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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
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 %
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