Eric Johnson makes billiard balls in his New England plant. With recent increases in his costs, he has a newfound interest in efficiency. Eric 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% incease in productivity. He has the following data representing a month from last year and quivalent 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 2,875
The productivity change for each of the inputs (Labor, Resin, Capital,and Energy) is:
a) Labor Productivity Change = _____%
b) ResinProductivity Change = _____%
c) Capital Invested Productivity Change = ______%
d) Energy productivity change = ______%
please show working method