Productivity percentage change for each category

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Reference no: EM131467390

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.

Reference no: EM131467390

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