A firm offers three different prices on its products, depending upon the quantity purchased. Since available resources are limited, the firm would like to prepare an optimal production plan to maximize profits. Product 1 has the following profitability: $18 each for the first 90 units, $17 each for units 91-180, and $16 for each unit over 180. Product 2's profitability is $12 each for the first 65 units, $11 each for units 66-130, and $10 each for each unit over 130. The products each require 3 raw materials to produce (see table below for usages and available quantities). Available Quantity (pounds) 2,500 2,000 2,300 Raw Material A B C Product 1 usage (pounds Product 2 usage (pounds per unit) per unit) 7 11 9 6 9 18
Q: Why should system developers care about ISO
A: A global federation of national standard bodies, the International Organization for Standardization.…
Q: Explain why a project manager should have good communication skills.
A: A project manager's role involves overseeing and coordinating various aspects of a project to ensure…
Q: The M-N plant manufactures two different products: M and N. Selling prices and weekly market demands…
A: Plant layout refers to the arrangement of physical facilities within a manufacturing or industrial…
Q: The reduction of waste and errors generated by computers can solely be achieved through the…
A: Waste and errors in today's world are common occurrences. Any organization or any individual cannot…
Q: The term "plenty of processes" doesn't really explain what it means, does it? Is it feasible to say…
A: In manufacturing, a process might involve assembling components or materials to create a finished…
Q: The 3 biggest points to learn in a Management leading with integrity class. Why it matters, and how…
A: Any successful organisation must have strong leadership. Being a good leader, on the other hand,…
Q: Differentiate between 'order quantity' and 'order winners' providing examples 1000 words
A: In operations management, two important concepts are order quantity and order winners. Order…
Q: Analyze the following queueing management sysytem 1- traffic intensity of 0.3 in queueing system…
A: A queuing management system is a software application that is used by businesses to manage and…
Q: Visakha steel a company that supplies steel bundles to a construction company is having 250-day…
A: Answer) To determine the optimal number of steel bundles to obtain per order, we need to calculate…
Q: The schedular at ZamTech uses MPS time-phased records for planning and item production. The planner…
A: Find the Given details below: Weeks 1 2 3 4 5 6 7 8 Forecast 130 130 130 140 140 140 145 145…
Q: 15. If standard time in making the product * is 3 minutes and 45 seconds. Compute the production…
A: Production standard is the amount of output that is expected to be achieved by a worker or a team of…
Q: What kind of different data sources and analytic methods can be used to assess the performance of…
A: The Florida Re-Entry Subdivision is a community located in Florida, United States. Various data…
Q: When we look forward, what do we see as the most important strategic imperatives and problems facing…
A: Forecasting is the process of making predictions or estimates about the events of the future so that…
Q: How can I Explain the impact of the research to risk management and quality management.
A: Research is important in both risk management and quality management by providing useful insights,…
Q: 4.2 Complete the table below by identifying three (3) key retail positions and how they contribute…
A: Retail is a major business that makes important contributions to the global economy. Retail…
Q: A toy manufacturer preparing a production schedule for two new toys, trucks spinning tops, must use…
A: Let the number of trucks be x Let the number of spinning top be y
Q: Determine the EST, EFT, LST, LFT, and slack for each activity. d) What is the critical path and…
A: As per Bartleby guidelines, we can only solve one question at a time...Kindly upload the other…
Q: To get a better sense of the whole, it might help to make a plan of the project both with and…
A: To acquire a thorough knowledge of a project, it is beneficial to create two plans: one that…
Q: (Please do not give solution in image format thanku) Read the statement below and answer the…
A: Supply chain mix is an imperative technique that involves coordinating all gatherings participated…
Q: roject management has which of the following dimensions ? Economics dimension Initiation dimension…
A: Project management is the practice of planning, organizing, and controlling resources to achieve…
Q: Discuss What remedies are available to the buyer if the goods are defective or do not meet the…
A: If the goods delivered to buyer are defective or do not meet contract requirements, the buyer may…
Q: On Monday mornings, fresh recruits line up for an orientation intended to catapult them into…
A: Amazon, one of the largest e-commerce companies in the world, is known for its innovative business…
Q: Duys sugal distributor to use in baking cakes. Typically, they use 30 pounds of sugar in a day. But…
A: Reorder point is the minimum level of inventory established by an organization that is also a signal…
Q: Create a simple flowchart using the following information: Start | Input Materials Cost | Input…
A: A flowchart is a graphical representation of a process or system that uses symbols and arrows to…
Q: Hansen Controls has been awarded a contract for a large number of control panels. To meet this…
A: The transportation problem is a classic optimization problem in operations research that deals with…
Q: ist one (1) strengths and one (1) weaknesses of functional team
A: Functional teams are collections of employees who cooperate to accomplish a certain business aim or…
Q: lso uses FBA combine
A: A hand-selected area called Amazon Storefront offers top-notch products from Amazon sellers.…
Q: assume that management hasproperly prepared an annual budget for a target profit margin. early in…
A: Budgets in the business act as a road map for accomplishing financial objectives, such as desired…
Q: First m, define productivity and explain why increasing productivity is important. Second, imagine…
A: Production management is the process of managing the requirement of material, labor, finance, and…
Q: QUESTION THREE With reference to any project of your choice, justify the significance of the…
A: Procurement is an important activity in project management since it involves the acquisition of…
Q: Scope and features may get bigger. How are they different? Why do these things happen? What is the…
A: Here, I'll write about how the scope and features might differ, then I'll talk about the reasons why…
Q: Case Analysis: Report Cites Procurement Flaws in Districts A study was conducted in Uganda and…
A: Ethics in business refers to the moral principles and values that guide the behavior and…
Q: Store A purchases cases of fertilizer for its lawn-care business from a supplier who charges Store A…
A: Ordering cost : $30 Unit cost : $50 Annual demand : 2000 bags Holding cost : 30% EOQ : 20
Q: Billy's Blues sells 3 types of T-shirts: Astro, Bling, and Curious. Manufacturing Astros requires 2…
A: Resource management refers to the process of effectively and efficiently planning, allocating, and…
Q: know and understand traditional,behavioral, viewpoints and contingency viewpoints of management
A: Management is the process of planning, organizing, leading, and controlling resources to achieve…
Q: McDonald's a global hamburger and fast-food restaurant chain based in the United States, had…
A: Customer relationship management is a system for keeping track of leads and consumers via the use of…
Q: A firm is attempting to minimize its shipping costs. The firm has 3 factories and must supply the…
A: Following is the information provided to us: D1 D2 D3 Supply S1 6 10 12 180 S2 15 15 07…
Q: For Services Defections, provide a comprehensive description, what benefit it may offer to the ABC…
A: Services are intangible products that are provided by businesses or individuals to meet the needs or…
Q: Which one of the following statements is correct? A highly centralized organization: Select one: a.…
A: In a highly centralised organisation, decision-making is concentrated at the top of the hierarchy,…
Q: Discuss ......What are the key steps involved in the project risk management process?
A: The project risk management process is a systematic approach to identifying, analysing, responding…
Q: A community playhouse needs to determine the lowest-cost production budget for an upcoming show.…
A: Find the given details below: Carpentry Painting Numbers 2 1 Working hours…
Q: office complex is to be renovated. Before the job can be completed, various tradespeople and skilled…
A: Basic Formulas and Structure: Diagram: a)
Q: hat are the advantages of outsourcing information technology that are often cited?
A: Outsourcing is the practice of hiring an external third-party company or individual to perform a…
Q: For Demand Planning, provide a comprehensive description, what benefit it may offer to the ABC…
A: Planning is the process of thinking in advance about what to do and how to do it so that the goal of…
Q: 1. Read the following case study and answer the questions: London Elevator Repair London Elevator…
A: A business process is a set of activities that are performed in a coordinated and logical manner to…
Q: To plan to compete against other firms, a firm needs to understand what physical, financial, and…
A: Here, this question is related to analyzing the competitive environment of an organization, In the…
Q: The HR team is seeking ways in which to effectively evaluate the jobs within the organisation. You…
A: Associations use job evaluation to decide the general worth of different jobs inside the…
Q: Your firm is making new equipment. This crazy notion can give your business an advantage. The CEO…
A: Innovation refers to the process that involves creating something new which differentiates the…
Q: What's the point of identity and permission management today?
A: Identity and permission management is the technique through which the organizations digital…
Q: Firm B's demand for a product is 10 units per month. Its supplier charges an ordering cost of $5 per…
A: Find the Calculation methods below: EOQ (Q) = 2DSHTotal cost = (D * h) + ((DQ)*S) + (Q2)*HD - Annual…
Im having trouble doing this
Step by step
Solved in 3 steps with 4 images
- Bernie’s Bike Shop receives the following trade discounts: 20/15/15. The vendor’s price list indicates that 20 percent off list price is for purchasing bikes in quantities of 100 or more, 15 percent off list price is for assembling the bikes for customers, and 15 percent is for sales promotion and local advertising. If the manufacturer’s list price is $550, what should Bernie pay for each bike if he orders 110 bikes at a time, assembles the bikes, and displays and advertises them?Boston Company use a special part in manufacturing of its finished products. The unit cost thisspecial part is $ 35, and details of its manufacturing cost is as follows. The $35 unit productcost of this part is based on average 25,000 number of parts produced each year.An outside supplier has offered to supply the 25,000 parts at a cost of $30 per part. The specialequipment used to manufacture the above part. This equipment can only be used formanufacturing of this part and if not used it has no resale value.The total amount of general factory overhead, which is allocated based on direct labor-hours,would be unaffected by this decision because it is fixed cost..Suggest the management whether to stop producing internally and buy them from theoutside supplier?Description CAD Direct Materials 10Direct Labor 6Variable overheads…As a potential owner of a club known as Club Salida, you are interested in determining the necessary volume of sales in dollars to reach the breakeven next year. You decided to break down the club's sales into. four categories, where beer is the first. Your estimate of the sale of beer is that it will serve 30,000 servings. The selling price per unit will average $ 1.50; its cost is $ .75. The second category is food, of which you expect sell 10,000 units with an average unit price of $ 10.00 and a cost of $ 5.00. The third category is desserts and wine, of which you also hope to sell 10,000 units, but with an average unit price of $ 2.50 and a cost of $ 1.00. The last category is inexpensive lunches and sandwiches, of which you expect sell a total of 20,000 units with an average price of $ 6.75 and a cost per unit of $ 3.25. Your fixed costs (i.e. rent, utilities, etc.) are $ 1,800 a month plus $ 2,000 a month for entertainment. a) What is your breakeven point in dollars per month? b)…
- Hayworth Corporation has Just segmented last year's income statement into its ten product lines. The chief executive officer (CEO) is curlous as to what effect dropping one of the product lines at the beginning of last year would have had on overall company profit. What is the best number for the CEO to look at to determine the effect of this elimination on the net operating income of the company as a whole? Multiple Choice the product line's sales dollars the product line's contribution margin the product line's segment margin the product line's segment mergin minus an allocated portion of common fixed expensesNatBike, a bicycle manufacturer, has identified two customer segments; one segment prefers a customized bicycle and is willing to pay a higher price whereas the other is willing to take a standardized bicycle but is more price sensitive. Assume that the cost of manufacturing either bicycle is $200. Demand from the customized segment has a demand curve of d1=20,000-10p1 and demand from the price-sensitive standard segment is d2=40000-30p2 What price should NatBike charge each segment if there is no capacity constraint? What price should NatBike charge each segment if the total available capacity is 20,000 bicycles? What is the total profit in each case?A Las Vegas, Nevada, manufacturer has the option to make or buy one of its component parts. The annual requirement is 20,000 units. A supplier is able to supply the parts for $10 per piece. The firm estimates that it costs $600 to prepare the contract with the supplier. To make the parts in-house, the firm must invest $50,000 in capital equipment, and the firm estimates that it costs $8 per piece to make the parts in-house. Assuming that cost is the only criterion, use breakeven analysis to determine whether the firm should make or buy the item. 1. What is the breakeven quantity? 2. Should the manufacturer Make or Buy? 3. What is the cost savings using your decision in number 2 (above)? Show the total cost for each scenario then the savings amount.
- A purchasing agent for a particular type of silicon wafer used in the production ofsemiconductors must decide among three sources. Source A will sell the siliconwafers for $2.50 per wafer, independently of the number of wafers ordered. Source Bwill sell the wafers for $2.40 each but will not consider an order for fewer than3,000 wafers, and Source C will sell the wafers for $2.30 each but will not acceptan order for fewer than 4,000 wafers. Assume an order setup cost of $100 and anannual requirement of 20,000 wafers. Assume a 20 percent annual interest rate forholding cost calculations.c. If the replenishment lead time for wafers is three months, determine the reorderpoint based on the on-hand level of inventory of wafersA purchasing agent for a particular type of silicon wafer used in the production ofsemiconductors must decide among three sources. Source A will sell the siliconwafers for $2.50 per wafer, independently of the number of wafers ordered. Source Bwill sell the wafers for $2.40 each but will not consider an order for fewer than3,000 wafers, and Source C will sell the wafers for $2.30 each but will not acceptan order for fewer than 4,000 wafers. Assume an order setup cost of $100 and anannual requirement of 20,000 wafers. Assume a 20 percent annual interest rate forholding cost calculations.a. Which source should be used, and what is the size of the standing order?A purchasing agent for a particular type of silicon wafer used in the production ofsemiconductors must decide among three sources. Source A will sell the siliconwafers for $2.50 per wafer, independently of the number of wafers ordered. Source Bwill sell the wafers for $2.40 each but will not consider an order for fewer than3,000 wafers, and Source C will sell the wafers for $2.30 each but will not acceptan order for fewer than 4,000 wafers. Assume an order setup cost of $100 and anannual requirement of 20,000 wafers. Assume a 20 percent annual interest rate forholding cost calculations.b. What is the optimal value of the holding and setup costs for wafers when theoptimal source is used?
- The Marketing Manager of Dotcom Limited has conducted a market research on the price-demand relationship for its consumer durable Product-V which has been recently launched. The price-demand pattern will be as follows: Price per unit (Rs.) 16.650 16.050 14.400 13.050 Product-V is manufactured in batches of 1.000 units. The production manager of Dotcom Limited has also researched and studies the pattern and believes that 50% of the variable manufacturing cost would have a learning effect. This learning curve effect will continue up to 4.000 units of production at constant rate But after 4.000 units of production unit variable manufacturing cost would be equal to the unit cost at the 4 batch. The manufacturing unit cost of the first batch will be Rs. 6.600 of which only 50% is subjected to learning and experience curve effect. The average unit variable of all 4 batches will be Rs 6.180 The price and maximum contribution at which Dotcom Limited should sell Product-V is: Rs.14,400, Rs.…Suppose that it costs $15 to produce a low-quality wallet and $16 to produce a high-quality wallet, consumers cannot distinguish between the products before purchase, there are no repeat purchases, and consumers value the wallets at their cost of production. The twenty firms in the market produce 500 wallets each. Each firm produces only high-quality or low-quality wallets. Consumers pay the expected value of a wallet. Do any of the firms produce high-quality wallets? A firm will not have an incentive to produce high-quality wallets: If one firm makes a high-quality wallet, then each firm that produces low-quality wallets will earn a profit of $ and the firm that makes the high-quality wallets will earn S. (Enter numeric responses using real numbers rounded to two decimal places.)Suppose the utility function for goods x and y is given by U(x,y) = xy + y4.1. Calculate the uncompensated (Marshallian) demand functions for x and y and describe how the demand curves for x and y are shifted by changes in I or the price of the other good.4.2. Calculate the expenditure function for x and y.4.3. Use the expenditure function calculated in (4.2) to compute the compensated demand functions for goods x and y. Describe how the compensated demand curves for x and y are shifted by changes in income or by changes in the price of the other good.4.4. Given money income = 6, px = 2, py = 2, calculate CV, EV, and consumer surplus when px becomes 4.