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Breakeven Analysis
Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.
Process analysis
The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.
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- Q.1 Your friend Monica wants to open a boutique of her own and is in the middle of preparing a report which has to specify the type of manufacturing process used. She is not able to relate the type of business with manufacturing process. Explain the various types of manufacturing processes and point out the best suitable process for her business. Give appropriate examples of all the manufacturing processes.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)So and Ralph have joined forces to start SoRap Chip Products, a processor of packaged okra chips.So has years of food processing experience, and Ralph has extensive commercial food preparationexperience. Together with the help from vendors, they can adequately estimate demand, fixed costs,revenues, and variable cost per 5-pound bag of okra. They think a largely manual process will havemonthly fixed cost of 37,500Php and variable cost of 1.75Php per 5-pound bag. A more mechanizedprocess will have fixed costs of 75,000Php per month with variable costs of 1.25Php per 5-poundbag. They expect to sell the okra chips for 2.50Php per 5-pound bag. What is the break-even quantityfor the manual process?
- Home-Style Cookies wants to evaluate the potential profitability of the new retail shop. Fixed costs of $9,200 per month include payroll and equipment/furniture capital expense (rent and utilities are covered by the production plant), and average variable costs (includes packaging) of 70 cents per unit sold. Each item is sold to customers at a price that averages $2. For costing purposes, the multi-packs are counted as individual cookies. What volume per month is required in order to break even? What profit (or loss) would be realized on the forecasted monthly volume for August of 8,778 cookies (units) and for September at 10,540 cookies (units)? What volume is needed to obtain a profit of $16,000 per month & What volume is needed to provide a revenue of $23,000 per month? Plot the total cost and total revenue lines on a graph Please show all steps to prepare the graph. Thank you.Q2: What factors should be taken into account in deciding whether to use a job order cost system or a process cost system in any given manufacturing situation?Jubelien and Joshua have joined forces to start Rosen old Lettuce Products, a processor ofpackaged shredded lettuce. Jubelien has years of food processing experience and Joshua hasextensive commercial food preparation experience. Together with the help from vendors, theycan adequately estimate demand, fixed costs, revenues, and variable cost per 5-pound bag oflettuce. They think a largely manual process will have monthly fixed cost of 37,500Php andvariable cost of 1.75Php per 5-pound bag. A more mechanized process will have fixed costs of75,000Php per month with variable costs of 1.25Php per 5-pound bag. They expect to sell theshredded lettuce for 2.50Php per 5-pound bag.a. What is the break-even quantity for the manual process?b. What is the revenue at the break-even quantity for the manual process?c. What is the break-even quantity for the mechanized process?d. What is the revenue at the break-even quantity for the mechanized process?e. What is the monthly profit or loss of the…
- Select the right answer. 1. The crossover point between two processes A and B can be stated as - [ ] a. variable costs of process A = Variable costs of process B - [ ] B. Fixed costs of process A = Fixed costs of process B - [ ] Variable costs of process A = Fixed costs of process B - [ ] total costs of process A = total costs of Process B 2. What are the two dimensions of the service process matrix - [ ] Degree of customization and degree of capital - [ ] Degree of customization and degree of labor - [ ] Degree of volume and degree of variety d - [ ] All of the above 3. Which of the following strategies could be used when demand exceeds the capacity. - [ ] Stimulate the market through price reductions or aggressive marketing - [ ] Product changes. - [ ] decreasing prices of products - [ ] Discouraging marginally profitable business 4. Capacity decision determines which of the following? a. whether demand will be satisfied or whether facilities will be…Please elaborate on the significance of matching product requirements to production methods.This is for quantity food purchasing and production class! Why do school districts have to follow purchasing laws? What is the process they follow or the fundamental steps? How does this impact Food Service?
- Q What are the different types of product flows in a world-class manufacturing system? Q What is a traditional drum buffer rope model. Explain with proper diagrams.Explain us why it is so crucial to match product demands with production procedures.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…