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 a? 3% increase in productivity. He has the following data representing a month from last year and an equivalent month this? year:
Last Year Now Cost Per Input Unit
Units Produced 1,000 1,000
Labor (hours) 280 255 $10
Resin (pounds) 48 43 $6
Capital Invested ($) 9,000 10,000 2%
Energy (BTU) 3,000 2,850 $0.50
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? =
nothing?%
?(enter your response as a percentage rounded to two decimal? places).