Question: Problem 1.7 (similar to) A Question Help 0 Eric Johnson makes billiard balls in his plant. With recent increases in his costs, he has a

Problem 1.7 (similar to) A Question Help 0 Eric

Problem 1.7 (similar to) A Question Help 0 Eric Johnson makes billiard balls in his plant. With recent increases in his costs, he has a newfound interest in efficiency. Eric is interested in determining the productivity of his organization. He would like to know if his organization is maintaining an 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 Labour (hours) 300 275 S10 per hour Resin (kilograms) 25 22 $12 per kg Capital Invested ($) 10.000 11,000 2% per rrionth Energy (BTU) 2,900 2.750 $0.60 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. The percent change in multifactor productivity for one month last year versus one month this year= * (enter your response as a percentage rounded to two decimal places)

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