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- The Ace Company sells a single product at a budgeted selling price per unit of $20. Budgeted fixedmanufacturing costs for the coming period are $10,000, while budgeted fixed marketing expenses forthe period are $24,000. Budgeted variable costs per unit include $2 of selling expenses (commission)and $4 of manufacturing costs. What is the budgeted operating income if the anticipated sales volumefor the period is (1) 10,000 units, and (2) 15,000 units? (Round answers to the nearest whole number.)Production and Materials Purchases Budgets White Corporation’s budget calls for the following sales for next year:Quarter 1 90,000 units Quarter 3 68,000 unitsQuarter 2 76,000 units Quarter 4 96,000 unitsEach unit of the product requires 3 pounds of direct materials. The company’s policy is to begineach quarter with an inventory of product equal to 5% of that quarter’s estimated sales requirementsand an inventory of direct materials equal to 20% of that quarter’s estimated direct materials requirements for production.Required Determine the production and materials purchases budgets for the second quarter.Course: Microeconomic - Long and short run costs The company "Mr. Tomas" manufactures tricycles being its productive inputs steering wheels, frames and seats (v) and wheels (r). Each tricycle has 3 wheels (Pr = $2) and 1 steering wheel, 1 seat and 1 frame (Pv = $4). Determine:a. The production function of "Mr. Tomas"b. The short-run cost function (for r = 30).c. The long-run cost functiond. How much it costs the firm to produce:1. the tenth unit in both the short run and the long run?2. the 40th unit?
- 1) Which of the following translates business plan into productionplanningAPPMPSMRPNone of the Above2) Master production schedule is a medium-range planning and it isused for quantity and timing ofcomponents and raw materialFinished goodsBoth A & B3) The manufacturing strategy which deploys hiring and laying ofworkers in order to match its production rate to demand is calledLevel Production StrategyChase Production StartegyHybrid StrategyNone of the above4) "In a level production strategy, if the firm makes annual 120,00units per annum, the permonth production can be estimatted by""120,00 /12""120,00 / 365"The information is not complete5) The Bill of material is an engineering documments that showsinclusive listing and sub-components to be used for end productTRUEFALSE6) A lead capacity usually increases or decreases its capacity in anticipation of demand, this is known as "Match strategyLead Capacity StrategyLag capacity strategy7) The most important output of MRP isBOMPlanned…4.1REQUIREDStudy the information given below and calculate the following if the sales manager’s proposal is accepted:4.1.1 Break-even quantity.4.1.2 The number of units that must be sold to achieve the company’s profit objective. INFORMATIONSirloin Enterprises manufactures a product that sells for R9 each. The company presently produces and sells 90 000 units per year. Total variable manufacturing costs and selling costs are R405 000 and R81 000 (10% of sales) respectively. Fixed costs are R226 440 for manufacturing overheads and R97 200 for selling and administrative activities.The sales manager has proposed that the price be increased to R10.80 per unit. The company’s profit objective is 10% of sales. 4.2 ENO Ltd, a pharmaceutical company, is seeking finance for the development of a vaccine aimed at reducing the spread the Corona virus. The company is seeking funding only from the public in the form of equity as well as long-term borrowing.In light of the above, critically discuss…(2-b) A firm's demand in the next four quarters is forecast to be 400, 600, 800, and 700 units. Given that beginning inventory is 600, desired ending inventory in quarter 4 is 300, inventory holding cost is $6 per unit per quarter, and production cost is $50 per unit, calculate the cost of a level production plan.
- Aurillo Equipment Company (AEC) projected that its ROE for next year would be just 6 percent.However, the financial staff has determined that the firm can increase its ROE by refinancing somehigh interest bonds currently outstanding. The firm’s total debt will remain at $200,000 and the debtratio will hold constant at 80 percent, but the interest rate on the refinanced debt will be 10 percent.The rate on the old debt is 14 percent. Refinancing will not affect sales, which are projected to be$300,000. EBIT will be 11 percent of sales and the firm’s tax rate is 40 percent. If AEC refinances itshigh interest bonds, what will be its projected new ROE?George Fine, owner of Fine Manufacturing, is consideringthe introduction of a new product line. George has consideredfactors such as costs of raw materials, new equipment, andrequirements of a new production process. He estimates that thevariable costs of each unit produced would be $8 and fi xed costswould be $70,000.(a) If the selling price is set at $20 each, how many unitshave to be produced and sold for Fine Manufacturingto break even? Use both graphical and algebraicapproaches.(b) If the selling price of the product is set at $18 per unit,Fine Manufacturing expects to sell 15,000 units. Whatwould be the total contribution to profi t from this productat this price?(c) Fine Manufacturing estimates that if it off ers the productat the original target price of $20 per unit, the companywill sell about 12,000 units. Which pricing strategy—$18per unit or $20 per unit—will yield a higher contributionto profi t?(d) Identify additional factors that George Fine shouldconsider in deciding…1. Timothy received $100 for his birthday. He wants to buy either a new skateboard or a new mp3 player to listen to music while working out but he can buy only one. a. Which core principle is represented in this scenario above (if any). b. give an xplanation.
- M&L Manufacturing makes various components for printers andcopiers. In addition to supplying these items to a major manufacturer,the company distributes these and similar items to officesupply stores and computer stores as replacement parts forprinters and desktop copiers. In all, the company makes about20 different items. The two markets (the major manufacturerand the replacement market) require somewhat different handling.For example, replacement products must be packagedindividually whereas products are shipped in bulk to the majormanufacturer.The company does not use forecasts for production planning.Instead, the operations manager decides which items to produceand the batch size, based on orders and the amounts in inventory.The products that have the fewest amounts in inventory get thehighest priority. Demand is uneven, and the company has experiencedbeing overstocked on some items and out of others. Beingunderstocked has occasionally created tensions with the managersof…M&L Manufacturing makes various components for printers andcopiers. In addition to supplying these items to a major manufacturer,the company distributes these and similar items to officesupply stores and computer stores as replacement parts forprinters and desktop copiers. In all, the company makes about20 different items. The two markets (the major manufacturerand the replacement market) require somewhat different handling.For example, replacement products must be packagedindividually whereas products are shipped in bulk to the majormanufacturer.The company does not use forecasts for production planning.Instead, the operations manager decides which items to produceand the batch size, based on orders and the amounts in inventory.The products that have the fewest amounts in inventory get thehighest priority. Demand is uneven, and the company has experiencedbeing overstocked on some items and out of others. Beingunderstocked has occasionally created tensions with the managersof…Dark beer is purchased by the case for $18.90. There are 24 bottles in each case, and each bottle contains 12 fluid ounces. You are making brine that requires 2 ½ quarts of dark beer. How much will the beer cost for the brine?