Determine whether it is best for you to continue manufacturing the part or purchase it from the supplier. • Calculate the profit or loss you would have if you accepted the supplier's proposal.
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The Svenson corporation manufactures cell phones. It manufactures its own circuit boards for cell phones, an important part for the cell phone.
The unit variable cost of raw materials is $180
The variable unit labor cost is $65.
The unit variable cost of indirect costs is $13
Fixed costs are $6,000
The number of parts it manufactures is 700 cell phones in a month.
Morly, an electrical parts supplier, offers to sell you the board for $210 plus freight of $8 per unit.
• Determine whether it is best for you to continue manufacturing the part or purchase it from the supplier.
• Calculate the profit or loss you would have if you accepted the supplier's proposal.
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- Henri of Henri’s French Cuisine (HFC), a chain of 12restaurants, is trying to decide if it makes sense to outsource thepurchasing function. Currently, Henri employs two buyers at anannual fixed cost of $85,000. Henri estimates that the variable costof each purchase order placed is $15. Value-Buy (VB), a group ofpurchasing specialists, will perform the purchasing function fora fixed annual fee of $100,000 plus $5 for each purchase orderplaced. Last year, HFC placed 1450 purchase orders.(a) What was the cost last year to HFC when doing thepurchasing in-house?(b) What would the cost have been last year had HFC usedValue-Buy?(c) What is the indifference point for the two alternatives?(d) If HFC estimates it will place 1600 purchase orders nextyear, should it use VB?(e) What additional factors should be considered by HFC?I need question D solved please (a) What was their average aggregate inventory value? =46,410,239(b) What was their average inventory (measured in weeks of supply)? =6.97(c) What was their inventory turnover?=7.1771BIT operates on a build-to-stock policy, and therefore stores its finishedgoods in a warehouse capable of housing up to 70,000 units. Its annual overhead cost (fixed cost) is $117,000; and it costs $3/unit to house the finished goods. BIT has been approached by a warehouse company offering to house the finished goods for a unit cost of $4.5/unit, with an annual contract cost of $30,000. (d) Should BIT continue operating its own warehouse, or should it employthe warehouse company? Why?SY Manufacturers (SYM) is producing T-shirts in three colors: red, blue, and white. The monthly demand for each color is 3,000 units. Each shirt requires 0.5 pounds of raw cotton that is imported from Luft-Geshfet-Textile (LGT) Company in Brazil. The purchasing price per pound is $2.50 (paid only when the cotton arrives at SYM’s facilities) and transportation cost by sea is $0.20 per pound. The traveling time from LGT’s facility in Brazil to the SYM facility in the United States is two weeks. The cost of placing a cotton order, by SYM, is $100 and the annual interest rate that SYM is facing is 20 percent. a. What is the optimal order quantity of cotton?b. How frequently should the company order cotton?c. Assuming that the first order is needed on April 1, when should SYM place the order?d. How many orders will SYM place during the next year?e. What is the resulting annual holding cost?f. What is the resulting annual ordering cost?g. If the annual interest cost is only 5 percent, how…
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- Sapphire Aerospace operates 52 weeks per year, and its cost of goods sold last year was $6,500,000. The firm carries eight items in inventory: four raw materials, two work-in-processitems, and two finished goods. Table 12.3 shows last year’s average inventory levels for these items, along with their unit values.a. What is the average aggregate inventory value?b. How many weeks of supply does the firm have?c. What was the inventory turnover last year?One of your Taiwanese suppliers has bid on a new line of molded plastic parts that is currently being assembled at your plant. The supplier has bid $0.10 per part, given a forecast you provided of 200,000 parts in year 1; 300,000 in year 2; and 500,000 in year 3. Shipping and handling of parts from the supplier’s factory is estimated at $0.01 per unit. Additional inventory handling charges should amount to $0.005 per unit. Finally, administrative costs are estimated at $20 per month. Although your plant is able to continue producing the part, the plant would need to invest in another molding machine, which would cost $10,000. Direct materials can be purchased for $0.05 per unit. Direct labor is estimated at $0.03 per unit plus a 50 percent surcharge for benefits; indirect labor is estimated at $0.011 per unit plus 50 percent benefits. Up-front engineering and design costs will amount to $30,000. Finally, management has insisted that overhead be allocated if the parts are made in-house…Super-Sized Cycles. This company specializes in making larger bicycles for overweight riders. Thanks to Internet sales, the company has increased sales every year. However, profits have been marginal. The problem is that the company currently obtains parts from US-based companies. Though this allows for individualized customer service, it is also expensive, as each bike roughly costs $1,250 to produce. If, Super-Sized Cycles were to source materials from Taiwan, it could pay just $400 to $500 for each bike. What are the advantages and disadvantages of working with US suppliers? What are the advantages and disadvantages of collaborating with foreign suppliers? What would be the best option for ensuring the continued success of Super-Sized Cycles?