The productivity of Person GK and to know whether the organization is maintaining a manufacturing average of 3% increase in productivity every year. Introduction: Productivity is a measure of the effectiveness of an individual, systems, machinery and other equipments that are used in converting inputs into outputs. In all organizations, productivity is an important determinant to know the cost efficiency.

Question

Want to see the full answer?

Answer 1

Question

Chapter 1, Problem 6P

Summary Introduction

To determine: The productivity of Person GK and to know whether the organization is maintaining a manufacturing average of 3% increase in productivity every year.

Introduction: Productivity is a measure of the effectiveness of an individual, systems, machinery and other equipments that are used in converting inputs into outputs. In all organizations, productivity is an important determinant to know the cost efficiency.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

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: Last Year Now Units Produced 1,000 1,000 Labor (hours) 300 250 Resin (pounds) 60 45 Capital Invested ($) Energy (BTU) 8,500 11,000 2,900 2,500 The productivity change for each of the inputs (Labor, Resin, Capital, and Energy) is: Labor Productivity Change = ☐ % (enter your response as a percentage rounded to two decimal places and include a minus sign if necessary). Resin Productivity Change = a minus sign if necessary). % (enter your response as a percentage rounded to two decimal places and include Capital Invested Productivity Change: = and include a minus sign if…

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: Last Year Now Cost Per Input Unit Units Produced 1,200 1,200 Labor (hours) Resin (pounds) $10 per hour $6 per pound 2% per month $0.60 per BTU 300 275 50 45 Capital Invested ($) Energy (BTU) 10,000 11,000 2,900 2,750 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 1,000 300 48 10,000 3,000 Now 1,000 275 43 11,000 2,850 Cost Per Input Unit $12 per hour $5 per pound 2% per month $0.60 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).