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

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: The percent change in productivity for one month last year versus one month this year on a multifactor basis with dollars as the common denominator = D (enter your response as a percentage rounded to two decimal places) .

Explanation / Answer

Multifactor Productivity   =   Output/Input

Multifactor Productivity last year month = 1000/5530*100 = 18.08%

Multifactor Productivity This year month = 1000/5150*100 = 19.42%

& percentage change in Multifactor Productivity   = (This year- Last Year)/Last Year * 100                      

                                                                        = (19.42 - 18.08)/ 18.08 * 100

                                                                        =    7.4%

                                 

                                    Last Year month Unit produced 1000 Labor 300 12 3600 Resin 50 5 250 Capital Invested 9000 0.02 180 Energy 3000 0.5 1500 Total Cost 5530

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