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

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 ($)
10,000
11,000
Energy (BTU)
3,000
2,850
Transcribed Image Text:LAST YEAR NOW Units produced 1,000 1,000 Labor (hours) 300 275 Resin (pounds) 50 45 Capital invested ($) 10,000 11,000 Energy (BTU) 3,000 2,850
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