Your startup company is considering manufacturing 5,000 units annually of a simple but important component for an aerospace contractor. With your existing resources, you priced the startup tooling to cost $1,000, and the cost to produce each unit will be $1.50. Alternatively, you can purchase an automated system for $15,000 which will reduce the cost per unit to $0.50. Neglecting interest, the breakeven point (years) is most nearly: O 2.8 3.6 15.0 never
Q: please help me with Question 3 thanks! Demand forecasts for 2021 are as follows: Month Demand…
A: Level plan means the number of workers will remain constant throughout the production horizon.…
Q: is it possible to show the formula in a excel spreadsheet, so i can have a better understanding.
A: Formulae used: Adjusted exponential smoothing method:- Ft=FITt-1+ α (At-1 – FITt-1) Tt= Tt-1+ β(Ft–…
Q: Matilda had an appointment at the dentist's office, but couldn't make it on time due to traffic. By…
A: Introduction: Service is a set of activities through which an organization or a company achieve…
Q: What is your forecast for next year's sales? (Do not round intermediate calculations and round your…
A: The least squares method of forecasting is based on the principle that the sum of squared errors…
Q: What is your forecast for next year’s sales?
A: The least squares method is a statistical technique that is used to estimate the parameters of a…
Q: A regional bank training centre has the physical ability to handle 1,300 participants. However,…
A: Given, Actual output = 990 participants Effective capacity = 1100 participants Design capacity =…
Q: b. What is the optimal shipment size? Note: Assuming 50 weeks per year. Round your answer to the…
A: Given dat Annual Demand (D) = 50 x 250 = 12500 Units Fixed Ordering Cost Per Order(O…
Q: Problem 3: Write the MOST equation for the task and calculate the Normal time for the process (in…
A: MOST (Maynard operation sequence technique) is the time and motion study technique used in…
Q: Gator Beach Marts, a chain of convenience grocery stores in the Fort Lauderdale area, has store…
A: Remember all these formulas: High low Method Variable Cost = (Highest Activity Cost-Lowest Activity…
Q: b) Given the demand, the cycle time for the production of the new train set = ____ (round your…
A: As per Bartleby guidelines, we can only solve the first three subparts of one question at a…
Q: Boreki Enterprise has the following 10 items in inventory. Theodore Boreki asks you, a recent OM…
A: Given data: Item Code Annual demand Cost/unit A2 10 120.00 B8 4000 12.00 C7 1500 45.00 D1…
Q: A simple three month moving average. ii. A three period weighted moving average using weights of…
A: Forecasting is the process of predicting future events by looking at past data and trends.…
Q: What are some of the approaches of positioning products and services?
A: A service seems to be an intangible good that results from the labor of one or more people, whereas…
Q: Peter's International Barbershop is a popular haircutting and styling saloon near the campus…
A: Given data: Arrival Time = 2 customers in 10 minutes Service Time = 3 minutes Server = 1 Service…
Q: Planning for quality is necessary but often forgotten or dismissed function on a project. Discuss…
A: A project quality plan is one of the important component of the project management. At the…
Q: ending inventory
A: Gross Profit Margin = 55% Beginning Inventory = 142,000 Net Purchases = 202,000 Net Sales = 433,000
Q: A serial system is assembled in house from 20 parts. To be successful in the marketplace the system…
A: A reliability block diagram (RBD) is a method to depict the contribution of reliability of component…
Q: Problem 4: Write the MOST equation for the task and calculate the Normal time for the process (in…
A: MOST (Maynard operation sequence technique) is the time and motion study technique used in…
Q: If D = 7,700 per month, S = $48 per order, and H = $2.50 per unit per month, a) What is the economic…
A: Economic order quantity is the quantity of material that can purchased at minimum cost. The…
Q: b A manufacturer of Golf Cart purchases the seat portion of the stroller from a supplier who lists…
A: If the calculated EOQ falls in given range, the EOQ will be considered else the lower limit of the…
Q: An ad agency tracks the complaints, by week received, about the billboards in its city:…
A: Find the answers below: The Suitable chart is C-chart. C- Chart: C Chart is defined as it is an…
Q: How do each of the following budget tools assist in resource management? Budgeted Compared to…
A: Resource management refers to a systematic way of handling and monitoring precious resources of the…
Q: Lower days of supply means, ____ inventory. Lower turns means ____inventory. A) More , less B)…
A: Inventory directs to business goods & outcomes that are inclined to sell, with the raw materials…
Q: Q-1)Find the optimal solution for the Lpp below by using the graphical method ? Max z=X1+X2 S.TO…
A: Find the Calculations below: Graph: Based on the above graph we conclude that the feasible region…
Q: If the duration of each activity is known with certainty, then the critical path method can be used…
A: A network diagram related to the project shows the sequence of the task that is performed to…
Q: 2. You've decided to buy used books at the end of the Fall semester to sell to spring students.…
A: Given data: Selling cost = $30 Cost price= $15 Demand 0 25 50 75 100 Probability 0 0.40 0.20…
Q: 6. The defect rate for your product has historically been about 4.50%. For a sample size of 500,…
A: Given data Defect rate P = 4.50 %=4.50100 = 0.045Sample size (n) = 500
Q: South Beach University is conducting an online exam. There are 1,200 students taking this exam.…
A: Little’s Law: Little’s Law is defined as the long-term average number of customers…
Q: In an M/M/1 queueing system, the arrival rate is 8 customers per hour and the service rate is 11…
A: Given, Arrival rate λ = 6 / hour Service rate μ = 8 / hour (1) Probably that server will be idle P…
Q: Which of the following graphs correctly portrays the relationship between inventory level (y-axis)…
A: Economic Order Quantity (EOQ) is a technique using for identifying the optimal ordering quantity…
Q: The following information relates to a project (task times are in weeks). Use the information to…
A: Given, Desired completion time X= 36 weeks Formulae: Expected time μ= (to+4*tm+tp)/6 Variance =…
Q: hat are the top ten risks associated with IT project management?
A: 1. Technology riskThe technological part of running a project is a complex deliverable since there…
Q: Part e & f is incorrect e.)Ls=3.125+0.75=3.875 ships f.) Lq=(6^2(1/6)^2+0.75^2)/2(1-.75)=3.125…
A: Given that: Arrival rate (A) 6 Service rate (S) 8 number of servers C 1
Q: For each task not on the critical path, by how much could the start be delayed assuming that each…
A: Maximum possible delay in each non critical activity(activity not on the critical path) is the sum…
Q: The following table shows the number of televisions sold over the last ten years at a local…
A: Your historical sales data are used in trend projection to forecast your future sales. It is the…
Q: 4. AlwaysRain Irrigation, Inc. would like to determine capacity requirements for the next four…
A: Formulas to be used: % of capacity used=Total demand production capacity per 1000 units per…
Q: M&D Chemicals produces two products that are sold as raw materials to companies that manufacture…
A: Objective Functions and Constraints: Based on the given details, the objective…
Q: Importance of Quality control and Quality assurance for the national and international…
A: Quality is now seen as an issue of concern by many different parties both inside and outside of the…
Q: A food manufacturer wants to locate a warehouse to serve its major The customers, annual volume, and…
A: Center of gravity method is a model which considering the annual volume and the coordinate values…
Q: Which of the following is likely to be data rather than information? a. Top 3 suppliers with the…
A: Data: Data is a collection of unprocessed, raw facts and information, such as text, observations,…
Q: The critical path method is a. capital oriented b. personnel oriented c. activity oriented d.…
A: Project management is the specific form of management that assists in handling projects To set it…
Q: Company XYZ, Inc. purchases widgets from a supplier at a cost of $20 per unit and sells the widgets…
A: Inventory management is the process of forecasting and controlling inventory levels, in order to…
Q: Consider the following crash data for a project. Times are given in weeks. ACTIVITY A B C What will…
A: Project crashing is a process which helps to reduce the total duration of the project using…
Q: 2. The overall average on a process you are attempting to monitor is 50.0 units. The process…
A: Given data: Process mean = 50.0 units Population standard deviation σ= 1.72 units Sample size (n) =…
Q: a) Identify verbally the decisions to be made, the objective and the constraints( b) Formulate the…
A: As per Bartleby guidelines, we can only solve the first three subparts of one question at a…
Q: Explain with examples the purpose of sampling in research.
A: Introduction: In research, sampling means, creating small set of groups based on similar trends or…
Q: The table below provides financial information for a hardware retailer. What is the retailer's…
A: Given data; Cost of goods sold 33180 units Average inventory 8000 units No. of days 365…
Q: b) What percentage improvement is needed in a sales strategy for profit to improve to $40,800? What…
A: Profit = Sales - Cost of supply chain purchases - Other Production costs - Fixed Costs Given, Profit…
Q: Tyler Apiaries sells bees and beekeeping supplies. Bees (including a queen) are shipped in special…
A: The capacity of a process to deliver outputs within a customer-generated set of "specification…
Q: A payoff table is given as s1 s2 s3 d1 250 450 500 d2 300 -250 900 d3 400 500…
A: Expected value method EV=(s1×p1)+(s2×p2)+(s3×p3) Conservative decision-maker A conservative…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Manufacturing Direct Labor: Fixed or Variable?To retain skilled employees instead of letting them go when demand falls, Lincoln Electric trainsemployees for other tasks in the company. The Cleveland-based manufacturer of welding and cuttingparts has integrated the approach in all its operations so that it can guarantee employment for all employees who have been with the company for 3 or more years. This policy has worked for more than 60 years.Other companies such as Nestlé and Apex Precision Technology accomplish the same goal ofkeeping their employees as demand fluctuates by using part-time arrangements with the employees.Required Discuss whether manufacturing labor should be considered a fixed or a variable cost at thesecompanies.A fundamental trade-off in the design of any business system is between efficiency and flexibility: one can't have ultimate efficiency and infinite flexibility at the same time. The simplification and standardization required to improve the efficiency of an operation inevitably restrict the things the system can do. In addition, the short-term changes and decisions needed to make an operation more flexible inevitably disrupt the smooth and predictable process flow needed for optimal efficiency. In the readings, you have seen that different system design philosophies and tools tend to generate different balances between efficiency and flexibility, which, in theory, allows you to design a system with the optimal balance between the two. As you have learned, the optimal balance between efficiency and flexibility depends on the competitive environment an organization expects to face in the future. You have also learned in this course that the future is notoriously hard to predict,…Assume you are the project manager for the Tidal 2 software project. You have been asked to calculate the expected cost for the project. Your company’s database indicates that developers can handle eight function points each person-month and that the cost per developer at your firm is $6,000 per month. You and your team of five developers have come up with the following requirements: (Round your "Estimated duration" answer to 2 decimal places.) Elements Count Complexity Inputs 15 Low Outputs 9 Low Inquiries 9 High Files 33 Medium Interfaces 23 High Calculate the total number of function points and the estimated cost and duration of the Tidal project? (Use “complexity weighting”). estimated total number of function points estimated cost estimated duration months
- Concord, Inc. is unsure of whether to sell its product assembled or unassembled. The unit cost of the unassembled product is $12, while the cost of assembling each unit is estimated at $14. Unassembled units can be sold for $59, while assembled units could be sold for $65 per unit. What decision should Concord make? Process further; the company will save $8 per unit. Sell before assembly; the company will save $8 per unit. Sell before assembly; the company will save $4 per unit. Process further; the company will save $6 per unit.Bagot Copy Shop has a volume of 125,000 black-and-whitecopies per month. Two salespeople have made presentationsto Gordon Bagot for machines of equal quality and reliability.The Print Shop 5 has a cost of $2,000 per month and a variablecost of $.03. The other machine (a Speed Copy 100 ) will costonly $1,500 per month, but the toner is more expensive, drivingthe cost per copy up to $.035. If cost and volume are the onlyconsiderations, which machine should Bagot purchase?How much experience have you had operating an equipment ? whst is your prpficency , please give example with star method
- The one in bold, I already sold. Spartan Castings must implement a manufacturing process that reduces the amount of particulates emitted into the atmosphere. Two processes have been identified that provide the same level of particulate reduction. The first process is expected to incur $340,000 of fixed cost and add $40 of variable cost to each casting Spartan produces. The second process has fixed costs of $100,000 and adds $70 of variable cost per casting. a. What is the break-even quantity beyond which the first process is more attractive? The break-even quantity is 8000 castings. b. What is the difference in total cost if the quantity produced is 5,000? The total cost of process 1 is greater. Find the difference in total cost?hich statement below is True, and which one is False? For the False ones explain why they are incorrect (or what is the correct statement) 3-1) Process imperfections are a result of waste in a process 3-2) Inputs are transformed into outputs of a process through the network of activities, and by the help of the resources and information 3-3) 5 why is a technique through which the current state performance of a process can be measured 3-4) Job shop is a process architecture that allows producing large volumes of standard products 3-5) Operational frontier refers to the position of the best companies in each market in terms of their product attributes 3-6) 5S is a technique for root-cause analysisYou are employed at ABC Computer Inc. as an engineer in their computer architecturedivision that produces the ABC-8 a desktop computer system. There are four possibleperformance improvements. However, the budget will only allow for only oneimprovement. Your boss wants you to recommend the improvement that will provide thegreatest speedup and provide supporting justification. The options are listed below.Operation Percentage of Use Time BeforeEnhancementRead 25% 800nsWrite 15% 950nsProcessing 50% 8nsI/O 10% 500μs (micro-second)• Option A: Reduce the time needed for the Read operation to 600 ns.• Option B: Reduce the time needed for the Write operation to 550 ns.• Option C: Reduce the time needed for the Processing operation to 6 ns.• Option D: Reduce the time needed for the I/O operation to 350 µs (microsecond)
- Dingizwe Manufacturing Corporation has a flat-file processing system. The information processing facility is very large. Different applications, such as order processing, production planning, inventory management, accounting systems, payroll, and marketing systems, use separate tape and disk files. The corporation has recently hired a consulting firm to investigate the possibility of switching to DBMS. REQUIRED: Prepare a memo to the top management team at Dingizwe explaining the advantages of a DBMS. Also, discuss the necessity of a database administrator and the job functions this person would performA process has 10 steps with yields Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8 Y9 Y10 0.82 0.81 0.85 0.78 0.87 0.80 0.88 0.83 0.89 0.90 Create a table that shows operation step yields and cumulative rolled throughput yields. Determine the overall process rolled throughput yield. Plot the results. Describe manufacturing, business process, and/or Six Sigma project situations for the origination of this data. Include example operation steps to monitor. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Marco, a plumbing, heating and AC company located in California, has a simple butpowerful product strategy: ‘Solve the customer’s problem no matter what, solve theproblem when the customer needs it solved, and make sure the customer feels goodwhen you leave’. The company guaranteed, same day service for customers requiringit. The company provides 24 x 7 services at no extra charge for customers whose ACdies in hot summer Sunday or whose toilet overflows at 2.30 AM. The companyguarantees the price of a job to the penny before the work begins. Whereas mostcompetitors guarantee their work for 30 days, Marco guarantees all parts and labourfor one year. The company assesses no travel charges as “it’s not fair to charge customers for driving out.” The company owner says: “We are in an industry thatdoesn’t have best reputation. If we start making money our main goal, we are introuble. So I stress customer satisfaction; money is a by-product.”The company uses hiring, ongoing training and…