Multi factor basis with dollars as the common denominator

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Reference no: EM131467275

George Kyparisis determines his costs to be as follows:

Labor: $10 per hour

Resin: $5 per pound

Capital expense: 1% per month of investment

Energy: $.50 per BTU

Show 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.

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

Please show how you got answer step by step.

Reference no: EM131467275

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