Select the best answer from the five listed below to fill in the blank. costing is used to describe the way in which we identify the full cost per unit of output where the units of output differ. O a. Marginal O b. Batch O c. Full O d. Job O e. Process
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- State whether the statment is true or false: 1. Measurement of productivity in service is more straightforward than in manufacturing since it is not necessary to take into account the cost of materials. 2. Seasonality in demand has the advantage of leveling out requirements for our product or service. 3. The goal of aggregate planning is to achieve a production plan that attempts to balance the organization's resources and meet expected demand. 4. Most people encounter operations only in profit-making organizations. 5. Government statistics are a good source of data about productivity trends in the service sector. 6. Service often requires greater labor content, whereas manufacturing is more capital intensive. 7. The greater the degree of customer involvement, the more challenging the design and management of operations. 8. Organizations facing seasonal changes in demand are prevented from using aggregate planning techniques. 9. Tracking productivity measures over time enables…Chase strategy is considered a sales and operations planning strategy such that: Select one: a. involves hiring and laying off staffs to match the demand forecast b. includes overtime, under-time, and vacation planning to match the demand forecast c. Build anticipation inventory to meet the variability in demand. d. deliberates the full range of supply optionsAssess plan A: strategy that hires and fires employees to meet the forecasted demand. Assess plan B: strategy that produces 1,200 cases per quarter and meets the forecasted demand with inventory and subcontracting.
- Briefly discuss the advantages and disadvantages of each of these planning strategies:a. Maintain a level rate of output and let inventories absorb fluctuations in demand.b. Vary the size of the workforce to correspond to predicted changes in demand requirements.c. Maintain a constant workforce size, but vary hours worked to correspond to predicted demandrequirements.Jill has decided that the BackPack Company must havevery good customer service. She has asked you to develop a levelaggregate plan using inventories but not back orders. All demandmust be met each period. You must:(a) Calculate the aggregate production rate.(b) Calculate the appropriate workforce given the aggregateproduction rate.(c) Show what would happen if this plan were implemented.(d) Calculate the costs of this plan.(e) Evaluate the plan in terms of cost, customer service,operations, and human resources.e. What is the daily production rate for this product if the company adopts the balanceyou determined in part (c)? (Assume a six-hour day for your calculations.) Whatwould have to be done if the company wanted a higher rate of production?
- A common planning horizon for productionactivities isa. one day.b. a week.c. a month.d. six months.e. one year.You are selling a new line of T-shirts on the boardwalk. The selling price will be $25 per shirt. The labor cost is $5 per shirt. The administrative costs of operating the company are estimated to be $60,000 annually, and the sales and marketing expenses are $20,000 a year. Additionally, the cost of materials will be $10 per shirt. What is the break-even quantity? Multiple Choice 2,000 shirts 3,200 shirts 5,334 shirts 8,000 shirts 16,000 shirtsThe owner of a large machine shop has just finished its financial analysis from the prior fiscal year. Following is an excerpt from the final report: Net revenue $375,000 Cost of goods sold 322,000 Value of production materials on-hand 42,500 Value of work-in-process inventory 37,000 Value of finished goods on-hand 12,500 Compute the inventory turnover ratio (ITR). Note: Round your answer to 1 decimal place. Compute the weeks of supply (WS). Note: Do not round intermediate calculations. Round your answer to 1 decimal place.
- Please do not give solution in image formate thanku. Develop a production plan and calculate the annual cost for a firm whose demand forecast is fall, 10,000; winter, 8,000; spring, 7,000; summer, 12,000. Inventory at the beginning of fall is 500 units. At the beginning of fall, you currently have 30 workers, but you plan to hire temporary workers at the beginning of summer and lay them off at the end of summer. In addition, you have negotiated with the union an option to use the regular workforce on overtime during winter or spring if overtime is necessary to prevent stock outs at the end of those quarters. Overtime is not available during the fall. Relevant costs are hiring, $100 for each temp; layoff, $200 for each worker laid off; inventory holding, $5 per unit-quarter; backorder, $10 per unit; straight time, $5 per hour; overtime, $8 per hour. Assume that the productivity is 0.5 unit per worker hour, with eight hours per day and 60 days per season.Fill in the costs and benefits (including the discounted values) up till year 20 to find the total cost and benefit. Please show the results using the maximum trash amount and the maximum operating cost. parameters trash amount 700 min amount 700 max amount 900 days 260 sorting cost 10 operating cost 80 min cost 50 max cost 80 landfill saving 100 mulch cost 10 discount 0,03 % compostable 58% costs year sorting cost discounted cost 0 $ - $ - 1 $ 1.820.000,00 $ 1.766.990,29 2 3 etc total sorting cost: pv formula year operating cost discounted cost 0 $ - $ - 1 $ 8.444.800,00 $ 8.198.834,95 2 3 etc total operating cost: pv formula year…Please only answer parts f) rank pays 50,000/year in fixed costs. If his shop sells Q cups of tea in a year, the other costs add up to be 10000/Q + Q/20000 per cup of tea What is the: a) average fixed cost, b) average total cost c) variable cost and marginal cost (derived from the the variable cost) d) the annula production level such that the average variable cost is minimised e) the difference between the marginal cost and average variable cost at this production level f) supports Frank's cafe is small and cant influence market price. If price is P=4 use the forumula for marginal cost to the find the cafe's (short-run) profit maximising quantity of tea in a year. Also, show that at profit maximising quantity, price is greater than ATC so that Frank will operate