested ($) 10,000 11,000 1% per month Energy (BTU) 2,900 2,750 $0.60 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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