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
|
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%