George Kyparisis makes billiards balls in his Miami plant. With recent increases

Question

George Kyparisis makes billiards 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. lie has the following data representing a month from last year and an equivalent month this year: 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 = % (enter your response as a percentage rounded to two decimal places).

Explanation / Answer

the amount decreased in this year= 25*12= $280 (labor cost)

resin- 5*6= 30

BTU= 150*0.6= $90, total declines= 90+30+280= $400

the amount increased= 1000*12%=$120 (1% per month)

the net difference = 400-120= $280

the changed productivity in dollars= 3360+288+9000+1740= $14388

= 280/14388= 1.94%

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