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Question content area Part 1 George Kyparisis makes bowling balls in his Miami plant. With recent increases in his costs, he has a newfound interest
Question content area Part 1 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:
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 here%
(enter your response as a percentage rounded to two decimal places).
\begin{tabular}{lccc} \hline & Last Year & Now & Cost Per Input Unit \\ \hline Units Produced & 1,200 & 1,200 & \\ Labor (hours) & 300 & 275 & $12 per hour \\ Resin (pounds) & 48 & 43 & $6 per pound \\ Capital Invested (\$) & 9,000 & 10,000 & 1% per month \\ Energy (BTU) & 3,000 & 2,850 & $0.50 per BTU \\ \hline \end{tabular}Step by Step Solution
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