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Productivity change for the inputs

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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 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

1,200

1,200

Labor (hours)

300

260

Resin (pounds

60

45

Capital Invested ($)

10,000

11,000

Energy (BTU)

3,000

2,500

The productivity change for each of the inputs (Labor, Resin, Capital, and Energy) is:

(enter your response as a percentage rounded to two decimal places and include a minus sign if necessary).

Labor Productivity Change =  X% Resin Productivity Change =  X%Capital Invested Productivity Change = X% Energy Productivity Change = X%

Reference no: EM131370248

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