Chapter 1, question 7: George Kyparisis (using data from Problem 1.6) determines his costs to be as follows: Labor: $10 per hour Resin: $5 per pound Capital expense: 1% per month of investment Energy: $0.50 per BTU Show the percent change in productivity for one month last year versus one month this year, on a multifactor basis with dollars as the common denominator. Problem 1.6 (data needed to answer the previous question) George Kyparisis makes bowling balls in his Miami plant. With recent increases in his costs, he has a newfound interest in efficiency. George is interested in determining the productivity of his organization. He would like to know if his organization is maintaining the manufacturing average of 3% increase in productivity per year? He has the following data representing a month from last year and an equivalent month this year: LAST YEAR NOW Units produced 1,000 1,000 Labor (hours) 300 275 Resin (pounds) 50 45 Capital invested ($) 10,000 11,000 Energy (BTU) 3,000 2,850 Show the productivity percentage change for each category and then determine the improvement for labor-hours, the typical standard for comparison None of the above Decreases by 8.7% o Increases by 7.8% Increases by 8.7% Decreases by 7.8%