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Problem 5: Eric Johnson makes billiard balls in his New England plant. With recent increases in his costs, he has newfound interest in efficiency. 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. | Last Year New 1000 1000 Units produced Labor (hours) Resin (pounds) Capital invested (S) Energy (BTU) 300 275 45 10,000 11,000 3,000 50 2,850 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 S0.50 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.

Problem 5: Eric Johnson makes billiard balls in his New England plant. With recent increases in his costs, he has newfound interest in efficiency. 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. | Last Year New 1000 1000 Units produced Labor (hours) Resin (pounds) Capital invested (S) Energy (BTU) 300 275 45 10,000 11,000 3,000 50 2,850 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 S0.50 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.

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Problem 5: Eric Johnson makes billiard balls in his New England plant. With recent increases in his costs, he has newfound interest in efficiency. 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. Last Year New 1000 Units produced Labor (hours) Resin (pounds) Capital invested (S) Energy (BTU) 1000 300 50 10,000 11,000 3,000 275 45 2,850 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 @ S10 per hour, Resin S5 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.
Transcribed Image Text:Problem 5: Eric Johnson makes billiard balls in his New England plant. With recent increases in his costs, he has newfound interest in efficiency. 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. Last Year New 1000 Units produced Labor (hours) Resin (pounds) Capital invested (S) Energy (BTU) 1000 300 50 10,000 11,000 3,000 275 45 2,850 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 @ S10 per hour, Resin S5 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.
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