Answered: LAST YEAR NOW Units produced 1,000…

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 3% increase in productivity per year? He has the following data representing a month from last year and an equivalent month this year: Show the productivity percentage change for each category and then determine the improvement for labor-hours, the typical standard for comparison.

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

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