Part I Productivity Problem George 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. Last Year Now Units produced 1000 1000 Labor (hours) 300 275 Resin (pounds) 50 45 Capital invested ($) 10000 11000 Energy (BTU) 3000 2850 1. Show this year's the productivity for labor hours. (10pts) 2. Determine the productivity percentage change (improvement) for labor-hours. (5 pts) 3. If George's costs are as follows: Labor: $10 per hour Resin: $5 per pound Capital expense: 1% per month of investment Energy: $.50 per BTU Show 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. (10 pts)