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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 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: Last Year Now Units Produced 1,000 1,000 Labor (hours) 300 250 Resin (pounds) 60 45 Capital Invested ($) Energy (BTU) 8,500 11,000 2,900 2,500 The productivity change for each of the inputs (Labor, Resin, Capital, and Energy) is: Labor Productivity Change = ☐ % (enter your response as a percentage rounded to two decimal places and include a minus sign if necessary). Resin Productivity Change = a minus sign if necessary). % (enter your response as a percentage rounded to two decimal places and include Capital Invested Productivity Change: = and include a minus sign if necessary). Energy Productivity Change: = a minus sign if necessary). ☐ % (enter your response as a percentage rounded to two decimal places % (enter your response as a percentage rounded to two decimal places and include

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: Last Year Now Units Produced 1,000 1,000 Labor (hours) 300 250 Resin (pounds) 60 45 Capital Invested ($) Energy (BTU) 8,500 11,000 2,900 2,500 The productivity change for each of the inputs (Labor, Resin, Capital, and Energy) is: Labor Productivity Change = ☐ % (enter your response as a percentage rounded to two decimal places and include a minus sign if necessary). Resin Productivity Change = a minus sign if necessary). % (enter your response as a percentage rounded to two decimal places and include Capital Invested Productivity Change: = and include a minus sign if necessary). Energy Productivity Change: = a minus sign if necessary). ☐ % (enter your response as a percentage rounded to two decimal places % (enter your response as a percentage rounded to two decimal places and include

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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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 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: Last Year Now Units Produced 1,000 1,000 Labor (hours) 300 250 Resin (pounds) 60 45 Capital Invested ($) Energy (BTU) 8,500 11,000 2,900 2,500 The productivity change for each of the inputs (Labor, Resin, Capital, and Energy) is: Labor Productivity Change = ☐ % (enter your response as a percentage rounded to two decimal places and include a minus sign if necessary). Resin Productivity Change = a minus sign if necessary). % (enter your response as a percentage rounded to two decimal places and include Capital Invested Productivity Change: = and include a minus sign if necessary). Energy Productivity Change: = a minus sign if necessary). ☐ % (enter your response as a percentage rounded to two decimal places % (enter your response as a percentage rounded to two decimal places and include
Transcribed Image Text:George Kyparisis makes bowling balls in his Miami plant. With recent increases in his costs, he has a newfound interest in efficiency. George is interested in determining the productivity of his organization. He would like to know if his organization is maintaining the manufacturing average of a 3% increase in productivity. He has the following data representing a month from last year and an equivalent month this year: Last Year Now Units Produced 1,000 1,000 Labor (hours) 300 250 Resin (pounds) 60 45 Capital Invested ($) Energy (BTU) 8,500 11,000 2,900 2,500 The productivity change for each of the inputs (Labor, Resin, Capital, and Energy) is: Labor Productivity Change = ☐ % (enter your response as a percentage rounded to two decimal places and include a minus sign if necessary). Resin Productivity Change = a minus sign if necessary). % (enter your response as a percentage rounded to two decimal places and include Capital Invested Productivity Change: = and include a minus sign if necessary). Energy Productivity Change: = a minus sign if necessary). ☐ % (enter your response as a percentage rounded to two decimal places % (enter your response as a percentage rounded to two decimal places and include
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