wer for 3.2, 4.1 & 4.2 only This is for knowledge purposes
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- Elkay Plumbing Product Division : what strategic decisions, if any, which would be improved by implementing ABC costing in Elkay’s circumstances? How?Scenario: ABC is planning to expand its operations and wants to install Plant and Machinery (PM) costing Rs. 75 million. Direct cost including accessories and installation is estimated at Rs. 5 million. Customer has decided to contribute Rs. 20 million and the remaining amount will be contributed by XYZ Islamic Bank (the bank). PM was purchased on April 1, 2019. The installation process of PM would take 2 months. The tenure of Musharakah financing was agreed to be 5 years. Rentals will be paid biannually. Bank’s share will be divided into units and ABC will undertake to purchase the bank’s units biannually to become the sole owner of the asset. Answer to the following questions? 1. Devise the Process flow for the transaction. 2. At what time rentals will be started?How did you calculate the reduced cost, allowable increase, and allowable decrease in the table for range of opitmality?
- Question 1: Janana De Malucho Textile Mill Co., Ltd. produces and sells 40/s combed and 60/s combed yarns for air-jet looms, which are being sold at high prices. To this end, they hired people from nearby villages, where there are few job opportunities. Sher Zaman employees devised a cost reduction plan, but the production manager did not welcome it. Another employee, Waseem, made some suggestions to improve its design, but the production manager was also not satisfied.1.State the management principle violated in the above paragraph.2.Determine any two values that the company wants to convey to society and how? Explain in your own words?The S&OP team at Kansas Furniture, has received estimates of demand requirements as shown in the table. Assuming one-time stockout costs for lost sales of $100 per unit, inventory carrying costs of $20 per unit per month, and zero beginning and ending inventory, evaluate these two plans on an incremental cost basis: Plan B: Vary the workforce to produce the prior month's demand. The firm produced 1,300 units in June. The cost of hiring additional workers is $35 per unit produced. The cost of layoffs is $65 per unit cut back. (Enter all responses as whole numbers.) Note: Both hiring and layoff costs are incurred in the month of the change (i.e., going from production of 1,300 in July to 1000 in August requires a layoff (and related costs) of 300 units in August). A) see image B)The total cost, excluding normal time labor costs, for Plan B = C)The total stockout cost =Q4 Lab2 Subject: Production And operation Mnagement please answer ASAP
- Q2) Eagle Fabrication has the following aggregate demand requirements and other data for the upcoming four quarters. Quarter Demand Previous quarter's output 1500 units 1 1400 Beginning inventory 200 units 2 1000 Stockout cost $50 per unit 3 1500 Inventory holding cost $8 per unit at end of quarter 4 1300 Hiring workers $5 per unit Laying off workers $10 per unit Unit cost $30 per unit Overtime $10 extra per unit Which of the following production plans is better: Plan A—chase demand by hiring and layoffs; or Plan B—produce at a constant rate of 1200 and obtain the remainder from overtime? Finish the calculation. imageWinchester Hospital is a privately owned institution. The hospital is at full capacity, but the governing board would like to see an increase in revenue. They’ve tasked you, the hospital administrator, with finding ways to accomplish this. If you are able to raise revenue, the board will provide you with a significant year-end bonus. Currently, 50% of Winchester’s rooms can be converted from having one bed to having two beds, allowing for more patients to be admitted. Doctors, nurses, and other hospital staff are firmly against this move, especially because additional hiring is not planned. These stakeholders make up the vast majority of the hospital workforce. Evaluate this situation using both the utilitarianism and individualistic (ethical egoism) approaches. Define each approach and describe how each would resolve the decision. What would you expect the outcome of each decision to be? Support your conclusions with facts from the situation.What is aggregate planning?
- 1. Develop a level production plan for Covolo Diving Gear. What are the advantages and disadvantages of this plan? Could Covolo implement a pure chase plan, given the current capacity? Why? If sales continue to grow, what are the implications for production capacity at Covolo?What is aggregate planning? What is its purpose?Q3 The numbers for March are correct. Cost table: LayoffHiringInventory Totals: 36 36 55,209 Costs: $54,000 $162,000 $165,627 Cost of plan:$381,627 Planning values Starting inventory: 3,000 Starting and ending workforce: 214 Hours worked per month per hour: 240 Hours per unit: 30 Hiring cost per worker: $4,500 Layoff cost per worker: $1,500 Monthly per-unit holding cost: $3 Forecasted sales: Month Forecasted salesMarch 1,649April 1,427May 1,137June 976July 1,531August 1,976September 2,470October 2,529November 3,016December 2,910January 2,434February 1,945