Show the productivity percentage change for each category an hen determine the imnprovement for labor-hours, the typical sta Rard fo

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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1.6 Eric Johnson makes billiard bails in his New England
plant. With recent increases in his costs, he has a newfound interest
in efficiency. Eric is interested in deterrnining the productivity of his
organization. He would like to know if his organization is maintain-
ing 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:
Last Year
Now
Units produced
Labor (hours)
Resin (pounds)
Capital invested ($)
Energy (BTU)
1,000
275
: 45
11,000
1.000
300
50
10,000
3,000
2,850
Show the productivity percentage change for each category and
then determine the improvement for labor-hours, the typical stan-
đard for comparison.
Transcribed Image Text:1.6 Eric Johnson makes billiard bails in his New England plant. With recent increases in his costs, he has a newfound interest in efficiency. Eric is interested in deterrnining the productivity of his organization. He would like to know if his organization is maintain- ing the manufacturing average of 3% increase in productivity. He has the following data representing a month from last year and an equivalent month this year: Last Year Now Units produced Labor (hours) Resin (pounds) Capital invested ($) Energy (BTU) 1,000 275 : 45 11,000 1.000 300 50 10,000 3,000 2,850 Show the productivity percentage change for each category and then determine the improvement for labor-hours, the typical stan- đard for comparison.
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