Question: George Kyparisis (using data from Problem 1.5) determines his costs to be as follows: Labor: $10 per hour Resin: $5 per pound

George Kyparisis (using data from Problem 1.5)

determines his costs to be as follows:

◆ Labor: $10 per hour

◆ Resin: $5 per pound

◆ Capital expense: 1% per month of investment

◆ Energy: $0.50 per BTU Show the percent change in productivity for 1 month last year versus 1 month this year, on a multifactor basis with dollars as the common denominator.

Hokey Min’s Kleen Karpet cleaned 65 rugs in October, consuming the following resources: Taras Vyshnya/Shutterstock kilowatt-hours. Average labor cost last year was $20 per hour, kits cost $1,000 each, and energy costs were $3 per kilowatt-hour.
What do you tell Mr. Munson?

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