a. Techno can substantially improve the item's quality by installing new equipment at additional annual fixed costs of $50,000. Variable costs per unit would increase by $1, but, as more of the better-quality product could be sold, the annual volume would increase to 45,000 units. Should Techno buy the new equipment and maintain the current price of the item? Why or why not? Yes, because the profit from $ to $ (Enter your responses as integers.)
Q: (ii) Draw the network for the following project: Activity A B CD E F Preceded -- G H I J AABB…
A: A network diagram shows the link of each task with the duration taken by each activity with respect…
Q: a) Based on the information available, the per night break-even point in dollars for the St. Cloud…
A: Fixed Costs:Labor Cost: $300.00Booth Rental Cost (5 booths at $50.00 each): $250.00Total Fixed…
Q: Complete the MRP record for a bicycle seat. (Leave no cells blank - be certain to enter "0" wherever…
A: It is a method of determining the quantity and timing of raw materials, components, and assemblies…
Q: Safety is a very important matter in store management. All materials must be stored so as tominimize…
A: Warehouses play an important role in storing the materials in a proper manner. A warehouse or store…
Q: The figure below shows the possible routes from city A to city J as well as the time (in minutes)…
A: A shortest path route refers to the most efficient or quickest path between two points in a network…
Q: The Fleek Corporation has 5 warehouses designated A-E from which they supply 6 customers numbered…
A: The table below gives the shipping cost in dollars per ton from each warehouse to each customer…
Q: Safety is a very important matter in store management. All materials must be stored so as tominimize…
A: It is important to ensure the timely delivery of the goods to the customers. Warehouses perform an…
Q: Decision Alternative Delphi Inc. CRM International Murray Analytics $ Maximum $ $ $ Calculate the…
A: Here, I have been given the cost matrix, I would apply various strategies to determine the best…
Q: Jalen has accepted a sales position with TopRoofs, a national manufacturer of roofing product and…
A: As per the question, here, we can see that Jalen has already taken an offer of a sales position with…
Q: A nutritional plan requires at least 200 units of protein and 180 units of fat. From chemical…
A: Linear programming (LP) is a mathematical optimization technique that helps solve problems where an…
Q: The desired daily output for an assembly line is 360 units. This assembly line will operate 390…
A: Network diagram is a graphical representation of a project which helps to identify the project…
Q: JoShop needs to assign 4 jobs to 4 workers. The cost of performing a job is a function of the skills…
A: The Hungarian Method, an algorithm in combinatorial optimization, is introduced as an effective…
Q: Lp (i) Draw the project network and calculate the project length. (ii) Calculate the standard…
A: The critical path analysis involves a comprehensive examination of task durations, dependencies, and…
Q: Plan production for a four-month period: February through May. For February and March, you should…
A: Aggregate plans show output rates, workforce levels, and inventory in accordance with demand and…
Q: WRITE A SHORT NOTE ON EOQ AND FOQ MODEL?
A: Effective inventory management is a crucial component of supply chain optimisation for companies.…
Q: Select the three principles that you think are most relevant to the use of data analytics in public…
A: The use of data analytics has become a revolutionary force in the current drive to increase the…
Q: A project has the activity duration and cost information indicated in the table where all times are…
A: First we find the normal duration of the project using Critical path method . If the normal…
Q: Which employee engagement strategy is based on a company showing employees that their suggestions…
A: In today's competitive business landscape, fostering a highly engaged workforce has become a…
Q: Please do not give solution in image formate thanku. To have the best chance of hiring a top…
A: Securing top talent quickly is a necessity for organizations looking to maintain a competitive edge…
Q: A carpet manufacturer, whose discount rate is 10%, can purchase texturizing equipment for $1,250,000…
A: Here, the decision is required to purchase the equipment, I would use NPV or net present value…
Q: Use simplex method to solve the following problem: Max. Z = 2x1 + 5x2, s.t. x1 + 4x25 24 3x1 + x22…
A: Linear programming (LP) is a mathematical optimization technique that helps solve problems where an…
Q: Alan Industries is expanding its product line to include three new products: A, B, and C. These are…
A: Demand forecasting helps the organization in allocating resources efficiently. The allocation of…
Q: A laptop manufacturer wants to compare the total cost of assembling its laptops in the United States…
A: Given - Holding Cost (US) = $4 per unit per weekHolding Cost (Taiwan) = $3.50 per unit per…
Q: A firm produces three products , A , B and C , for sale both in the domestic market and in the…
A: Here, the projected profit can be determined by subtracting Projected Production Cost from Projected…
Q: Illinois Furniture, Inc., produces all types of office furniture. The "Executive Secretary" is a…
A: The precedence diagram method often called PDM can be stated as the tool for scheduling the tasks in…
Q: Q2 (BREAK-EVEN ANALYSIS). An operations manager is deciding on the level of automation used to…
A: Find the Given details below: Given details:AlternativeFixed CostsVariable costs per unitA $…
Q: How much of a role does communication play in being a project manager?
A: Communication is the cornerstone of successful project management. As a project manager, your…
Q: Given this set of daily service operations, and assuming a processing order of A-B-C-D-E: Service…
A: Processing order of service operations = A-B-C-D-EService OperationNumber of Daily…
Q: b) Prepare a master schedule based on the following information: 1 2 3 5 120 100 150 70 90 60 Week:…
A: Following is the step to create a master scehdule for the data provided above- Calculate the total…
Q: "A criticism of the rational choice model of decision making is-17 Ajthat it is never followed in…
A: Rational choice model of decision making is a framework or an approach which suggests individuals…
Q: Sunshine Manufacturing produces three products: X, Y, Z. The production of these end items is…
A: Material Requirements Planning (MRP) is a computer-based inventory management system used by…
Q: How does an understanding of management and organizational behavior lead to organizational…
A: An understanding of management and organizational behavior is crucial for achieving organizational…
Q: Use the information in Scenario 9.9 to determine the average pantry space occupied by cat food if…
A:
Q: The constraint for cold storage location B should be:
A: The transshipment problem is a pivotal concept within the realm of transportation and logistics. It…
Q: What is the Cycle time for this operation?
A: Project schedule helps in calculating different values related to the production cycle like the…
Q: Emergencies, injuries and illness can arise at the construction site at any time and from many…
A: Construction sites are inherently hazardous environments where emergencies, injuries, and illnesses…
Q: In the basic EOQ model, if annual demand is 140, holding cost is $3.38 (per unit per year), and…
A: Given that:Annual Demand = (D) = 140 UnitsHolding Cost (H) = 3.38 per unitAnnual Cost = 410Assume…
Q: What is the importance of stress and aggression management
A: Organizations consist of several employees who work together for the fulfillment of the…
Q: SELECT TWO (02) OF THE QUALITY GURUS DISCUSSED IN THE TEXTBOOK, AND DESCRIBE HIS MAJOR CONTRIBUTIONS…
A: The contributions of forward-thinking individuals have permanently altered how organizations…
Q: The Martin-Beck Company operates a plant in St. Louis with an annual capacity of 30,000 units.…
A: Find the Given details below: Given details:Plant siteDistribution…
Q: George Johnson recently inherited a large sum of money; he wants to use a portion of this money to…
A: Projected return fromBonds, B= 8%Stocks, S= 13%Investment in Bond fund = at least 30%Minimum return…
Q: Quantity to Achieve In-stock Probability: Goop Inc. needs to order a raw material to make a special…
A: Also called single-period order quantity model /newsboy problem) Order is made for use in single…
Q: Hazard is the cause of a possible loss. is loss possibilities due to negligence resulting in bodily…
A: Risk is an important term associated with organizations and environment. It indicates the likelihood…
Q: Your selection of a layout format for your facility depends on: (Choose all that apply) Check All…
A: It's crucial to plan a facility in a way that maximises efficiency while minimising costs. The most…
Q: A. Constuct the initial transportation tableau.
A: In the realm of operations management, there exists a challenge that lies at the heart of efficient…
Q: The best option is to open a small line, with an expected value of $ 516667 (round your response to…
A: Market Demand Estimation: You've discussed the possibilities with your sales manager and conducted…
Q: o move their products through the distribution channel from the point of manufacture to the point of…
A: The product life cycle starts from its inception through manufacturing to the point of consumption,…
Q: Explain using examples how you would undertake the following and explain your possible decisions and…
A: The three concepts: Willingness to Pay, Sensitivity Analysis in Project Evaluation, and Readiness to…
Q: A box plot is constructed using several different values. Which of the following values are included…
A: A box plot offers insights into the central tendency, spread, and potential outliers within the…
Q: Identify the basic quality tool shown in the figure above. A) Histogram B) Check sheet C) Pareto…
A: Quality tools are used to control and monitor the quality of output from production processes. There…
Please do not give solution in image format thanku
Step by step
Solved in 3 steps with 2 images
- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.
- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?Discuss non-price issues over which a buyer and seller can reach an agreement, and explain why each issue might be important to the buyer or seller. Please do expand on each and using theory to support answers. (discussion around quality characteristics for an online Grocery shopping service - diagram can be used for this too) thanks
- You have just been hired as an intern with XYZ Sdn. Bhd. This company manufactures sportswear. Since you have taken a course on Energy and Sustainable Development in UNITEN, your supervisor has asked your opinion on how to improve the life-cycle sustainability of one their products, the XYZ Running Shoes. Prepare a brief outline of your recommendation, which should include FIVE (5) improvements that the company can implement to improve the sustainability of their product.MIPS's quality category has decreased from 60% to 45% over the last two years. The price category increased from 0% to 15%. What are the ramifications for businesses? Will the quality suffer as a result?Two items are omitted from each of the following three lists of cost of goods sold data from a manufacturing company income statement. Determine the amounts of the missing items, identifying them by letter. Finished goods Inventory,June1 $61,600 $46,200 (e) Cost of goods manufactured 329,000 (c ) 484,800 Cost of finished goods available for sales (a) $260,400 $540,000 Finished goods Inventory ,June30 72,800 61,600 (f) Cost of goods sold (b) (d) $513,600
- Demonstrate the steps to solve this question: Advanced Electronics manufactures DVDs and sells them directly to retailers who typically sell them for $20. Retailers take a 40 percent margin based on the retail selling price. Advanced’s cost information is as follows:DVD package and disc €2.50/DVDRoyalties €2.25/DVDAdvertising and promotion €500,000Overhead €200,000 Calculate the break-even volume in DVD units and euros.Tucson Machinery, Incorporated, manufactures numerically controlled machines, which sell for an average price of $0.5 million each. Sales for these NCMs for the past two years were as follows: Use Exhibit 3.10. QUARTER LAST YEAR QUANTITY (UNITS) QUARTER THIS YEAR QUANTITY (UNITS) 1 12 1 16 2 18 2 24 3 26 3 28 4 16 4 18 Find a line using regression in Excel. Note: Round your answers to 3 decimal places. Find the trend and seasonal indexes. Note: Round your answers to 3 decimal places. Forecast sales for next year. Note: Round your answers to 2 decimal places.A manufacturer is evaluating whether to outsource or perform in-house product specification testing. The fixed cost of the equipment located in the facility is $500,000, and the weighted average variable cost per test if performed in-house is $20.85. A third-party located three miles from the manufacturer will perform the same tests with more advanced and faster equipment. The third-party distributes the results electronically to the manufacturer at a price of $21.00. If the annual volume last year was 200,000 tests, should the manufacturer do all specification tests in-house or outsource? Use the Excel template Break-Even to determine the best decision.