George Kyparisis makes bearing balls in his Miami plant. With recent increases i
ID: 466540 • Letter: G
Question
George Kyparisis makes bearing 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 1,500 1,500
Labor (hours) 300 260
Resin (pounds) 55 48
Capital Invested ($) 9,000 11,000
Energy (BTU) 2,950 2,850
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).
Explanation / Answer
labor productivity will be chage by 80%
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