Problem 7-13 (Algo) Owen Conner works part-time packaging software for a local distribution company in Indiana. The annual fixed cost is $15,000 for this process, direct labor is $4.00 per package, and material is $4.75 per package. The selling price will be $15.00 per package. a. How much revenue do we need to take in before breaking even? (Round your answer to the nearest dollar amount.) Break-even point b. What is the break-even point in units? (Do not round intermediate calculations. Roundup your answer to the next whole number.) Break-even point units
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- E-Book break-even analysis. Eastman Publishing Company is considering publishing an electronic textbook about spreadsheet applications for business. The fixed cost of manuscript preparation, textbook design, and web site construction is estimated to be $160,000. Variable processing costs are estimated to be $6 per book. The publisher plans to sell single-user access to the book for $46. a. Build a spreadsheet model to calculate the profit/loss for a given demand. What profit can be anticipated with a demand of 3,500 copies? b. Use a data table to vary demand from 1,000 to 6,000 in increments of 200 to assess the sensitivity of profit to demand. c. Use Goal Seek to determine the access price per copy that the publisher must charge to break even with a demand of 3,500 copies. d. Consider the following scenarios: Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5 Variable Cost/Book $6 $8 $12 $10 $11 Access Price $46 $50 $40 $50 $60…Q4) A manufacturer provides specialized microchips. During the next 3 months its sales, costs, and available time are shown in the table. Month 1 Month 2 Month 3 There are no chips in stock at the beginning of the first month. It takes 1.5 hr of production time to produce a chip and costs $5 to store a chip from one month to the next. Determine a production schedule that meets the demand requirements, does not exceed the monthly production time limitations, and minimizes cost. Note that no chips should be in stock at the end of the 3 months. Use fmincon. Chips required Cost regular time ($/chip) Cost overtime ($/chip) Regular operation time (hr) Overtime (hr) 1000 100 110 2500 100 120 2200 120 130 2400 2400 720 2400 720 720Corral Cartage leases trucks to service its shipping contracts. Larger trucks have cheaper operating costs if there is sufficient business, but are more expensive if they are not full. CC has estimates of monthly shipping demand. What comparison method(s) would be appropriate for choosing which trucks to lease? 1.Present Worth(PW) 2.Annual Worth(AW) 3.Payback Period
- The 10th annual bowling tournament is at your hotel in June. The group has a lot of audio-visual (AV) needs that the hotel will need to provide. The hotel has some basic AV equipment but does not have some of the items on the client’s request list. Which of the following strategies should the hotel employ so that the hotel and the client both benefit in this situation? Question 17 options: a) Rent the equipment and for convenience blend the cost into the budget for the client. b) Offer the client flip charts and markers instead of a projector for a lower price. c) Do not meet the guest’s needs and offer him a complimentary guest room for his trouble. d) Send the guest to the hotel next door for the AV portion of their meeting.a. Meaning of ABC analysis?QUESTIONS (Using the same problem) A vendor for the local ballpark food stand is questioning whether to stock his concession with a large or small inventory. He believes that it will depend upon the size of the crowd. He has developed a payoff matrix for the various alternatives (stocking decision) and states of nature (size of crowd). What is the Expected Monetary Value (EMV)? Alternatives Large Inventory Small Inventory Probability OA) $68,400 O B)-$20,000 O C) $10,000 O D) $51,500 O E) $78,400 Large Crowd $220,000 $90,000 .20 PROFIT ($) Average Crowd $50,000 $70,000 .50 Small Crowd -$2,000 -$5,000 .30
- Problem #1 Divan Incorporated sells preassembled furniture. Divan Inc buys module materials from its suppliers, who has now offered Divan a discount of $2 off all units if Divan will make a purchase greater than 500 or $5.00 off if the firm will make a purchase of at least 750 units. Current data for the company is: annual demand is 20,000 units per year; setup costs are $50, and I = 20% per year. Original price is $30 (e.g. if Divan purchases between 500 and 749, the price is $28, and if Divan purchases more than 750 units, the price is $25). (a) What is the optimal purchase quantity? (b) What are the annual product costs? (c) What are the annual setup costs? (d) What are the annual holding costs? (e) What is the annual total costs? ===== Problem #2 Hren Electronics is in process of setting a new office building. The following tables show the number of expected communications among the four departments and two possible layouts for considerations (tables 2 and 3 show the…Problem 16-15 (Algo) The owner of a large machine shop has just finished its financial analysis from the prior fiscal year. Following is an excerpt from the final report: Net revenue Cost of goods sold Value of production materials on hand Value of work-in-process inventory Value of finished goods on hand Inventory turnover ratio $350,000 307,000 a. Compute the inventory turnover ratio (ITR). (Round your answer to 1 decimal place.) Weeks of supply 42,500 47,000 17,500 per year b. Compute the weeks of supply (WS). (Do not round intermediate calculations. Round your answer to 1 decimal place.)Problem #1 Divan Incorporated sells preassembled furniture. Divan Inc buys module materials from its suppliers, who has now offered Divan a discount of $2 off all units if Divan will make a purchase greater than 500 or $5.00 off if the firm will make a purchase of at least 750 units. Current data for the company is: annual demand is 20,000 units per year; setup costs are $50, and I = 20% per year. Original price is $30 (e.g. if Divan purchases between 500 and 749, the price is $28, and if Divan purchases more than 750 units, the price is $25). (a) What are the annual setup costs? (b) What are the annual holding costs? (c) What is the annual total costs?
- Kamal Fatehl production manager of Kennesaw Manufacturing, finds his profit at $28,600 (as shown in the statement below) inadequate for expanding his business. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment. Kamal would like to improve profit line to $38,600 so he can obtain the bank's approval for the loan. Sales Cost of supply chain purchases Other production costs Fixed costs Profit 260,000 169,000 36,400 26,000 28,600 % of sales 100% 65% 14% 10% 11% a) What percentage improvement is needed in a supply chain strategy for profit to improve to $38,600? What is the cost of material with a $38,600 profit? % in supply-chain costs is required to yield a profit of $38,600, for a new cost of supply chain A decrease of purchases of $ (Enter your response for the percentage decrease to one decimal place and enter your response for the new supply chain cost as a whole number.) b) What percentage improvement is needed in a sales strategy…Problem 11-11 (Algo) Famous Albert prldes himself on being the Cookle King of the West. Small, freshly baked cookles are the specialty of his shop. Famous Albert has asked for help to determine the number of cookles he should make each day. From an analysis of past demand, he estimates demand for cookles as VROBARTLITY OF DENAND 0.04 DEEAND 1,800 dosen 2,000 2,200 0.10 0.20 2,400 2,600 2,000 3,000 0.26 0.15 0.03 0.14 ces Each dozen sells for $0.65 and costs $0.49, which includes handling and transportation. Cookles that are not sold at the end of the day are reduced to $0.30 and sold the following day as day-old merchandise. a. Compute the expected profit or loss for each cookie making decislon quantity. (Round your answer to the nearest whole number. Enter expected losses with a negative sign.) Cookles Baked (Dozen) Probability of Demand Expected Profit/Loss 1,800 0.04 2,000 0.10 2,200 0.28 2,400 0.26 2,600 0.15Q. No. 3 The Annual Business Meeting of FMCG Company was held in February 2020 where the company has set the target revenue goal for next year. The target revenue set was Rs 120Million which is 10% greater than the previous year target. The firm deals with one product which they plan to sell for Rs1000. Being a resource planning manager of the firm how will you translate the company annual business plan in to Aggregate Production Plan, Master Production Schedule and Material Requirement Planning? Explain your answer using Operations Planning Hierarchy?