Show the productivity percentage change for each category and then determine the improvement for labor-hours, the typical standard for comparison.
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Problem No. 3
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:
LAST YEAR | NOW | |
Units produced | 3,000 | 3,000 |
Labor (hours) | 900 | 825 |
Resin (pounds) | 150 | 135 |
Capital Invested ($) | 30,000 | 33,000 |
Energy (BTU) | 9,000 | 8,556 |
- Show the productivity percentage change for each category and then determine the improvement for labor-hours, the typical standard for comparison.
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