Assignment 1: Jet Copies Case Problem

Compute the probability of a stock-out for the order quantities suggested by members of the management team.

2. In case, Rapid increases print volumes by 33% - end of year software charge is calculated at $2,500/month, or $30,000 for the year

The most suitable costing method Yeltin should adopt is the practical capacity in order to remove the factor of uncertain budgeted sales figure. For this approach and the practical capacity of 65000-22000 units, then the revised overhead costs come out to be $30. With the inclusion of material and labor costs, the cost of the cartridge stand at $52 and the additional royalty expense of $10 raises the overall per unit cost to $62. The selling price of the cartridge is fixed at $150. With this selling price, the gross margin is equal to $88. The gross margin percentage is equal to 59%. In comparison to the budgeted volume, the gross margin has increased by 14%. See below

You work in marketing for a company that produces work boots. Quality control has sent you a memo detailing the length of time before the boots wear out under heavy use. They find that the boots wear out in an average of 208 days, but the exact amount of time varies, following a normal distribution with a standard

The average number of breakdowns from the simulation trials was 1.93 with a standard deviation of 0.20. No. of breakdowns per week

Please answer the questions posed at the end of each case study in essay form.  Each essay will be judged on your capacity to present strong, logical discussions that support your conclusions.

Repeat part (a) if it is known that the standard deviation of such flights is 1.7 minutes.

2.56 0.60 48.86 3.64 73.43 40.16 63.63 102.47 4.06 1.37 0.63 0.56 4.63 1.25 34.33% 11.19% 5.70% 9.98% 21.17%

ML had developed a policy of selling manual machines and renting automatic machines. Manual machines did not cost much, did not require service, and could be modified to attach different fasteners inexpensively. Automatic machines were rented on an annual basis because they would have been more expensive to sell and it provided annual income to ML. However, about 700 of the rented machines were returned each year. During the time that machines were in inventory, ML would modify the machines to attach different fasteners. This was expensive with an average cost per modification of $2000. If all 700 machines were modified during a given year this would have cost $1.4 million per year. It was also industry practice to provide preventative maintenance and

T = 47 days, TE = 43.17 days, and the sum of the variances for the critical activities is: (0.25 + 5.44 + 0.69 + 2.25) = 8.63. z T  TE  47  43.17 8.63  3.83  1.30 2.94

One of the biggest gripes made by consumers about their printers is simply that many printer types aren't adequately reliable. How can a consumer rely on a printer that appears to run out of ink at the least convenient time. Further, many people experience printer complications at the worst possible time, too! This

We recently purchased an additional four SP-270F copiers for our rapidly growing printing business. We were assured by our account representative, Jason Woo, that this model would be sufficient to handle our volume of 3,000 copies a day; however, the copiers are malfunctioning on a daily basis. Although repairs are covered under warranty, we are dealing with a significant loss due to downtime of these machines. Jason Woo, and Heidi Berger, District Manager are aware of this matter; regrettably, efforts made

Before you have decided on a lease, you have to also consider the maintenance. You can purchase a service contract from a leasing company, but it will normally add extra costs to your copier. Sounds unattractive, right? You might be saying that you already have a warranty, and you do not want to pay for extra coverage. However, preventative maintenance helps to reduce the amount of breakdowns, and it extends the lifespan of your copier.

In case study research, an investigator studies an individual or small group of individuals with an unusual condition or situation. Case studies are typically clinical in scope. The investigator (often a clinical sociologist) sometimes uses self‐report measures to acquire quantifiable data on the subject. A comprehensive case study, including a long‐term follow‐up, can last months or years.

Assume that under no unusual circumstances (no storm), Jaeger sells 1,000 cases of Riesling. Consider different cases: 1. Jaeger harvests grapes in anticipations of storm. Then the total revenue will be equal to 12×1000×$2.85 = $34200. 2. Jaeger doesn’t harvest and there is no storm with 50% chance. 2.1. With 40% chance, sugar concentration is 25%, then the total revenue is 12 × 1000 × $3.50 = $42000 2.2. With 40% chance, sugar concentration is 20%, then the total revenue is 12 × 1000 × $3.00 = $36000 2.3. With 20% chance, sugar concentration is below 20%, then the total revenue is 12 × 1000 × $2.50 = $30000 3. There is storm with 50% chance 3.1. Storm causes botrytis