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: Units Produced Labor (hours) Resin (pounds) Capital Invested ($) Energy (BTU) Last Year 1,200 300 50 10,000 3,000 Now Cost Per Input Unit 1,200 275 45 11,000 2,850 $12 per hour $6 per pound 2% per month $0.50 per BTU The percent change in productivity for one month last year versus one month this year on a multifactor basis with dollars as the common denominator =% (enter your response as a percentage rounded to two decimal places).
George Kyparisis makes bowling balls in his Miami plant. With recent increases in his costs, he has a newfound interest in efficiency. George is interested in determining the productivity of his organization. He would like to know if his organization is maintaining the manufacturing average of a 3% increase in productivity. He has the following data representing a month from last year and an equivalent month this year: Units Produced Labor (hours) Resin (pounds) Capital Invested ($) Energy (BTU) Last Year 1,200 300 50 10,000 3,000 Now Cost Per Input Unit 1,200 275 45 11,000 2,850 $12 per hour $6 per pound 2% per month $0.50 per BTU The percent change in productivity for one month last year versus one month this year on a multifactor basis with dollars as the common denominator =% (enter your response as a percentage rounded to two decimal places).
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:George Kyparisis makes bowling balls in his Miami plant. With recent increases in his costs, he has a
newfound interest in efficiency. George is interested in determining the productivity of his organization.
He would like to know if his organization is maintaining the manufacturing average of a 3% increase in
productivity. He has the following data representing a month from last year and an equivalent month
this year:
Units Produced
Labor (hours)
Resin (pounds)
Capital Invested ($)
Energy (BTU)
Last Year
1,200
300
50
10,000
3,000
Now
1,200
275
45
11,000
2,850
Cost Per Input Unit
$12 per hour
$6 per pound
2% per month
$0.50 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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