George Kyparisis makes bowling balls in his Miami plant. With recent increases in his costs, he has a newfound interest in efficiency. George interested in determining the productivity of his organization. He would li if h
George Kyparisis makes bowling balls in his Miami plant. With recent increases in his costs, he has a newfound interest in efficiency. George interested in determining the productivity of his organization. He would li if h
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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Question
![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
1,000
300
50
9,000
3,000
Now
1,000
275
45
10,000
2,850
Cost Per Input Unit
$12 per hour
$5 per pound
1% per month
$0.50 per BTU
The percent change in productivity for one month last year versus one
month this year on a multifactor basis with dollars as the common
denominator =% (enter your response as a percentage rounded to two
decimal places).](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc790c56e-6040-4fac-977f-3f8f6b1c52b4%2F64cbf5ed-c83c-4b59-b63b-987737d2248d%2F0pn2i9a_processed.png&w=3840&q=75)
Transcribed Image Text:George Kyparisis makes bowling balls in his Miami plant. With recent
increases in his costs, he has a newfound interest in efficiency. George is
interested in determining the productivity of his organization. He would like
to know if his organization is maintaining the manufacturing average of
a 3% increase in productivity. He has the following data representing a
month from last year and an equivalent month this year:
Units Produced
Labor (hours)
Resin (pounds)
Capital Invested ($)
Energy (BTU)
Last Year
1,000
300
50
9,000
3,000
Now
1,000
275
45
10,000
2,850
Cost Per Input Unit
$12 per hour
$5 per pound
1% 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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