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- A. Jack’s Grocery is manufacturing a ‘store brand’ item that has a variable cost of $0.75 per unit and a selling price of $1.25 per unit. Fixed costs are $12,000. Current volume is 50,000 units. The firm can substantially improve product quality by adding a new piece of equipment at an additional fixed cost of $5,000. Variable cost would increase to $1.00 but their volume should increase to 70,000 units due to the higher quality product. Should the company buy the new equipment? B. What are the two breakeven points [both in dollars and in units] for the two processes considered in the problem in (a) above? C. Develop a breakeven chart for the problem in (a) above. D. Bweupe & Sons has fixed costs of K10, 000 for the period. Their direct labour cost is K1.50 per unit and material input cost is K0.75 per unit. The selling price per unit is K4.00. i. Calculate the Break-Even point in units. ii. What does it translate to in Kwacha?Which statement is true? A. In the Service (Productt) Processs matrix, the degree of labor intensity refers to the ratio of labor cost to total cost. B. In the Service (Productt) Processs matrix, capital intensive services such as airlines and hospitals are grouped under the service category Masss Service. C. In the Service (Productt) Processs matrix, volume refers to the volume of business generated from new customers in the previous month. D. The Service (Productt) Processs matrix offers no place for large, capital-intensive businesses with 24/7, continuous production.A firm requires 96 units of good Q. The firm can only hire one worker to produce these 96 units. The firm pays its worker a fixed wage. The worker’s production function is Q(e) = 24e The worker’s effort cost function is C(e) = 4e² The worker gets 0 if unemployed. Treat the good as continuous. Assume the firms pay the lowest fixed wage it can. What wage does it pay?
- The binary variables in the fixed cost models correspond to: A.) The number of units or products produced. B.) The total profit C.) The amount of labor hours D.) A process for which a fixed cost ovcursAverage Cost Company A has 50% of its total variable manufacturing cost in labor and the other50% in fuel. Company B has 80% of its total variable manufacturing cost in labor and the remainderin fuel. Suppose in a given year labor costs rise 5% and fuel costs rise 10%.Required Which company has the higher percentage increase in total variable cost?) (i) An organisation uses a certain type of items to produce their products. As a production manager the organisation requires you to calculate the following with the help of the information given below (i) Maximum level (ii) Minimum level (iii) Re-order level The necessary information is as detailed below Normal usage of the items 100 units per week of 6 days Minimum usage of the items 50 units per week of 6 days Maximum usage of the items 150 units per week of 6 days Re-order quantity of the item 600units Re-order period for the item 4 to 6 weeks
- The Chineke Group of Company manufactures two products, namely product B and product P, and provides you with the following information: Prod. B Prod. P Selling price per unit 80.00 50.00 Less cost of sales: Direct material A @ R5.00 per kg 15.00 10.00 Direct material B @ R4.00 per kg 8.00 12.00 Direct labour @ R6.00 per hour 12.00 6.00 Variable manufacturing overhead @ R5.00 per labour hour 10.00 5.00 Fixed manufacturing overhead per unit 5.00 5.00 Gross profit 30.00 12.00 Less sales & administrative costs: Variable 6.00 4.00 Fixed 10.00 5.00 Net profit per unit 14.00 3.00 Take note of the following constraints: Material A available 360 kg Material B available 360 kg Labour hours available…In one fiscal year, firm B has ROA (return on asset) of 5%, and they borrow a substantial amount of money from banks to finance their operations. Except for that, the firm has no debt. Suppose the interest rate for the loans is 6%. What will this firm's ROE (return on equity) be? Group of answer choices More than 5% Less than 5% Less than 4% More than 4% Please ANSWER ASAPAn airline studied the data from their passenger records and noted that their customers turn up only about 95% of the time. A flight can accommodate 40 passengers and each seat costs 4,000 Php. Suppose each passenger books a ticket independently and the airline decides to sell 42 tickets for the flight. If more than 40 show up for the flight , then the extra passengers will be compensated PhP10,000 for rebooking and other expenses. 5. If Profit = Ticket sales-Compensation of Bumped passenger(s). What is the profit if 42 customers show up?
- Each day a small business owner sells 200 pizza slices at $1.50 per slice and 85 sandwiches at $4.00 each. Business expenses come to $110 per day. What is the owner's profit for a ten-day period?A firm is manufacturing the new product. The firm expects a linear function for its revenue on the product. Their staffs, however, didn't properly consider how the cost function would vary as a function of production rate. As a result, the firm was losing money at a high production rate. Therefore, you can describe this point to most likely be: a) Past the profit limit b) before reaching the break-even point c) The point after which the total revenue equals the total cost d) a and b e) a, b and cStanley Black & Decker produces drills at a manufacturing cost of $53/drill. Defective units can be reworked at a cost of $22/drill. The manufacturing process produces 76% good products and 73% of the defective drills can be reworked. What is the total manufacturing cost PER DRILL if you start a production run of 83 drills (meaning you would yield less)? Hint: don't round your Yield.