b) Draw a detailed break-even chart, making sure to label the variables on the y- and x-axes, as well as all other significant points in the chart c) Showing your calculations, calculate the break-even point (in units) if fixed costs are reduced to $7020
Q: The publisher, Mark Twain Press, feels it has problems. The CEO, Charles Dickens, has instigated an…
A: Given data Fixed costs of a Voyage to Arcturus is $380000 Variable costs per book of a Voyage to…
Q: Merrimac Manufacturing Company has always purchased acertain component part from a supplier on the…
A:
Q: Dirac Manufacturers Co. plans to introduce a new type of shirt based on the following information:…
A: Selling price of shirt per unit (SP) = $ 57 Variable cost per unit (VC) = $18 Fixed cost = $7800…
Q: List 5 important differences between goods production and service operations?
A: The five major differences between the production of goods and the operation of services are as…
Q: snip
A: In the magazine titled "The Top 100 Undergraduate Business Programs" was mentioned that the staff…
Q: A producer of felt-tip pens has received a forecast of demand of 30,000 pens for the comingmonth…
A:
Q: What are the value chain links in a homeless shelter? Are each of these internal or external? How do…
A: Thank you for the questions. As per guideline, we are allowed to provide one answer at a time.…
Q: Explain what quality function deployment is and how it can be useful.
A: QFD is a focused and systematic methodology that deals with understanding the needs of the customer…
Q: all plant, medium or large plant. The best selection of plant size depends on how the marketplace…
A: Given data Plant size low medium high small 225 280 300 medium 120 280 370 large 75 280 750…
Q: A producer of felt-tip pens has received a forecast of demand of 31,000 pens for the coming month…
A: The Breakeven point can be calculated by the following formula. Ans 1: Given data, Fixed cost =…
Q: How important is it to align process capabilities to product requirements?
A: Process Capability: Process capability is denoted by the ability of the process…
Q: What is service Blueprinting? Outline it's components?
A: Service Mapping/Blueprinting A tool for simultaneously depicting the service process, the points of…
Q: Exhibit A. Southland Corporation’s decision to produce a new line of recreational products resulted…
A: Please note that the first three subparts are solved as per the guidelines. You may post the…
Q: You have been asked to forecast the sales of your lead product over the next 2 years. You have…
A: Sales forecasting is the process of anticipating future revenue by predicting how much goods or…
Q: What is the corporate-level strategy that the Chong Hua Hospital is pursuing?
A: In any company or industry, strategy plays a very important role in achieving common goals or in the…
Q: Matthew Bailey, as manager of Designs by Bailey,is upgrading his CAD software. The high-performance…
A: Given data: For High performance (HP) Fixed cost = $3000 variable cost = $200 For…
Q: Four things must be known about material inputs in standard development?
A: Introduction: Materials refer to all the inputs that are required for making the final product in…
Q: Why is process flexibility desired? What are the two stipulations?
A: Process flexibility is used to describe how the business reacts to changes in supply and demand. The…
Q: Describe the Mass customization strategy?
A: Mass customization strategy is the most famous strategy used in operations and manufacturing. Under…
Q: Southland Corporation’s decision to produce a new line of recreational products resulted in the need…
A: Find the Given details below: Given details: Long run Demand Plant size Low Medium High…
Q: Merrimac Manufacturing Company has always purchased acertain component part from a supplier on the…
A:
Q: Philip B. Crosby is famous for coining the phrase ‘QUALITY IS FREE’. From Operations viewpoint,…
A: Philip crooner was an associate influential author, advisor and thinker UN agency developed sensible…
Q: Describe an operation where higher quality will cost more. What is your definition of quality?
A: An operation where higher quality will cost more is use of quality control processes for maintaining…
Q: The owner of Eat Now Restaurant implemented an expanded menu early last year. The menu was asuccess,…
A: Mass customization is a process in which small changes are made according to the preference of the…
Q: Draw a detailed break-even chart. b) Compute the break-even point (i) in units; (ii) in dollars;…
A:
Q: Define a type of process where a major product is produced or service provided?
A: Making is the type of process in which the major product is produced or the service will be…
Q: What are the steps involved in building a service Blueprint? Draw a service Blueprint for an…
A: Service Mapping/BlueprintingA tool for simultaneously depicting the service process, the points of…
Q: Explain your understanding of the following concepts. Use your own examples to support your answer.…
A: In manufacturing site layout is made up of configuring the plant site with routes, constructions,…
Q: What are the benefits of matching process capabilities to product requirements?
A: Matching process capabilities to product specifications will help you make better process decisions.…
Q: What is meant by break even analysis in operations ?
A: Production is the process of developing finished products using raw materials and resources for the…
Q: A company has two alternatives for meeting a customer requirement for 8,000 units of a specialty…
A: Below is the solution:-
Q: Cite an example of ideas that involve identifying creating new processes for producing and/or…
A: Market PenetrationIn a market penetration strategy, the firm purposes its products in the existing…
Q: In many organisations, product-mix decisions are made by the marketing or sales departments. Why is…
A: Your company may have several product lines, which are sets of items with similar qualities. These…
Q: Explain the importance of matching process capabilities with product requirements?
A: The design specifications relate to the product's many qualities and the extent to which the…
Q: a. If the mission wants to complete a care package every 10 min- utes, how many volunteers should be…
A: Therefore. Minimum number of workstations required = Total time taken for all tasks / required cycle…
Q: a. Determine the break-even point for each range. h. If estimated demand is 90 to 120 customers per…
A: The breakeven point is the level of production where the costs of production are equal to the…
Q: What impact does the product mix have on capacity planning?
A: A practical item mix system enables a business to concentrate its efforts and resources on the goods…
Q: Give examples of factors influencing capacity, using the six categories: Facilities and Machines…
A: Capacity planning alludes to figuring out what sort of work and hardware limits are required and…
Q: California Gardens, Inc., prewashes, shreds, and distributes a variety of salad mixes in…
A: Given- Fixed costs for high speed shredders = $85,000 per monthVariable costs for high speed…
Q: What is Quality Function Deployment and Concepts, explain with an examples
A: Quality function deployment is the process in which the needs of the customers are identified and…
Q: Find a forged tool (it can be a physical specimen around you or website information) and determine…
A: Forging is a commonly used production method. In forging, materials are deformed plastically &…
Q: etting up restaurant/food se
A: Performing a feasibility study is critical to the growth of your start-up, but many new…
Q: What a flow line for production or service?
A: Flowline production is operated to produce high capacities of goods with high manufacturing rates…
A manufacturer plans to introduce a new shirt based on the following information. The selling price is $57.00; variable cost per unit is $18.00; fixed costs are $7800.00; and capacity per period is 500 units.
b) Draw a detailed break-even chart, making sure to label the variables on the y- and x-axes, as well as all other significant points in the chart
c) Showing your calculations, calculate the break-even point (in units) if fixed costs are reduced to $7020
Step by step
Solved in 3 steps with 1 images
- The owner of Eat Now Restaurant implemented an expanded menu early last year. The menu was asuccess, drawing many more customers, who seemed to like the increased variety of menu choicesover that of the previous menu. But good news soon became bad news as long waiting lines beganto deter customers, and business dropped off. Because of space and other limitations, there didn’tseem to be any viable options to consider. Then a customer mentioned a technique called mass customization that was being used in the company he worked for. He said it really streamlined processing, and maybe it could work for the restaurant.Describe how that approach might work at the restaurant and why that could be expected toreduce waiting times. What costs would be involved in transitioning to such a system? What otherapproaches could be used to reduce waiting times?How to make an IPO chart (Input, Process, Output) for grading individual tests for 3 sections of a course- average in each class, average of 3 sections, calc curve, and applying to each class.California Gardens, Inc., prewashes, shreds, and distributes a variety of salad mixes in 2-pound bags. Doug Voss, Operations VP, is considering a new Hi-Speed shredder to replacethe old machine, referred to in the shop as "Clunker." Hi-Speed will have a fixed cost of $85,000 per month and a variable cost of $1.25 per bag. Clunker has a fixed cost of only $44,000 per month, but a variable cost of$ 1.75. Selling price is $2.50 per bag.a) What is the crossover point in units (point of indifference) for the processes?b) What is the monthly profit or loss if the company changes to the Hi-Speed shredder and sells 60,000 bags per month? c) What is the monthly profit or loss if the company stays with Clunker and sells 60,000 bags per month?
- The Excellent DVD Company sells DVDs for $62 each. Manufacturing cost is $22.70 per DVD; marketing costs are $7.75 per DVD; and royalty payments are 15% of the selling price. The fixed cost of preparing the DVDs is $227 300. Capacity is 20 000 DVDs.a) Draw a detailed break-even chart. b) Compute the break-even point(i) in units;(ii) in dollars;(iii) as a percent of capacity.c) Determine the break-even point in units if fixed costs are increased by $3300 while manufacturing cost is reduced $1.65 per DVD.d) Determine the break-even point in units if the selling price is increased by 10% while fixed costs are increased by $2900.California Gardens, Inc., prewashes, shreds, and distributes a variety of salad mixes in 2-pound bags. Doug Voss, Operations VP, is considering a new Hi-Speed shredder to replace the old machine, referred to in the shop as "Clunker." Hi-Speed will have a fixed cost of $87,000 per month and a variable cost of $1.20 per bag. Clunker has a fixed cost of only $31,000 per month, but a variable cost of $1.70. Selling price is $2.40 per bag. Part 2 a) What is the crossover point in units (point of indifference) for the processes? The crossover point is units. (Round your response to the nearest whole number.)California Gardens, Inc., prewashes, shreds, and distributes a variety of salad mixes in 2-pound bags. Doug Voss, Operations VP, is considering a new Hi-Speed shredder to replace the old machine, referred to in the shop as "Clunker." Hi-Speed will have a fixed cost of $87,000 per month and a variable cost of $1.20 per bag. Clunker has a fixed cost of only $31,000 per month, but a variable cost of $1.70. Selling price is $2.40 per bag. Part 2 a) What is the crossover point in units (point of indifference) for the processes? The crossover point is 112000112000 units. (Round your response to the nearest whole number.) Part 3 b) What is the monthly profit or loss if the company changes to the Hi-Speed shredder and sells 90,000 bags per month? The monthly profit or loss if the company changes to the Hi-Speed shredder and sells 90,000 bags per month is $enter your response here. (Round your response to the nearest dollar and include a minus sign if necessary.)
- California Gardens, Inc., prewashes, shreds, and distributes a variety of salad mixes in 2-pound bags. Doug Voss, Operations VP, is considering a new Hi-Speed shredder to replace the old machine, referred to in the shop as "Clunker." Hi-Speed will have a fixed cost of $87,000 per month and a variable cost of $1.20 per bag. Clunker has a fixed cost of only $31,000 per month, but a variable cost of $1.70. Selling price is $2.40 per bag. a) What is the crossover point in units (point of indifference) for the processes? The crossover point isunits. (Round your response to the nearest whole number.)Article: SpaceX By: David R. King 1. Write two paragraph of Internal analysis of firm's value chain. 2. Write two paragraph to identify which value chain activities are creating value for the firm.Explain about service bill of materials and production bill of materials with real examples , applications , advantage and disadvantage for both types?
- Course: Operations Management Hotel ComplaintsA luxury hotel has been receiving a lot of complaints from guests recently. The manager worries that if these complaints continue, the hotel will start to lose clients. Therefore, you have been hired as a consultant to correct the problem(s). A list of the major complaints by week for the last month is as follows: Complaint Number of Occurrences Week 1Error on bill 10Room not ready at check-in 8Room service delivery late 3Longline at check-out 10 Week 2Error on bill 12Noise in hallway 2Longline at check-out…Course: Operations Management Hotel ComplaintsA luxury hotel has been receiving a lot of complaints from guests recently. The manager worries that if these complaints continue, the hotel will start to lose clients. Therefore, you have been hired as a consultant to correct the problem(s). A list of the major complaints by week for the last month is as follows:Complaint Number of Occurrences Week 1Error on bill 10Room not ready at check-in 8Room service delivery late 3Longline at check-out 10 Week 2Error on bill 12Noise in hallway 2Longline at check-out…Course: Operations Management Hotel ComplaintsA luxury hotel has been receiving a lot of complaints from guests recently. The manager worries that if these complaints continue, the hotel will start to lose clients. Therefore, you have been hired as a consultant to correct the problem(s). A list of the major complaints by week for the last month is as follows:Complaint Number of Occurrences Week 1Error on bill 10Room not ready at check-in 8Room service delivery late 3Longline at check-out 10 Week 2Error on bill 12Noise in hallway 2Longline at check-out…