(a) What is total profit now? (b) What will be the profit with the new machine? (c) Should the company invest in the new equipment?
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- Which of the following should NOT be included in the analysis of a new product? 1. money already spent for research and development of the new product II. reduction in sales for a current product once the new product is introduced III. increase in accounts receivable needed to finance sales of the new product IV. market value of a machine owned by the firm which will be used to produce the new product V. $1,000,000 the company spent 5 years ago to buy a machine which will be used to produce the new product I and III QI and V II, III, and IV I, II, and IVIn case of a production company which produces 3 different products (RE1, RE2, RE3), we know the following information: Measuring Unit RE1 RE2 RE3 Quantity unit 3,000,000 4,000,000 5,000,000 Sales Price Euro/unit 2,500 3,000 3,500 Production Cost Euro/unit 1,500 1,500 1,500 Consumption Factor kg/unit 0.02 0.04 0.01 Tasks: a) Has a company scarce resource if the company has only 250 tons raw material? b) Calculate the optimal composition of products! c) Determine the estimated total sales!An item can be sold for P63per unit wholesale is being produced with thefollowing cost data: Labor cost =P10 per unitMaterial cost =P15 per unitFixed charges =P10,000Other variable cost =P8 per unit a.) What is the break-even sales volume?b.) What is the break-even sales volume if one out of every ten units produced is defective and is rejected with only full recovery on materials?
- 17. Services differ from manufactured products in four ways. Intangibility, Inseparability, Perishability and ? A. Homogeneity B. Heterogeneity C. Intractability D. Invisibility E. None of the above 18. The implications of low volume production include the following except a) Low unit cost b) Less systematization c) Low repetition d) Each staff performs more of jobs e) None of the aboveA premium golf ball production line must produce all of its balls to 1.615 ounces in order to get the top rating (and therefore the top dollar). Samples are drawn hourly and checked. If the production line gets out of sync with the target weight on a statistical significance test it must be shut down and repaired. Assume that the weight of golf balls is normally distributed. This hour’s sample of 18 balls has a mean of 1.611 ounces and a standard deviation of 0.065 ounces. This hour's sample mean falls -0.2600 standard errors below the mean. What is the exact p-value of this t statistic? (Enter your answer to 4-decimal places, for example 0.1000.)match each variable types with its description: variables: Process input variable, Process output variable, Critical to quality, Key process output variable, Key process intput variable, description (a) a product or process requirement that is no matter to the customer (b) a product or process knob or control that affects characteristics of importance to the customer (c) a product or process knob or control that has no impact on the process (d) a product or process requirement that must be present to make the customer happy but that the customer does not know to explicitly specify (e) a product or process requirement specifically requested by the customer
- X1=210 X2=3 I need a clear step by step answer please :)4. Happy Toy Company's R&D The Happy Toy Company's R&D department is always looking for great ideas for new toys. On average, the R&D department generates about 10 new toy ideas a week. To go from idea to approved product, the idea must go through 5 stages: Pr(Fail) = 40% Pr(Fail) = 50% Pr(Fail) = 65% Pr(Fail) = 80% Initial Safety testing Focus Final decision Mockup screening group In initial screening a staff member spends 2 hours considering the idea. In mock-up, the idea is sent to one of many suppliers to produce a physical mock-up of the toy. There is essentially unlimited capacity at this stage, but it takes 4 days to get the mockup built even though multiple mockups can be built simultaneously. In safety testing each idea requires 2 days from a staff member to have the idea checked for safety. In focus groups each idea requires 3 hours from a staff member to have the idea test marketed. Finally, the management team meets for 4 hours per idea to decide if the toy should be added…Explain or define each of these terms:d. Expected value of perfect information
- 36. This risk stems from the unavailability of raw materials, IT, skilled labor, facilities, or other resources that threaten the organization's ability and capacity to continue operations. Group of answer choices None of the choices Product or service failure risk Availability risk Business interruption risk Commerce risk17- According to a business plan for a startup, the break-even point was calculated at 12,000 units of sales. However, after launch, the average variable cost for the product has gone up. Which of the following is the effect on break-even point? Group of answer choices the effect on break-even point cannot be determined without more information the break-even point will remain the same the break-even point will be higher than 12,000 units the break-even point will be lower than 12,000 units 18- According to a business plan for a startup, the break-even point was calculated at 12,000 units of sales. However, after launch, the unit price for the product had to be lowered. Which of the following is the effect on break-even point? Group of answer choices the break-even point will remain the same the break-even point will be lower than 12,000 units the effect on break-even point cannot be determined without more information the break-even point will be higher than 12,000…1. Suppose that you are an ammunition manufacturer and that your manufacturing process yields a true % of defects of 2.5%. The probability of accepting a lot of 40,000 cartridges for a sample of 3000 with 15 defects is 85%. The AOQ for this set of 40,000 cartridges is _____ %. 2. You are the process improvement manager and have just purchased a metal sheet roller to form gasket material for high-performance engines. You are excited because the company's goal is 6 sigma (no more than 3.4 defects per million) and this machine may be the innovation that you need. The gaskets cannot be more than 0.0002 in from the required thickness of 0.025 in. You want to know if you should replace the existing roller that has a Cpk = 1.0. The new sheet roller has a Cpk = ___. Round the answer to 2 decimal places.