A manufacturing enterprise manufactures ball-bearings using a special type of metal as rawmaterial. The following budget was compiled for the coming year.Units soldRaw materialsDirect labourVariable overheadsFixed overheadsSelling valueSP 42 000RBall-bearingsSP 52 000R12 0005 0001.0002 00024 0006 0003 0006001 20016 000SP 62 000R15 0006 0001 2002 40030 000After the budget had been compiled, the full demand for raw materials could not be met. Dueto the shortage of raw materials, only 75% of the materials required could be supplied.However, despite the shortage, the unit price of raw materials remains unaltered.Required:h5.1 Calculate the product mix that will result in the maximum profit for the enterprise giventhe shortage of raw materials.

Here the values given are for 2000 units sold. First let us find the unit cost for each category.If…

Answered: A manufacturing enterprise manufactures…

Marketing

20th Edition

ISBN:9780357033791

Author:Pride, William M

Publisher:Pride, William M

Chapter19: Pricing Concepts

Section: Chapter Questions

Problem 6DRQ

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Table 1. Demand of Hairdryer from January to July [Jadual 1. Permintaan Pengering Rambut dari Januari 2021 hingga Julai 2021] Month Demand January February 2800 2870 March 2968 April Мay 3000 3100 Jun 3150 July 3400 a) Calculate forecast future demand for May, June, July and August by using 3 months simple moving average.[hitung ramalan permintaan masa depan untuk bulan Mei, Jun, Julai dan Ogos dengan menggunakan purata bergerak sederhana 3 bulan.] *
Calculate customer life time value for the data below. (Show Work) Purchase Occasion Transition Probability Average Basket Size 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 ΝΑ 55% 75% 78% 83% 81% 81% 86% 82% 85% 90% 93% 85% 89% 85% 91% 97% 97% 96% 85% 83% 89% 82% 79% 82% 89% 88% 86% 67% 75% $46.71 $56.71 $57.93 $56.87 $58.26 $66.90 $63.62 $70.27 $63.03 $62.60 $71.81 $76.76 $78.14 $65.65 $74.84 $81.11 $72.08 $87.30 $71.94 $75.44 $70.35 $72.86 $66.68 $79.90 $93.91 $61.08 $94.16 $100.40 $77.89 $99.70
Q2: A company has seasonal demand, with the forecast for the next 12 months as given below. The current labor force can produce 500 units per month. Each employee can produce 20 units per month, and is paid $2,000 per month. The inventory carrying cost is $50 per unit per period. It costs $100 to hire or layoff an employee. Assume 200 units of initial inventory and we would like to keep the similar level at the end of the year. Month 1 3 4 7 8 9 10 11 12 Demand 660 700 840 700 660 500 600 840 80 900 700 600 Please use level and chase strategy to calculate the total cost of two plans (please show your work).
c. Compute and tabulate the daily demand for each month in the table below (round off to the nearest whole number). MONTH PRODUCTION DAYS DEMAND FORECAST DEMAND PER DAY JAN 2022 16 150 ? FEB 2022 16 150 ? MAR 2022 23 250 ? APR 2022 21 250 ? MAY 2022 22 400 ? JUN 2022 22 500 ? JUL 2022 21 600 ? AUG 2022 20 750 ? SEP 2022 20 450 ? OCT 2022 20 250 ? NOV 2022 16 150 ? DEC 2022 16 150 ? TOTAL ? ? d. Assuming that MPQ Limited had adopted a level strategy for the year ended 31 December 2022, compute the average daily demand for the year (round off to the nearest whole number). e. Prepare a graph showing the monthly forecasts and average daily forecast (in units per day) for MPQ Limited.
A steel workshop of PT Mental Baja produces leaf springs for cars. theyhave a demand forecast for the next 6 months as anext:i. January 446 units (production time 20 days)ii. February 600 units (production time 18 days)iii. March 700 units (production time 20 days)iv. April 900 units (production time 20 days)v. May 650 units (production time 20 days)vi. June 550 units (production time 20 days) The following are some important information to be the basis for doingcalculation of production costs as follows:i. Inventory cost $4 per unitii. Subcontractor fee $15 per unitiii. Workers cost $10 per hour or $80 per dayiv. Production time per unit 1.6 hours Tasks and questionsa. Assuming that the number of units that can be produced is 35 units per dayand 1 person can make 7 units, make an estimated cost by usingConstant Workforce approach. b. Assuming that internal processing is carried out usingcapacitors of daily production are the lowest for 6 months and constant,calculate estimated…
11. Provide an example for each type of approach to demand analysis.
Demand for stereo headphones and music players for joggers has caused Nina Industries to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nina expects demand for headsets to also expand, because, as yet, no safety laws have been passed to prevent joggers from wearing them. Demand for the players for this year was as follows: MONTH DEMAND (UNITS) January 4,150 February 4,250 March 3,950 April 4,350 May 4,950 June 4,650 July 5,250 August 4,850 September 5,350 October 5,650 November 6,250 December 5,950 a. Using linear regression analysis, what would you estimate demand to be for each month next year? Using a spreadsheet, follow the general format in Exhibit 3.8. (Do not round intermediate calculations. Round your answers to 2 decimal places.) b. To be reasonably confident of meeting demand, Nina decides to use 3 standard errors of estimate for safety. How many additional units should be held to meet this…
A method of estimating future demand usedfor decision making in order to set reasonable targets and control orlimit uncertainties or risks.
Q1. Al Rawahi Company's budgeted sales and direct materials purchases are as follows: Months Budgeted Sales Budget D M Purchases April 250000 32000 May 270000 38500 320000 44400 June Al Rawahi sales are 30% cash and 70% credit. Credit sales are collected as 25% in the month of sale, 35% in the month following sale, and 38% in the second month following sale; 2% are uncollectible. Al Rawahi purchases are 40% cash and 60% on account. Purchases on account are paid 45% in the month of purchase, and 55% in the month following purchase. Instructions A. Prepare a schedule of expected collections from customers for June.(4 marks) B. Prepare a schedule of expected payments for direct materials for June. (3 marks) Q2: O Focus ed Kingdom)
Month# Jan Feb Mar Apr May June Forecast# 1800 1500 1100 1500 2100 1600 Name Labor hours per unit (hr/unit) Initial number of workers Safety Stock (units) Working hours in a day(hr/day) Beginning inventory(units) Value 5 30 0 9 450 Month# Jan Feb Mar Apr May June Working Days available 21 21 21 21 21 19 The tables present forecasts, production, and cost information for aggregate planning. Using a level strategy with backorders to produce at average demand, now many workers are required each month? (Round up the calculated number of workers to the nearest whole number, and round the production rate to the nearest whole number
Supply/Demand Info Predicted Sales Regular production Overtime production Subcontract production Ending inventory Hired employees Fired employees Total employees Cost variables are as follows: Cost Variables Labor cost/hour Overtime cost/ton Subcontracting costiton Holding cost ton/month Hiring cost employee Firing cost/employee Beginning Apr May 4,200 531 $20 $32 $25 $10 $3.700 $4.000 Jun 51,500 50.300 61,600 Here is some additional relevant (capacity) information: Capacity Information Total labor hours/ton Regular production tons/employee/month Max regular production (tons/month) Max overtime production (tons/month) Max subcontractor production (tons/month) 3 100 56,700 3,700 6,000 Jul Aug Sep 45,400 56.600 62,800 Given the above information (and don't overlook beginning number of employees and inventory levels in the first table), create a LEVEL production plan with only the use of regular production and no inventory left over at the end of the six-month period. What is the regular…
Consider the following price and dividend data for Ford Motor Company: Dividend ($) Date December 31, 2004 January 26, 2005 April 28, 2005 July 29, 2005 October 28, 2005 December 30, 2005 Price ($) $14.04 $13.43 $9.14 OA. -44.4% OB. -40.2% OC.-42.32% OD. -38.1% $10.74 $8.02 $7.72 $0.12 $0.12 $0.12 $0.12 Assume that you purchased Ford Motor Company stock at the closing price on December 31, 2004 and sold it at the closing price on December 30, 2005. Your realized annual return is for the year 2005 is closest to:

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