Please answer 1.7 problem solving and show solution.NOTE: 1.6 problem is just a reference as requirement of 1.7 problem. Thanks 1.6 Eric Johnson makes billiard bails in his New Englandplant. With recent increases in his costs, he has a newfound interestin efficiency. Eric is interested in deterrnining the productivity of hisorganization. He would like to know if his organization is maintain-ing the manufacturing average of 3% increase in productivity. Hehas the following data representing a month from last year and anequivalent month this year:Last YearNow1,000Units producedLabor (hours)Resin (pounds).Capital invested ($)Energy (BTU)1.0002753005010,0003,000: 4511,0002,850Show the productivity percentage change for each category andthen determine the improvement for labor-bours, the typical stan-dard for comparison.1.7 Eric Johnson (using data from Problem 1.6) determineshis costs to be as follows:• Labor:$10 per hour$5 per poundResin:Capital expense:Energy:Show the percent change in productivity for one month last yearversus one month this year, on a multifactor basis with dollars as thecommon denominator. Px1% per month of investment$.50 per BTU.

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1.7 Eric Johnson (using data from Problem 1.6) determines is costs to be as follows: $10 per hour $5 per pound Labor: Resin: Capital expense: Energy: how the percent change in productivity for one month last year ersus one month this year, on a multifactor basis with dollars as the nmmon denominator Par 1% per month of investment $.50 per BTU.

1.7 Eric Johnson (using data from Problem 1.6) determines is costs to be as follows: $10 per hour $5 per pound Labor: Resin: Capital expense: Energy: how the percent change in productivity for one month last year ersus one month this year, on a multifactor basis with dollars as the nmmon denominator Par 1% per month of investment $.50 per BTU.

Management, Loose-Leaf Version

13th Edition

ISBN:9781305969308

Author:Richard L. Daft

Publisher:Richard L. Daft

Chapter7: Planning And Goal Setting

Section: Chapter Questions

Problem 2ED

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4- 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: LAST YEAR NOW Units produced 1,000 1,000 Labor (hours) 300 275 Resin (pounds) 50 45 Capital invested ($) 10,000 11,000 Energy (BTU) 3,000 2,850 Show the productivity percentage change for each category and then determine the improvement for labor-hours, the typical standard for comparison. George Kyparisis determines his costs to be as follows: Labor: $10 per hour Resin: $5 per pound Capital expense: 1% per month of investment Energy: $0.50 per BTU
1.6 Eric Johnson makes billiard bails in his New England plant. With recent increases in his costs, he has a newfound interest in efficiency. Eric is interested in deterrnining the productivity of his organization. He would like to know if his organization is maintain- ing the manufacturing average of 3% increase in productivity. He has the following data representing a month from last year and an equivalent month this year: Last Year Now Units produced Labor (hours) Resin (pounds) Capital invested ($) Energy (BTU) 1,000 275 : 45 11,000 1.000 300 50 10,000 3,000 2,850 Show the productivity percentage change for each category and then determine the improvement for labor-hours, the typical stan- đard for comparison.
George Kyparisis makes bowling balls in his Miamiplant. With recent increases in his costs, he has a newfound interestin efficiency. George is interested in determining the productivityof his organization. He would like to know if his organization is maintaining the manufacturing average of 3% increase in produc-tivity per year? He has the following data representing a month from last year and an equivalent month this year:
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Problems 1. Eric Johnson makes bowling balls in his Miami plant. With recent increases in his costs, he has a newfound interest in efficiency. Eric 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: Last Year Now Units produced 1,000 1,000 Labor (hours) 300 275 Resin (pounds) 50 45 Capital invested ($) 10,000 11,000 Energy (BTU) 3,000 2,850 Eric Johnson determines his costs to be as follows: Labor: $10 per hour ◆Resin: $5 per pound ◆ Capital expense: 1% per month of investment ◆ Energy: $0.50 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. 2 Given the following data use exponential smoothing with a = 02 and a=05 to generate forecasts.
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