Problem 5: Eric Johnson makes billiard balls in his New England plant. With recent increases in his costs, he has newfound interest in efciency. Eric is interested in determining the productivity of his organisation. He Would like to know if his organisation is maintaining the manufacturing average of 3% increase in productivity. He has the following data representing a month from last year and an equivalent month this year. Units produced Labor (hours) Resin (pounds) Capital invested (5) a. Show the productivity percentage change for each category and then determine the improvement for labor-hours, the typical standard for comparison. b. Eric Johnson determines his costs to be as follows: Labor @ $10 per hour, Resin $5 per pound. Capital expense 1% per month of investment and Energy $0.50 per BTU. With this information, 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