When a multiproduct plant operates at full capacity, decision must be made as to which products to emphasize. These decisions are frequently made with a short run focus. In making such decisions, managers should select products with the A. Highest sales price per unit B. Highest sales volume potential C. Highest individual unit contribution margin D. Highest contribution margin per unit of the constraining resource
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When a multiproduct plant operates at full capacity, decision must be made as to which products to emphasize. These decisions are frequently made with a short run focus. In making such decisions, managers should select products with the
A. Highest sales price per unit
B. Highest sales volume potential
C. Highest individual unit contribution margin
D. Highest contribution margin per unit of the constraining resource
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- KusKus Enterprise wishes to assess their productivity performance for the past two years. Table 1 summarizes all the inputs and outputs at the end of years 2019 and 2020. Table 1: Inputs and outputs data in years 2019 and 2020 Item 2019 2020 Finished goods Quantity (unit) Semi-finished goods Quantity (unit) Price (RM/unit) Completed percentage (%) 45,000 50,000 4,000 1,000 40 50 40 50 Labors | No of working hours/labor Average wage (RM/hour) No of workers Deflator 1,920 1,920 12 17 30 30 1 1.2 Materials Weight of materials (kg) Price (RM/kg) 5,000 6,000 45 55 Overhead Quantity (units) Price (RM/unit) Deflator 12,000 8,000 0.5 0.7 1 1.12 a) Analyse the above inputs and outputs data. Then, calculate the total productivity index for both years 2019 and 2020. Comment on the company production performance in 2020 as compared to 2019. Limit your calculation to one decimal point only. b) Determine which input factor(s) that significantly influenced the company productivity performance in…Q1. Identify and describe 6 elements of six sigma in relation to operations management Q2. Analyse the six sigma approachof DMAIC in relation supply chain managementThe production head at the All Paints and Surface Corp. would frequently stay back after office hours and experiment with new color combinations even though this was part of the new product development team’s job. As a result of these experiments, he came up with two new interior paint colors, foggy morning and mint julep. The new colors proved popular among test groups, and quickly became some of Omnitone’s best-selling products. Which of the following strategies does this scenario best illustrate? Multiple Choice intended strategy emergent strategy unrealized strategy tactical strategy
- Discuss the importance of each of the following: 1.Matching customer demand 2. Managing a supply chain 3.Working on Process ViewMany fimrs benefit from strategic decision-making and tactical production planning to lower supply-chain costs and risks. As a member of an executive committe for a fast moniving consumer goods (FMCG) organisation, proposewhich type of decisions you will be involved in to ensure that there is a reduction in cost and mitigation of risks; A. competitors are associates in the TQM process B. Employee's commitment to continuos imporvoment is not an obligation C. TQM systems are driven by the goal of customer satisfaction D. Quality is not an important orgnaisations' activity.(a) Explain how the long-run average cost curves will differ between a private hospital and a soft-drink manufacturing company, and discuss how this would affect the optimum output level in each company. (b) Formidable Manufacturing Company has the following cost functions in the short run, where production level, Q is measured in ‘000s of units:?? = 0.5?3 − 2?2 + 5??? = 7(i) Calculate the optimum output level for this company in the short run (ii) Calculate the marginal cost for this company at a production level of 2,500 units(iii) The industry for in which Formidable Manufacturing Company operates classifies its members by the following output:Size Micro Small Medium LargeOutput (Q): 0-1000 1000-3000 3000-6000 >6000In the long run, the AVC for this industry is given by: ??? = 0.4?2 − 3? + 15.Determine the optimum plant size for this industry. (c) In merging with Air Jamaica, Caribbean Airlines sought to gain an advantage from operating with economies of scale. Discuss the ways in…
- Multiple choice: When should product strategy focus on forecasting capacity requirements? A. at the introduction stage of the product life cycle 5. B. at the growth stage of the product life cycle C. at the maturity stage of the product life cycle D. at the decline stage of the product life cycle E. none of the above 6. Which of the following industries is likely to have low equipment utilization? A. restaurants B. commercial baking C. television manufacturing D. chemical processing E. auto manufacturing Which of the following statements is true? 7. A. Almost all services and almost all goods are a mixture of a service and a tangible product. B. A pure good has no tangible product componer C. A pure service has only a tangible product component. D. There is no such thing as a pure good. E. None of the above is a true statement.A facility manager wants to align the facility management strategy with that of the demand organizations strategy. What should the facility manager use to do this? Facilities register Facilities audits Balanced scorecard system Strategic business planProvide FOUR (4) KPI and the corresponding tool(s) that can be adopted by Baros to monitor the productivity, efficiency, quality and flexibility of its business. Explain how each index is applied in Baros.
- Determine which factor of production is needed in the following problem. 1.The ABM manufacturing Co.hired a gardener.He uses a lawn mower for landscaping.Which factor of production would you consider this machine? 2.The owner of the company withdrew cash for the salaries of thw employees.which factor of production would you consider cash on hand? 3.The top manager of the firm said "the great ideas,consepts and emotional determination of a person to produce something that consumers want to buy" is very important for the company.What factor of production describes the ability to create great ideas? 4.The farmers planted pineapple cutting in the vacant area located in their locality.Which factor of production would you consider a pineapple plantation?Exercise 1: You are the operations manager at the company Servicios de Salud, Inc., which provides care services to the elderly. An important aspect of your job is ensuring that nursing homes have a healthy inventory of nutritional drinks for residents. Below is the historical demand for the product for one year: Month Historical demand (boxes) Forecasted demand (boxes) January 300 February 340 March 370 April 410 ¿? May 470 ¿? June 570 ¿? July 630 ¿? August 720 ¿? September 640 ¿? October 460 ¿? November 420 ¿? December 390 ¿? a. Calculate the average demand for each period from April to December using the 3-month simple moving average. Presents calculations and findings in a clear and organized manner. b. Discuss any trends or patterns observed in the calculated moving average demand values. c. Make an interpretation of the results and their implications for forecasting…1. A hotel tries to reduce the perishability of its services by selling last minute inventory at a highly discounted price. This technique presents threats to a company’s: A. Brand image B: Variability of services C: Relationships with suppliers D: Human resources turnover 2. Sometimes, hotel and airline companies upgrade guests to higher-end services. For such services, there are not a lot of word-of-mouth, reviews, or pictures available. For example, a hotel may upgrade a guest who paid for a regular room to a suite in order for the guest to experience an upscale product that the customer does not purchase often, but may purchase in the future. This situation, where a guest may experience an unfamiliar upscale service for the first time, is likely to result in a __________ in the __________ of services. A: increase, intangibility B: reduction, intangibility C: reduction, variability D: increase, variability 3. In hospitality and travel industries, customers and frontline…