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 Cost Per Input Unit Units Produced 1,200 1,200 Labor (hours) 300 275 $12 per hour Resin (pounds) Capital Invested ($) Energy (BTU) 48 10,000 2,900 43 11,000 2,750 $5 per pound 2% per month $0.60 per BTU 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 as a percentage rounded to two decimal places).
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 Cost Per Input Unit Units Produced 1,200 1,200 Labor (hours) 300 275 $12 per hour Resin (pounds) Capital Invested ($) Energy (BTU) 48 10,000 2,900 43 11,000 2,750 $5 per pound 2% per month $0.60 per BTU 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 as a percentage rounded to two decimal places).
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
Cost Per Input Unit
Units Produced
1,200
1,200
Labor (hours)
300
275
$12 per hour
Resin (pounds)
Capital Invested ($)
Energy (BTU)
48
10,000
2,900
43
11,000
2,750
$5 per pound
2% per month
$0.60 per BTU
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 as a percentage
rounded to two decimal places).
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