Assignment:
George Kyparisis makes bowling balls in his Miami plant. With recent increases in his cost, 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 maintiang 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 : Last year 1,500 Now 1,500
- Labor (hours): Last year 300 Now 250
- Resin (pounds) Last year 60 now 48
- Capital Invested ($): last year 10,000 now 12,000
- Energy (BTU): Last year 2,900 now 2,750
What is: Labor Productivity Change, Resin Productivity Change, Capital Invested Productivity Change ,Energy Productivity change (Show work for answers)
Provide complete and step by step solution for the question and show calculations and use formulas.