solution

George Kyparisis (using data from Problem 1.5) determines his costs to be as follows:

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.

Problem 1.5

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:

Show the productivity percentage change for each category and then determine the improvement for labor-hours, the typical standard for comparison.