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- Zodiac Furniture is considering the production of anew line of metal offi ce chairs. Th e chairs can be producedin-house using either process A or process B. Th e chairs canalso be purchased from an outside supplier. Specify the levelsof demand for each processing alternative given the costs in thetable. Fixed Cost Variable Cost Process A $20,000 $30Process B $30,000 $50Outside Supplier $0 $50To automate one of its production processes, theMilwaukee Corporation bought three flexible manufacturing cells at a price of $400,000 each. Whenthey were delivered, Milwaukee paid freight chargesof $20,000 and handling fees of $15,000. Site preparation for these cells cost $45,000. Six foremen, eachearning $20 an hour, worked five 40-hour weeks toset up and test the manufacturing cells. Special wiring and other materials applicable to the new manufacturing cells cost $3,500. Determine the cost basis(amount to be capitalized) for these cells.A publishing company sells 400,000 copies of certain books each year. It costs the company $1 to store each book for a year. Each time it must print additional copies, it costs the company$500 to set up the presses. How many books should the company produce during each printing in order to minimize its total storage and setup costs? (a) The company should producen______books each printing in order to minimize costs.
- Assume that a product sells for $100 per ton and thatPittsburgh is the basing-point city for calculating transportation charges. Shipping from Pittsburgh to a potentialcustomer in Cincinnati costs $10 per ton. The actual shipping costs of suppliers in three other cities are $8 per tonfor Supplier A, $11 per ton for Supplier B, and $10 per tonfor Supplier C. Using this information, answer the followingquestions:a. What delivered price would a salesperson for Supplier Aquote to the Cincinnati customer?b. What delivered price would a salesperson for Supplier Bquote to the Cincinnati customer?c. What delivered price would a salesperson for Supplier Cquote to the Cincinnati customer?d. How much would each supplier net (after subtractingactual shipping costs) per ton on the sale?Question: Indicate whether the following statemnts are true or false:- a) If the firm increases the volume of used resources by 30%, and the volume of production thus increases by 20%, then there is a positive effect of the production scale. b) Average fixed costs decrease as production increases. c) The economic profit usually exceeds the accounting profit. Thanks!1. Suppose Firm A has a budget of P1.5 million pesos in outsourcinginputs, labor and machines, that would lend support in its 1 yearoperation. Suppose further that the cost of labor for 1 year is P150,000and for a machine is P200,000. If it decides to hire 6 laborers, howmany machines would it accept?
- Metters Cabinets, Inc., needs to choose a productionmethod for its new office shelf, the Maxistand. To help accomplishthis, the firm has gathered the following production cost data: PROCESS TYPE ANNUALIZEDFIXED COST OFPLANT & EQUIP. VARIABLE COSTS (PER UNIT) ($)LABOR MATERIAL ENERGY MassCustomization $1,260,000 30 18 12Intermittent $1,000,000 24 26 20Repetitive $1,625,000 28 15 12Continuous $1,960,000 25 15 10Metters Cabinets projects an annual demand of 24,000 units forthe Maxistand. The Maxistand will sell for $120 per unit. a) Which process type will maximize the annual profit from pro-ducing the Maxistand? b) What is the value of this annual profit?2. Abbreviate the following: GATT NATO TRIPS IRBD2. A small-scale manufacturer can sell q number of units of each product produced per week at a price of (18 – 0.02q) pesos. It costs P8 to make each unit of the product. The fixed cost associated with producing and selling the product weekly is P450. Determine: a. The TR, TC and profit Function. b. Production level to break-even. c. Production level to maximize profit. d. Maximum profit at this level. e. Interpret the meaning of the two break-even points.
- A small manufacturing plant makes three types of inflatable boats: one person, two-person,and four-person models. Each boat requires the services of three departments, as listed in thetable. The cutting, assembly, and packaging departments have available a maximum of 380,330, and 120 labor-hours per week, respectively.Department One-PersonBoatTwo-PersonBoatFour-PersonBoatCutting 0.5 hr 1.0 hr 1.5 hrAssembly 0.6 hr 0.9 hr 1.2 hrPackaging 0.2 hr 0.3 hr 0.5 hra) Calculate how many boats of each type must be produced each week for the plant tooperate at full capacity.b) Calculate how is the production schedule in part (a) affected if the packagingdepartment is no longer used.c) Calculate how is the production schedule in part (a) affected if the four-person boat isno longer producedProblem 1. During your first month as an employee at Greenfield Industries (a large drill-bitmanufacturer), you are asked to evaluate alternatives for producing a newly designed drill bit on aturning machine. Your boss’ memorandum to you has practically no information about what thealternatives are and what criteria should be used. The same task was posed to a previous employeewho could not finish the analysis, but she has given you the following information: An old turningmachine valued at $350,000 exists (in the warehouse) that can be modified for the new drill bit.The in-house technicians have given an estimate of $40,000 to modify this machine, and they assureyou that they will have the machine ready before the projected start date (although they havenever done any modifications of this type). It is hoped that the old turning machine will be able tomeet production requirements at full capacity. An outside company, McDonald Inc., made themachine seven years ago and can easily do the…Question: The total annual fixed costs of PAKEL Incorporated Company that manufactures and sells goods X are 9000 TL, the unit sales price is 6.25 TL, and the unit exchange cost is 3.25 TL. In case the enterprise works at full capacity, 6000 products are produced annually. With this information;a) The amount of production at the point of transition to profit,b) Calculate the sales income and Capacity utilization degree at this point.c) Show the transition point to Profit in a graph. (TL=Turkish Lira) I'd be happy if you solve a,b and c sections. Have a nice day!