3. Andy Mendoza makes handcrafted dolls, which he sells at craft fairs. He is considering mass-producing the dolls to sell in stores. He estimates that the initial investment for plant and equipment will be P25,000, whereas labor, material, packaging, and shipping will be about 10 per doll. If the dolls are sold for P30 each, what sales volume is necessary for Andy to break even?
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- Talib must decide whether to have one or two machines for tailoring. One machine will mean a fixed cost of $6000 a month, and the two machines will mean a fixed cost of $10,500 a month. Variable costs involved are $3 per piece, and revenue will be $5.95 per piece. a. If the first month demand is 5000 pieces, how much will the profit be from using each of the options- (i) one machine; (ii) two machines. b. Talib projects an average demand of between 14 to 18 pieces per hour. Each machine can process 15 pieces an hour. Would you recommend one or two machines to Talib? Justify your answer. ***An investment proposal will have annual fixed costs of $60,000, varial costs of $35 per unit of output, and revenue of $55 per unit of output. i) Determine the break-even quantity. ii) What volume of output will be necessary for an annual profit of $60,000A. restaurant is opening in Laie and is going to cater to the rich and the famous. It is a 35 seat A B C D Cash Cost 3000 3200 2700 2000 Estimate life 6 6 6 6 Trade in 500 500 600 0 Installation 675 675 675 675 Initial training 325 350 225 275 Annual training 150 125 125 100 Annual labor 3500…
- 11. Unik hotel has the available capacity of 500 deluxe rooms, and the margin for each room is $100. The Christmas season is coming and the hotel opens booking from customers and must decide on how many orders to commit to at this time. If the hotel has orders that exceed capacity, it must arrange to upgrade the room for guests, which results in a loss of $50 per room. 2. What is the overbooking level should the hotel accept if cancellations are normally distributed, with a mean of 20 per cent of the orders accepted and a coefficient of variation of 0.5? OA) 142 B) 158 O C) 161 OD) 1734. Terminator, Inc., manufactures a motorcycle part in lots of 250 units. The raw materials cost for the part is $170, and the value added in manufacturing 1 unit from its components is $320, for a total cost per completed unit of $490. The lead time to make the part is 4 weeks, and the annual demand is 4,200 units. Assume 50 working weeks per year. a. How many units of the part are held, on average, as cycle inventory? ___ units. (Enter your response as an integer.) What is its value? $______ (Enter your response as an integer.) b. How many units of the part are held, on average, as pipeline inventory? _____units. (Enter your response as an integer.) What is its value? $______ (Enter your response as an integer.)What are the advantages and disadvantages of varyingthe size of the workforce to meet demand requirementseach period?
- Franklin Company makes fine jewelry that it sells to department stores throughout the United States. Franklin is trying to decide which of the two bracelets to manufacture. Cost data pertaining to the two choices follow. Bracelet A Bracelet B Cost of materials per unit Cost of labor per unit Advertising cost per year Annual depreciation on existing equipment %24 30 37 43 43 8,800 6,500 7,700 5,900 Required a. Identify the fixed costs and determine the amount of fixed cost for each product. b. Identify the variable costs and determine the amount of variable cost per unit for each product. c. Identify the avoidable costs and determine the amount of avoidable cost for each product.Star Symphony would like to perform for a neighbouring city. Fixed costs for theperformance total $5,000. Tickets will sell for $15 per person, and an outside organizationresponsible for processing ticket orders charges the symphony a fee of $2 per ticket. StarSymphony expects to sell 500 tickets.1. How many tickets must Star Symphony sell to break even?2. How many tickets must the symphony sell to earn a profit of $7,000?3. How much must Star Symphony have in sales dollars to break even?4. How much must Star Symphony have in sales dollars to earn a profit of $7,000?5. What is the symphony’s margin of safety in units and in sales dollars?1. RBF, an emerging singer, is getting ready to cut his first album. The cost of recordingthe CD is Php 500,000 but copies are Php 500 apiece. If the album can be sold forPhp1,500 each, (a) how many CDs must be sold to break even? (b)What is thebreakeven point in dollars?RBF is confident that demand for his album will substantially exceed the break-evenpoint computed above. So, Mikey is contemplating having his album at a classier (andpricier) studio. The cost to record the CD would rise to Php 90,000. However, since thisnew studio works with very high volume, production costs would fall to Php 200 per CD.(c) What is the breakeven point for this new process?(d) Compare this process to the process proposed in the pre SHOW COMPLETE SOLUTION.
- The Best Wheels Bicycle Company produces bicycles indifferent styles for boys and girls, in heights of 26 inchesor 20 inches, and with 10 speeds, 3 speeds, or 1 speed.a. How many different kinds of bicycles does BestWheels make?b. Construct a modular bill of material for Best Wheels(one level). Assume that bike sales are equally splitbetween boys and girls, 26-inch bikes are preferredtwo-to-one to 20-inch bikes, and 3-speed bikes accountfor only 20% of sales. The remaining sales are dividedequally between 10-speed and 1-speed bikes.c. If bicycle sales are expected to reach 10,000 over theholiday shopping season, how many 26-inch bikesshould Best Wheels plan to produce? How many 10-speed bikes?The S&OP team at Ka nsas Furniture has received thefo llowing estimates of demand requirements: a) Assuming one-time stockout costs for lost sales of $ 100 perunit, inventory carrying costs of $25 per unit per month, andzero beginning and ending inventory, evaluate these two planson an incremental cost basis:• Plan A: Produce at a steady rate (equal to minimum requirements)of I ,000 units per month and subcontract additionalunits at a $60 per unit premium cost.• Plan B: Vary the workforce, to produce the prior month'sdemand. The fi rm produced I ,300 units in June. The cost ofhiring additional workers is $3,000 per 100 units produced.The cost of layoffs is $6,000 per l 00 units cut back.Nore: Both hiring and layoff costs are incurred in the month of thechange, (i.e., going from production of I ,300 in July to 1,000 inAugust requires a layofT [and related costs] of 300 units in August,j ust as…Acme Steel Fabricators experienced booming business forthe past five years. The company fabricates a wide range ofsteel products, such as railings, ladders, and light structuralsteel framing. The current manual method of materials han-dling is causing excessive inventories and congestion. Acmeis considering the purchase of an overhead rail-mountedhoist system or a forklift truck to increase capacity and im-prove manufacturing efficiency.The annual pretax payoff from the system depends on futuredemand. If demand stays at the current level, the probabilityof which is 0.50, annual savings from the overhead hoist willbe $10,000. If demand rises, the hoist will save $25,000 annu-ally because of operating efficiencies in addition to new sales.Finally, if demand falls, the hoist will result in an estimatedannual loss of $65,000. The probability is estimated to be 0.30for higher demand and 0.20 for lower demand.If the forklift is purchased, annual payoffs will be $5,000if demand is unchanged,…