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- Two competitors have the cost structure shown below. Which of the following statements are true Firm A Firm B Product 1 Units 500 200 Total costs (P1) $50,000 $18,000 Product 2 Units 500 1200 Total costs (P2) $100,000 $144,000 Total costs (P1 + P2) $150,000 $162,000 A. Firm A should lower its price on Product 2 B. Firm B is the low-cost producer. C. Firm B should lower its price on Product 1 and Product 2 D. Firm A is the low-cost producer E. Both A and B are trueNorthcutt manufactures high-end racing bikes and is looking for a source of gear sprocket sets. Northcutt would need 1400 sets a month. Supplier A is a domestic firm, and Suppliers B and C are located overseas. Cost information for the suppliers is as follows: Supplier A- Price of $150 per set, plus packing cost of $3.00 per set. Total inland freight costs for all 1400 units would be $550 per month. Supplier B- Price of $74.00 per set, plus packing cost of $2.00 per set. International transportation costs would total $4000 per month, while total inland freight costs would be $850 per month. Supplier C- Price of $97 per set, plus packing cost of $4 per set. International transportation costs would total $4800 per month, while total inland freight costs would be $1200 per month. The total landed cost per month for Supplier B is __$You have been asked to analyze the bids for 200polished disks used in solar panels. These bids have been submittedby three suppliers: Thailand Polishing, India Shine, andSacramento Glow. Thailand Polisillng has submitted a bid of2,000 baht. India Shine has submitted a bid of 2,000 rupees.Sacramento Glow has submitted a bid of $200. You check withyour local bank and find that $1 = 10 baht and $1 = 8 rupees.Which company should you choose? If the final destination is NewDelhi, India, and there is a 30% import tax, which firm shouldyou choose?
- You have been asked to analyze the bids for 200polished disks used in solar panels. These bids have been submittedby three suppliers: Thailand Polishing, India Shine, andSacramento Glow. Thailand Polisillng has submitted a bid of2,000 baht. India Shine has submitted a bid of 2,000 rupees.Sacramento Glow has submitted a bid of $200. You check withyour local bank and find that $1 = 10 baht and $1 = 8 rupees.Which company should you choose?You have been asked to analyze the bids for 200 polished disks used in solar panels. These bids have been sub-mitted by three suppliers: Thailand Polishing, India Shine, and Sacramento Glow. Thailand Polishing has submitted a bid of2,000 baht. India Shine has submitted a bid of 2,000 rupees.Sacramento Glow has submitted a bid of $200. You check withyour local bank and find that +1 = 10 baht and +1 = 8 rupees.Which company should you choose?In preparing for the upcoming holiday season, Fresh Toy Company (FTC) designed a new doll called The Dougie that teaches children how to dance. The fixed cost to produce the doll is $100,000. The variable cost, which includes material, labor, and shipping costs, is $35 per doll. During the holiday selling season, FTC will sell the dolls for $43 each. If FTC overproduces the dolls, the excess dolls will be sold in January through a distributor who has agreed to pay FTC $10 per doll. Demand for new toys during the holiday selling season is uncertain. The normal probability distribution with an average of 60,000 dolls and a standard deviation of 15,000 is assumed to be a good description of the demand. FTC has tentatively decided to produce 60,000 units (the same as average demand), but it wants to conduct an analysis regarding this production quantity before finalizing the decision. (a) Create a what-if spreadsheet model using formulas that relate the values of production quantity,…
- In preparing for the upcoming holiday season, Fresh Toy Company (FTC) designed a new doll called The Dougie that teaches children how to dance. The fixed cost to produce the doll is $100,000. The variable cost, which includes material, labor, and shipping costs, is $34 per doll. During the holiday selling season, FTC will sell the dolls for $42 each. If FTC overproduces the dolls, the excess dolls will be sold in January through a distributor who has agreed to pay FTC $10 per doll. Demand for new toys during the holiday selling season is uncertain. The normal probability distribution with an average of 60,000 dolls and a standard deviation of 15,000 is assumed to be a good description of the demand. FTC has tentatively decided to produce 60,000 units (the same as average demand), but it wants to conduct an analysis regarding this production quantity before finalizing the decision. Besides average profit, what other factors should FTC consider in determining a production quantity?…In preparing for the upcoming holiday season, Fresh Toy Company (FTC) designed a new doll called The Dougie that teaches children how to dance. The fixed cost to produce the doll is $100,000. The variable cost, which includes material, labor, and shipping costs, is $34 per doll. During the holiday selling season, FTC will sell the dolls for $42 each. If FTC overproduces the dolls, the excess dolls will be sold in January through a distributor who has agreed to pay FTC $10 per doll. Demand for new toys during the holiday selling season is extremely uncertain. Forecasts are for expected sales of 60,000 dolls with a standard deviation of 15,000. The normal probability distribution is assumed to be a good description of the demand. FTC has tentatively decided to produce 60,000 units (the same as average demand), but it wants to conduct an analysis regarding this production quantity before finalizing the decision. In addition to mean profit, what other factors should FTC consider in…Read the Case and Answer - Chen picked up the Q2 financial statement that had been distributed at the beginning of the meeting and said, "Orders? What orders? We made only 60% of our target for this quarter. When we set up this joint venture, we assigned our very best people to it--our best technicians, best salespeople, best managers. Why? Because we believed we could manufacture some of the best chemical products in the world and, in turn, get more orders. But look at this." He threw the statement down on the table. "Our performance is sinking fast. This joint venture has done nothing but hurt us. We have yet to see any return at all." Dolf Schulman requested Chen for a week’s time to discuss with his bosses at Almond Chemicals, Germany. Liu and his team of senior management were very demotivated after the meeting. Carryout a root cause analyses of the issues mentioned above by answering the following questions In Almond (Almond group including Chinese subsidiaries) how is the…
- Attached is an image of the Converse Chuck Taylor All Star Sneaker. It sells for approximately R1200 andcan be purchased at retailers like, Edgars, Sport Scene, Total sports, Superbalist and other sneakeroutlets. Q.1 - Is the Converse Chuck Taylor All Star Sneaker a consumer product or an Industrial product? Q.2 - A product is said to have 5 layers: Core, Tangible, Augmented, potential product and product image. Provide an example for the following layers in relation to the Converse Chuck Taylor All Star Sneaker.• Core• Tangible• Product image Q.3 - Converse would like to expand their product mix by adding new product lines. Should they use related or unrelated diversification. Choose one and whyA sourcing strategy is essentially a business case for an organisation to determine an optimal approach to procure resources. AusMed which manufactures medical ventilators, wants to procure a heating tube which is a critical component of humidification equipment. In comparison to the value of the ventilator, the heating tube cost less. Moreover, there are very few suppliers in the world that can supply the heating tubes. Outline the steps involved in the sourcing the heating tube? Discuss what sourcing strategy that AusMed needs to adopt while procuring heating tube?Is it possible to keep production prices below those of the competition?Explanation