George Kyparisis makes bowling balls in his Miami plant. With recent increases i

Question

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 (S) Energy (BTU) Last Year 1,000 300 50 9,000 2,900 Now 1,000 260 48 12,000 2,850 The productivity change for each of the inputs (Labor, Resin, Capital, and Energy) is Labor Productivity Change-15.38 % (enter your response as a percentage rounded to two decimal places and include a minus sign if necessary) Resin Productivity Change-4 % (enter your response as a percentage rounded to two decimal places and include a minus sign if necessary) Capital Invested Productivity Change = -33.33% (enter your response as a percentage rounded to two decimal places and include a minus sign if necessary)

Explanation / Answer

Capital Productivity = Units produced/Capital invested

last year = 1000/9000 = 1/9 units per dollar

Now = 1000/12000 = 1/12 units per dollar

Change % = (Now - Last year)/Last year = (1/9-1/12)/(1/9) = 9/36*(3-4) = -25.00%

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