George Kyparisis makes bowling balls in his Miami plant. Withrecent increases in his costs, he has a newfound interest inefficiency. George is interested in determining the productivity ofhis organization. He would like to know if his organization ismaintaining the manufacturing average of a 3% increase inproductivity. He has the following data representing a month fromlast 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
2%
per month
Energy (BTU)
3,000
2,850
$0.60
per BTU
The percent change in productivity for one month last yearversus one month this year on a multifactor basis with dollars asthe common denominator =
____%
(enter your
PayPal Gateway not configured
PayPal Gateway not configured