The following table shows the fixed cost and variable cost for 3 locations. Construct cost curves for these 3 locations for production from 0 to 200 units at 20 units intervals. What would be the range of production units that would give Location A a competitive advantage? What would be the range for Location B and Location C, respectively?
Q: What is the constraint for Dominican beans? Multiple Choice 12A + 8B ≤ 4,800. 8A + 4B ≤…
A: Here, from the given case, I would formulate the LP, this is an optimization problem, the purpose…
Q: 1. is the movement of materials into the facility. A Material Management B. Transportation C.…
A: Material Management The goal of materials management is to have the appropriate stuff available to…
Q: 10. Using the Key steps of the Basic Purchasing Process, cite an example of an industrial purchase…
A: The procurement process is a variable process that varies with respect to industries. However, the…
Q: What is the economic order quantity? The EOQ is ______ units (round your response to the nearest…
A: Economic order quantity is a measurement of the number of units needed to fulfill the customer’s…
Q: Based on the percentages of dollar volume, item number 1289 should be classified as Item number 2349…
A: Production is the process in which inputs are combined to have the required output. It includes a…
Q: Find the optimal solution to this linear programming problem. Min 3X+3Y s.t. 12X+4Y>=60…
A: NOTE : As no particular, method has been specified, I have solved this using graphical method.…
Q: Find the optimal solution to this linear programming problem. 5X + 3Y (x, y) = Max s.t. 2X + 3Y≤ 35…
A: Given data:
Q: manufacturing-Production Planning A mining company owns 2 different mines that produce ore, which is…
A: The objective for any linear programming problem including cost is to reduce the cost, if it…
Q: n the problem on excel : 1.What are the decision variables 2.What is the objective functions 3. What…
A:
Q: In the problem on excel : 1.What are the decision variables 2.What is the objective functions 3.…
A:
Q: Using the Simple Moving Average OR Weight moving average calculate sales forcast for the next…
A: A 3-period moving average is a type of forecasting technique that can be used to predict the future…
Q: a) What is the value of your forecast? The value of the forecast is patients (round your response to…
A: Forecasting is a technique used to predict future outcomes on the basis of past data. In businesses…
Q: Given the situation above with an output rate of five units per hour, a) Draw the network precedence…
A: Project schedule helps in calculating different values all related to the production cycle like the…
Q: What is good manufacturing practices and its significance.
A: Good manufacturing practices is a process which ensure the production based on standards.…
Q: Which term describes a product produced as part of a project? Work package Deliverable…
A: All outputs, physical or intangible that were already presented as part of something like a…
Q: Consider the following project activities: Activity Name Immediate Predecessor (list number/ name,…
A: Given data is
Q: Procurement is just like plants and animals, it’s born, it grows, it matures and eventually dies’.…
A: The process and methods involved in purchasing or obtaining any material, good or thing that a…
Q: The NextGen distribution is working on improving inventory management by performing an ABC Analysis.…
A: Find the Given details below: Given details: Item Hits Criticality 1 A B 2 C B 3 B C 4…
Q: The following are considered part of the EOQ computation: A) Holding costs B) Inventory costs C)…
A: To cut costs related to transportation, warehouse space, stockouts, and overstocks, firms employ an…
Q: The following is given: Price Variable cost Fixed cost $8.00/unit $4.00/unit $50,000 a) Based on the…
A: Break-even point relative with many fields such as business, finance and so on. It is that point…
Q: i cant find the answer for societal supply chain management
A: The green supply chain is simply a supply chain that focuses on protecting the environment or at…
Q: After reading about economic predictions, Debbie Gibson (see problem #4) has assigned the…
A: Given data:
Q: c) Choose the correct Pareto chart for the type of defects that have occurred. O A. 50- 40- 30- 20…
A: Here, from the above table, we could see that there are various reasons for defective shipment,…
Q: ose loves to eat out in area restaurants. His favorite foods are Mexican, Italian, Chinese, and…
A: Given: Cost of Mexican meal (M) = 400 Cost of Italian meal (I) = 600 Cost of Chinese meal (C)= 360…
Q: 12. Lead time for completion of a job is a function of capacity and
A: Lead time refers to the time from receipt of a job till its completion. There are various factors…
Q: You want to develop a three-sigma R-Chart. You know the average range is 6 based on several samples…
A: A control chart is a graphical representation of data that is used to monitor or improve the…
Q: List out the benefits of biometric authentication?
A: Ans) Biometric authentication as the name suggests it is the process of authenticating each and…
Q: The following data relates to the number of passengers the Mussina border post between Zimbabwe and…
A: Find the given details below: Given details Maximum Passengers (Design Capacity) 5000…
Q: Operations Management CH 3 QUESTION 22 Tucson Machinery, Incorporated, manufactures numerically…
A: Given data:
Q: The production planner for Fine Coffees, Inc. produces two coffee blends: American (A) and British…
A: The detailed solution is given in Step 2
Q: The Brew House needs to decide which of two coffee maker designs is better environmentally. Using…
A: We know that, Revenue retrieval = Total of Resale revenue + Total of recycling revenue - Total of…
Q: What type of distribution network is shown in this diagram? Manufacturers Retailer Customers Product…
A: A manager must make two important high-level distribution decisions namely: If the product needs to…
Q: Discuss the protocols that have been put in place to facilitated the change in the hotel operating…
A: Covid 19 or Coronavirus is an infectious disease that started spreading in 2019. It is a disease…
Q: Explain how waiting lines can develop even when the service time is a constant.
A: The waiting line is the length of time that a customer has to wait before they are served. The…
Q: Thanks and the cost of capital is not necessary to solve this problem?
A: Economic order quantity = sqrt ((2 X D X S)/H)) Number of orders = D / EOQ Months of supply =…
Q: complete the table
A: Given data is
Q: Reconstruct the given Business Process. Identify process that can be grouped into a sub-process.…
A:
Q: Which of the following best explains why location pooling, lead-time pooling, and delayed…
A: Location Pooling: Location Polling is defined as it is a strategy which helps to…
Q: Portfolio Management If x dollars are invested in a company that controls, say, 30% of the market…
A:
Q: what is the cause and effect diagram and discuss its benefits and application in the project…
A: A cause-effect is a graphic tool used to graphically depict potential explanations for a particular…
Q: SITUATION 5: A cement kiln with production capacity of 130 tons per day (24 hours) of clinker has at…
A: Given data: The production capacity of the cement kiln =130 tons/day A magnesite chrome brick…
Q: Do you need to do anything with the fact that he has only $190 in cash with him?
A: Given data is Item Cubic feet Price ($) Weight Resell value ($) Studs 1 0.10 5 0.80 Plywood…
Q: Draw out the below process: Customer places an order, the order is the specified a delivery time…
A: Different steps found in the given process are listed below. Placing an order with a delivery time…
Q: What is the crossover point in miles between the hybrid vehicle and the alternative vehicle from a…
A: The Cost of the two cars must equal zero at the crossover point. Any vehicle's total Cost is the sum…
Q: Construct a decision tree of the above situation clearly identifying the decision and chance nodes.…
A: A decision tree is a visual representation of the possible outcomes of a decision, with the…
Q: want to optimize some legacy processes within your organization. How might you go about it?
A: Many service departments use legacy systems, which are those that were created using antiquated…
Q: 1. Inventory Problem Figure 6 shows the inventory levels of dried Rainier cherries at a natural food…
A: From the graph given following data can be obtained. Inventory range = 180 pounds Order-reorder…
Q: The selling price per box for Cynthia's Cookies is $20.24. Fixed costs are $60,000 and the variable…
A: Selling Price per box = SP = $20.24 Fixed Costs = FC = $60000 Variable Cost per box = VC = $10.43
Q: Develop a project network for this problem. b) Determine the EST, EFT, LST, LFT, and slack for each…
A: The critical path is the most important task that needs to be completed first before the project can…
Q: Year Year Forecast (000) 1 2 3 4.00 7.00 5.00 1 5.00 Registrations (000) a) Calculate the forecasted…
A: The exponential smoothing forecast is a form of time series forecasting that is used to predict…
The following table shows the fixed cost and variable cost for 3 locations. Construct cost
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 5 images
- Ray Holt seeks an investment for his new business. The investor will bear all the costs(fixed + variable) and wants a rate of return of at least Y%. For the business fixed cost is Fc, selling price of a unit is Sp, and Cost of production of a unit is Cp. How many units, x, should Ray Holt maketo meet the investor’s rate of return requirement? If the requested rate of return is 10%, fixed cost is $10,000, selling price is $5, and cost of production is $3, how many units should be made?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 trueThe Hesper Corporation is a leading manufacturerof high-quality upholstered sofas. Current planscall for an increase of $600,000 in the advertisingbudget. If the firm sells its sofas for an averageprice of $850 and the unit variable costs are $550,then what dollar sales increase will be necessaryto cover the additional advertising?
- 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 why“Did the Austin wedding contract you were working on go out yet?” asked Tonya Roberts, the executive director of the downtown convention center operated by the city of Springdale. “Yes, I mailed it to them yesterday after we talked about it,” replied Lara, the Center’s DOSM and revenue manager for space rental. “Why do you ask?” “I just got off the phone with the mayor’s office. They want to hold a big fundraiser for his reelection campaign in the ballroom the same night the Austin wedding wanted to reserve it. The wedding was for 200 people right?” continued Tonya. “That’s right. 200 people at about $150 a head; it’s a nice piece of business. About $30,000,” said Lara. “Well the mayor expects 1,000 people, at $100 per person. And don’t forget, he’s the boss. We can’t hold both events. I need you to call the Austins and tell them you made a mistake. Tell them the room is already booked that night. They’ll need to find another space.” What would you advise Lara to do if she asked you…A leading manufacturer of video games is about to introduce four new games. The accompanying tablesummarizes price and cost data, Combined fixed costs equal $600,000. A marketing research study predicts thatfor each unit sold of Diablo, 2 units of Call of Duty: Modern Warfare, 3 units of Sekiro and 4 units of Starcraft IIwill be sold.GamesDiablo Call of Duty Sekiro Starcraft IISelling Price (in dollars) 55 48 33 22Variable cost/unit (in dollars) 22 17 12 11a) How many product mix units must be sold to break even?b) How does it translate into sales of individual games?
- 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…Given the variable costs (VC) and fixed costs (FC) from the table below, calculate the range for which each option minimizes cost Option FC_(R) VC (R/Unit) A 50000 2 B 100000 1 C 60000 1.4Your manager is quite concerned about the recent deterioration of a section of the roof on a building that houses your firm's computer operations. According to your assistant there are three options which merit consideration: A, B, and C. Moreover, there are three possible future conditions that must be included in the analysis: I, which has a probability of occurrence of .5; II, which has a probability of .3; and III, which has a probability of .2. If condition I materializes, A will cost $12,000, B will cost $20,000, and C will cost $16,000. If condition II materializes, the costs will be $15,000 for A, $18,000 for B, and $14,000 for C. If condition III materializes, the costs will be $10,000 for A, $15,000 for B, and $19,000 for C. (A) Draw a decision tree for this problem (B) Using expected monetary value, which alternative should be chosen? Explain your Answer.
- 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,…A firm’s manager must decide whether to make or buy a certain item used in the production of vending machines. Making the item would involve annual lease costs of $150,000. Cost and volume estimates are as follows Make Buy Annual fixed cost $150,000 None Variable cost/unit $ 60 $ 80 Annual volume (units) 12,000 12,000 Given these numbers, should the firm buy or make this item? There is a possibility that volume could change in the future. At what volume would the manager be indifferent between making and buying?Ally’s friend, Kat, is going to start selling cookies for her at local events. Ally is going to give her 40% of the gross profit for each dozen she sells as a commission. The investment and fixed costs have changed but the variable cost for each dozen cookies has not. Since the cookies are so popular they are raising the price to $15 per dozen. Ally’s costs are: Initial investment: $450Fixed costs: $375Variable costs: $3 (per dozen) Ally expects Kat to sell 100 dozen cookies at each event. What is Ally’s projected NET profit after ALL expenses including her initial investment for the first twelve events Kat attends and how much will Kat make in commissions? Ally’s Net Profit = ; Kat’s Commission = Question 18 options: 1) Ally’s Net Profit = $13,575; Kat’s Commission = $3,600 2) Ally’s Net Profit = $10,185; Kat’s Commission = $4,800 3) Ally’s Net Profit = $7,815; Kat’s Commission = $5,760 4) Ally’s Net Profit = $9,815; Kat’s Commission = $6,760