It costs $50,000 to start a production process. Variable cost is $25 per unit and revenue is $45 per unit. What is the break-even point?
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It costs $50,000 to start a production process. Variable cost is $25 per unit and revenue is $45 per unit. What is the break-even point?
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- ABC Company manufactures a product which goes through one process only. The product costs and the data given below relate to the recent period; Beg. WIP…………………………….. 6,375 units Direct Material cost….. ……….$ 7,605 Conversion cost……… ……… $ 4,365 During Period: Units started………….. ……… 91,950 units Direct Mat. cost added.. …….. $ 110,350 Direct Lab. Cost added..…….. $ 36,950 Manuf. Overh. Cost applied….. $ 47,065 End. WIP……………………………… 5,100 units Direct Material………………... 100% completed Conversion……………………. 50% completed Prepare the production report. (round your numbers)How feasible is batch processing? What's the reason, if any?What does process planning entail? How would process planning differ for batch and continuous processes?
- Write a note on Just-in-Time system for production planning.As the production planner for Xiangling Hu Products, Inc., you have been given a bill of material for a bracket that is made up of a base, 2 springs, and 4 clamps. The base is assembled from 2 clamps and 1 housing. Each clamp has 1handle and 1 casting. Each housing has 2 bearings and 2 shafts. There is no inventory on hand. Part 3 b) Determine the gross quantities needed of each item if you are to assemble 150 brackets. Base: enter your response here units (enter your response as a whole number). Spring: enter your response here units (enter your response as a whole number). Clamp: enter your response here units (enter your response as a whole number). Housing: enter your response here units (enter your response as a whole number). Handle: enter your response here units (enter your response as a whole number). Casting: enter your response here units (enter your response as a whole number). Bearing: enter…coventry PLC had 27,000 units in production during May. Of these 27,000 units, 25,000 units were started during the month. By the end of May, 23,000 units were completed and transferred to finished goods. Cost associated with the beginning inventory was £125,000. Manufacturing costs totalling £850,000 were added during the period. coventry PLC uses the FIFO method and adds all direct materials at the beginning of the process. What is coventry PLC'S cost per unit for direct materials ?
- Tell us why it is so crucial to match product demands with production procedures.If customer demand is 200,000 units per month, and available manufacturing capacity is 6,000 hoursper week, what is the Takt time for this firm?When making a production plan, why is it necessary to select a common unit or to establish product families
- University of science and technology needs to purchase 10 computers for the lab, to be used by students. You as a procurement offer, with practical examples, explain the steps or stages you need to follow to acquire those computers?Does production management using Internet of Things technology streamline production management processes, and does it increase the economic efficiency of the company’s operation?Dell uses a time-based strategy with the aim of reducing the delivery time needed to fill orders of computers this is an example of manufacturing time reduction : True or False?