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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 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 a. What is the percent change in Labor productivity? b. What is the percent change in Resin productivity? c. What is the percent change in Capital investment? d. What is the percent change in Energy? % % % 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? f. What is it now? g. What is the percent change % h. From a multi-factor perspective, did George meet the overall goal of realizing a 3% increase
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