1. Buskin's Donuts can make donuts for $0.25 each with theircurrent equipment. They could purchase a different fryer for$12,000 which would reduce their costs to $0.20 each. Or,they could buy a bigger fryer for $42,000 and decrease theircost to $0.17 each. Find the break-even points and graph yoursolution. Over what output range would each option bepreferred?2. Madonna's Burgers is considering making hamburger buns in-house instead of buying them from its supplier. It hasestimated the fixed costs for a used over to be $7,000 and thevariable costs for the buns to be $0.25. It purchases buns for$0.50 each, and there are no fixed purchase costs. Its annualdemand for buns is forecasted to be 15,000. Madonna's wantsto know how many buns it has to make to break even.3. Josh's Hot Dogs is a one-person hot dog stand, and normallygets about 14 customers per hour. Assuming that Josh canserve one customer in about 3 minutes. What impact does thishave on the queuing characteristics? Specifically, thefollowing questions:a. Mean number of customer in the queueb. Mean number of customer in the system:c. Mean waiting time in the queue:d. Mean waiting time in the system:Utilization factor for the system:e.f. Probability of more than 1 customer in the system at anyg.given time.Do youthink he has an acceptable queuing system?

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Answered: 1. Buskin's Donuts can make donuts for…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Please answer in excel format A bike company receives bike orders every week and fulfills them according to order’s type. The following table shows frequency and price of the company's products. a) Assuming each order is for only one product, simulate 12 orders using the following table. Fill out gray areas with appropriate Excel functions. NOTE: Use the random numbers shown in the table. b) Calculate average and total price.
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A manufacturer and a retailer are evaluating to form a supply chain (i.e. to act like a single company). They are currently supplying winter gloves. The manufacturer is producing each pair of winter gloves at $3, and selling each pair to the retailer at $6. The retailer is selling to the customers at $12 per pair. The retailer is philanthropic and donates all unsold winter gloves to a nearby charity home at the end of the season. The customer demand at the retailer is uniformly distributed between 5 and 55. The retailer places only one order per season. Compute the expected profit with and without the supply chain relationship and comment if they should form such a supply chain relationship.
A package holiday company is about to block book hotel rooms for the coming season. The number of holidays actually booked is equally likely to be any number between 0 and 99 (for simplicity rather than reality). Each room booked costs the company $250 and they can sell them for $350. a) How many rooms should the company book if unsold rooms have no value? b) How many rooms should it book if unsold rooms can be sold as last-minute bookings for $100 each?
As manager of the St. Cloud Theatre Company, you have decided that concession sales will support themselves. The following table provides the information you have been able to put together thus far: Item Soft Drink Wine Coffee Candy Selling Price $1.20 $2.00 $1.25 $1.20 Variable Cost $0.60 $0.95 $0.35 $0.25 % of Revenue 26 24 30 20 Last year's manager, Scott Ellis, has advised you to be sure to add 10% of variable cost as a waste allowance for all categories. You estimate labor cost to be $300.00 (5 booths with 2 people each). Even if nothing is sold, your labor cost will be $300.00, so you decide to consider this a fixed cost. Booth rental, which is a contractual cost at $50.00 for each booth per night, is also a fixed cost. a) Based on the information available, the per night break-even point in dollars for the St. Cloud Theatre Company = $633.640 (round your response to two decimal places).
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Tinker's 2020 cost of goods sold was $750,000 and 2019 cost of goods sold was $770,000. The inventory at the end of 2020 was $188,000 and $208,000 at the end of 2019. What was Tinker's inventory turnover during 2020? Group of answer choices A)3.79 b)3.99 C)3.84 D)3.89 E)None of the above

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