Question

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:

Answer 1

The labor productivity change is -16.67%, indicating a decrease of 16.67% in labor productivity.

Step-by-step explanation:

The labor productivity change is calculated as follows:

Labor Productivity Change = ((Current Year Labor - Last Year Labor) / Last Year Labor) * 100

Plugging in the values:

Labor Productivity Change = ((250 - 300) / 300) * 100

Labor Productivity Change = (-50 / 300) * 100

Labor Productivity Change = -16.67%

Therefore, the labor productivity change is -16.67%, indicating a decrease of 16.67% in labor productivity.

Your full question was

George Kyparisis makes bowl balls in his Miami plant . George is interested in the productivity of his organizations. He would like to know if his is manufacturing average of a​ 3% increase in productivity. He has the following data representing a month from last year and an equivalents month this​ year: Last Year's Units, Now Production 1,200 1,200 labour 300 250 (pounds) Resin 50 46 Investment ($) 9,000 11,000 BTU energy 2,950 2,850 what is Labour Productivity Change = (type your answer as a percentage).