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 ovcurs
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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 ovcurs
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- Explain briefly a) Efficient Production b) Inefficient Production c) What causes NPV to increaseB). On the average, a company has 12 weeks of work-in-process and annual cost of goods sold of $40 million. Assuming that the company works 50 weeks a year: What is the dollar value of the work-in-process? If the work-in-process could be reduced to 5 weeks and the annual cost of carrying inventory was 20% of the inventory value, what would be the annual saving?Your Corporation manufactures four products that use the same raw material and production machine. Your Company is experiencing a shortage of pounds of the raw material. Information related to the four products are shown below. Products A B C D Selling price $40 $32 $35 $65 Variable cots $34 $22 $27 50 Machine hours per unit 6 8 5 7 Pounds per unit 18 20 28 38 To maximize profit next month, in what order would it be best to schedule production (first to last)? a. A, B, C, D b. A, D, B, C c. B, D, A, C d. D, A, C, B
- Help meA manufacturer that produces 100 different products is considering building a new warehouse because there is no room in raw material and product warehouses. Because although some products are more than in the warehouse, some demands that come due to the fact that the ban products are not enough in the warehouse are avoided. For this reason, it plans not to miss any demand by producing and storing enough of all its products, and of course it is considering building a new and larger warehouse to store more products. What can you suggest to this company, taking into account what is described in the course, describe your proposal in maximum detail with the concepts described in the course, as applicable activities.A company manufactures hair dryers. It buys some of the components, but it makes the heatingelement, which it can produce at the rate of 800 per day. Hair dryers are assembled daily, 250 daysa year, at a rate of 300 per day. Because of the disparity between the production and usage rates,the heating elements are periodically produced in batches of 2,000 units.a. Approximately how many batches of heating elements are produced annually?b. If production on a batch begins when there is no inventory of heating elements on hand, howmuch inventory will be on hand two days later?c. What is the average inventory of elements, assuming each production cycle begins when thereare none on hand?d. The same equipment that is used to make the heating elements could also be used to makea component for another of the firm’s products. That job would require four days, includingsetup. Setup time for making a batch of the heating elements is a half day. Is there enough timeto do this job between production…
- ) (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 weeksOn the average, a firm has 10 weeks of work-in-process, and annual cost of goods sold is $15 million. Assuming that the company works 50 weeks a year: a. What is the dollar value of the work-in-process? b. If the work-in-process could be reduced to 7 weeks and the annual cost of carrying inventory was 20% of the inventory value, what would be the annual saving?The three major categories that comprise cost of goods manufactured are a. Material, labor, and overhead b. Average, marginal, and instantaneous c. Past, present, and future d. Initial, operating, and salvage.
- U-RIDE, Inc. currently produces the electric engines that are used in golf carts made and sold by the Company. Electco has offered to sell the electric engines to U-RIDE at a price of $277 each. Current production information follows: Unit-level material and labor 2$ 230 Facility-level depreciation of manufacturing equip. Product-level engine production supervisor's salary Annual facility-level utilities $ 6,100/month $ 3,100/month $20,500 Buying the engines will free up manufacturing capacity that could be used to make a new economy line golf cart that would produce an additional $11,600 profit per year. U-RIDE is currently operating profitably producing and selling 3,100 engines annually. Based on this information, which of the following is true? Multiple Choice The $111,600 is not relevant because it is an estimate. Buying the units would increase U-RIDE's cost by $35 per unit. of 10Given this frequency distribution, what demand values would be associated with the following random numbers? (Do not round intermediate calculations.) Demand Frequency 16 1 10 2 28 3 46 Random Number Simulated Demand 0.1 0.5 0.9 1.The term in the airline industry may be used to refer to s situation where an empty seat is recorded on a flight. Select one: a. Marginal cost b. Overhead cost c. Marginal loss d. Revenue loss Widner Industries reports annual sales of Ghc160 million, cost of goods sold of Ghc120 million, inventory of Ghc20 million, and net income of Ghc5 million. What is Widner's annual inventory turns? Select one: a. 8 turns per year b. 6 turns per year c. 0.17 turns per year d. 4 turns per year