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George Kyparisis makes bowling balls in his Miami plant. With recent increases in his? costs, he...

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General Management

George Kyparisis makes bowling balls in his Miami plant. Withrecent increases in his? costs, he has a newfound interest inefficiency. George is interested in determining the productivity ofhis organization. He would like to know if his organization ismaintaining the manufacturing average of a? 3% increase inproductivity. He has the following data representing a month fromlast year and an equivalent month this? year:

???????????????????????????????????????????????????????????????????????????????????????????????????????  

Last Year

Now

Cost Per Input Unit

Units Produced      

1 comma 2001,200

1 comma 2001,200

Labor? (hours)

280280

255255

?$1212

per hour

Resin? (pounds)

4848

4343

?$66

per pound

Capital Invested? ($)

10 comma 00010,000

11 comma 00011,000

22?%

per month

Energy? (BTU)

2 comma 9002,900

2 comma 7502,750

?$0.600.60

per BTU

The percent change in productivity for one month last yearversus one month this year on a multifactor basis with dollars asthe common denominator? =

nothing?%

?(enter your response as a percentage rounded to two decimal?places).

Answer & Explanation Solved by verified expert
3.9 Ratings (644 Votes)
Based on the given data we find the Multifactor Productivityfor Lat year and Now as shown belowMultifactor    See Answer
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