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 3% increase in productivity per year? He has the following data representing a month from last year and an equivalent month this year:

                              Last Year         Now

Units produced       1,000              1,000

Labor (hours)           300                275

Resin (pounds)           50                45

Capital invested ($)   10,000        11,000

Energy (BTU)             3,000           2,850

Show the productivity percentage change for each category and then determine the improvement for labor-hours, the typical standard for comparison. Please show how you got the answer step by step.