The following diagram shows the flow process, raw material costs, and machine processing time for three products: A, B, and C. There are three machines (W, X, and Y) used in the production of these products; the times shown are in required minutes of production per unit. Raw material costs are shown in cost per unit of product. The market will take all that can be produced. Selling Price A $55 B $60 $75 3 min. Y 6 min. X 4 min. $10 ($15) $10 W 2 min. X 5 min. Y 6 min. $15 ($20) $20 X 1 min. W 2 min. W 5 min. $10 ($15) $30)
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- The following diagram shows the flow process. Raw material cost, and machine processing time for three products: A, B, and C. There are three machines (W, X and Y) used in the production of these products; the times shown are in required minutes of production per unit. Raw material costs are shown in cost per unit of product. The market will take all that can be produced. Selling price A B C $ 55 $60 $ 75 $ 10----Y (2 min) $10---Y (5 min) $10---X (4 min) $ 15---W (3 min) $20---X (5 min) $15---Y (4 min) $ 15---X (2 min) $15—W (6 min) $ 30—W (6 min) Assuming that sales personnel are paid on a commission basis, which product should sell? A, B or C? On the basis of maximizing gross profits per unit, which product should be sold? A, B, or C 3.To maximize total profit for the firm, which…ns Management || fall20 Petroleum be produced from crude oil is considered a system Select one: O a. Continuous O b. Assembly O c Project O d. Job Shop O e. Batch. A process makes two products, A and B, and operates 5 days per week, 7 hours per day.Demand for the two products for the next week is as follows:Day 1: A: 3; B: 5Day 2: A: 2; B: 6Day 3: A: 4; B: 7Day 4: A: 2; B: 5Day 5: A: 3; B: 5What is the takt time of the process? What would a level production schedule look like?
- WAI knows from historical records that approximately 40percent of its labor is used in Department 101 and 60 percentis used in Department 102. Th e reverse is true of machine time;60 percent is used in Department 101 and 40 percent is used inDepartment 102.(a) Calculate the labor and machine hours needed inDepartment 101 for each period of the MPS developed inProblem 4.(b) Calculate the labor and machine hours needed inDepartment 102 for each period of the MPS developed inProblem 4.Metters Cabinets, Inc., needs to choose a production method for its new office shelf, the Maxistand. To help accomplish this, the firm has gathered the following production cost data: Process Type Annualized Fixed Cost of Plant & Equip. Variable Costs (Per Unit) ($) Labor Material Energy Mass Customization $1,000,000 30 18 12 Intermittent $1,200,000 28 16 20 Repetitive $1,625,000 26 15 12 Continuous $1,960,000 25 15 10 Metters Cabinets projects an annual demand of 30,000 units for the Maxistand. The Maxistand will sell for $140 per unit. Which process type will maximize the annual profit from producing the Maxistand? What is the value of this annual profit? solve the question using Excel OM.Tribal Systems, Inc., is opening a new plant and has yet todecide on the type of process to employ. A labor-intensiveprocess would cost $10,000 for tools and equipment and$14 for labor and materials per item produced. A more automated process costs $50,000 in plant and equipment buthas a labor/material cost of $8 per item produced. A fullyautomated process costs $300,000 for plant and equipmentand $2 per item produced. If process selection were basedsolely on lowest cost, for what range of production wouldeach process be chosen?
- Charles Lackey operates a bakery in Idaho Falls, Idaho. Because of its excellent product and excellent location, demand has increased by % in the last year. On far too many occasions, customers have not been able to purchase the bread of their choice. Because of the size of the store, no new ovens can be added. At a staff meeting, one employee suggested ways to load the ovens differently so that more loaves of bread can be baked at one time. This new process will require that the ovens be loaded by hand, requiring additional manpower. This is the only thing to be changed. The bakery currently makes loaves per month. The pay will be $ per hour for employees and each employee works 160 hours per month.Charles Lackey can also improve the yield by purchasing a new blender. The new blender will mean an increase in his investment. This new blender will mean an increase in his costs of $ per month, but he will achieve the same new output (an increase to ) as the change in labor…3. High carbon steel or alloy steel can be used for the set of tools on a lathe The tools must be sharpened periodically. Data for each are as follows High carbon steel 60 pcs 4 hours Alloy stee! 70 pcs 6 hours Output per hour Time between tool grinds Time required to change 1 hour tools The wage of the lathe operator is Php50 per hour, based on actual working hours. The total changer costs Php60 per hour Overhead costs for the lathe are Php15 per hour, includng tool-change time A set of unsharpened alloy steel costs Php880 and can be ground five times. What type of steel shoukd be used? I hourWhich of the following statements are correct about services and service design? Select ALL which are true. 1) Services can be more easily automated and transported than products. ) 2) The service delivery system should be designed primarily around the employees in the system. ) 3) Low-contact services can usually be made more efficient than high-contact services. 4) A service is produced and consumed simultaneously (at the same time).
- J 1 ue K Beth Zion Hospital has received initial certification from the state of California to become a center for liver transplants. The hospital, however, must complete its first 10 transplants under great scrutiny and at no cost to the patients with the hospital picking the expenses. The cost per hour of surgery is estimated to be $5,000. The very first transplant, just completed, required 27 hours. On the basis of research at the hospital, Beth Zion estimates that it will have an 75% learning curve. Using Table E.3, estimate the time it will take to complete: a) the 10th transplant hours (round your response to two decimal places). Learning Curve Coefficients Unit Number (N) 10 Unit Time .385 75% Total Time 5.589 Unit Time .477 80% Total Time 6.315 Unit Time .583 85% Total Time 7.116 XAccompany makes two products (1&2) each product requires time on two machines (A&B). specification for each product is as follows. Product1 product2 Processing time on Machine A (hrs/unit) 2 2 Processing time on Machine B (hrs/unit) 1 2 Material and labour cost ( ksh/unit) 14 15 Selling price (ksh/unit) 16 18 Maximum possible sale (units) 130 150 The amount of time available on machine A is 360 hours and on machine B is 260 hours. Formulate the linear programme which, when…Cox Electric makes electronic components and has estimated the following for a new design of one of its products. . Fixed cost-$21,000 • Material cost per unit $0.17 Labor cost per unit = $0.11 Revenue per unit $0.68 Note that fixed cost is incurred regardless of the amount produced. Per-unit material and labor cost together make up the variable cost per unit. Assuming that Cox Electric sells all that it produces, profit is calculated by subtracting the fixed cost and total variable cost from total revenue. Construct an appropriate spreadsheet model to find the profit based on a given production level and use the spreadsheet model to answer these questions. (a) Construct a one-way data table with production volume as the column input and profit as the output. Breakeven occurs when profit goes from a negative to a positive value; that is, breakeven is when total revenue the total cost, yielding a profit of zero. Vary production volume from 0 to 100,000 in increments of 10,000. In which…