ABC Manufacturing has the following Aggregate Plan demand requirements and other data for the upcoming four quarters. Quarter Demand Previous quarter's output 1500 units 1 1300 Beginning inventory 200 units 2 1400 Stockout cost $50 per unit 3 1500 Inventory holding cost $10 per unit at end of quarter 4 1300 Hiring workers $4 per unit Laying off workers $8 per unit Unit cost $30 per unit Overtime $10 extra per unit By utilizing the aggregate planning excel sheet, answer the following: a. Plan A - Chase demand by hiring and laying off. What is the total cost of the plan? [ Select ] b. Plan B - Mixed strategy producing at a constant rate of 1200 and obtaining the remainder from Overtime. What is the cost of this plan? [ Select ] c. Based on cost, what plan should be chosen?

ABC Manufacturing has the following Aggregate Plan demand requirements and other data for the upcoming four quarters. Quarter Demand Previous quarter's output 1500 units 1 1300 Beginning inventory 200 units 2 1400 Stockout cost $50 per unit 3 1500 Inventory holding cost $10 per unit at end of quarter 4 1300 Hiring workers $4 per unit Laying off workers $8 per unit Unit cost $30 per unit Overtime $10 extra per unit By utilizing the aggregate planning excel sheet, answer the following: a. Plan A - Chase demand by hiring and laying off. What is the total cost of the plan? [ Select ] b. Plan B - Mixed strategy producing at a constant rate of 1200 and obtaining the remainder from Overtime. What is the cost of this plan? [ Select ] c. Based on cost, what plan should be chosen?

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter7: Production And Cost In The Firm

Section: Chapter Questions

Problem 1.2P

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Using the below information, create a journal entry to move the costs of Jane, Jack, and Judy from the Corporate Services to the Corporate Special Project for personnel costs incurred from June 1 to August 22 (12 weeks). Each employee works only 7.5 hrs a day, Monday to Friday, and no Yukon Bonus costs should be included in the journal entry. Show your calculations. Name Pay Start Date Pay End Date Total Hours Regular Pay Yukon Bonus Benefits Total Pay Jane 1-Jan-15 2-Sep-15 772.50 37,387.17 2,242.00 8,139.70 47,768.87 June 1-Jan-15 2-Sep-15 832.50 29,516.71 2,242.00 7,115.29 38,874.00 Jack 1-Jan-15 2-Sep-15 453.95 16,174.01 1,116.52 3,587.91 20,878.44 Judy 1-Jan-15 2-Sep-15 847.50 34,849.88 2,242.00 7,243.37 44,335.25 James 1-Jan-15 2-Sep-15 476.85 16,793.96 1,257.82 3,970.12 22,021.90
(a) Complete the following table and draw the corresponding graphs. Capital inputs Labor inputs Total product Average product Marginal product 20 0 0 20 1 15 20 2 34 20 3 51 20 4 65 20 5 74 20 6 80 20 7 80 20 8 75 (b) What is relationship between MP and AP? Explain why MP first rises, then declines and ultimately becomes negative? (c) Whether the above phenomenon is long run or short run and why? (d) Does law of diminishing marginal returns holds in above scenario? Why and why not.
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Question: How does the average hourly manufacturing salary in Australia affect cost efficiency? How does the average hourly manufacturing salary in Asia and nearby countries impact Ford’s decisions to halt production? Elaborate and explain. please answer
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a two sector economy has the following input-output technical matrix 0.4 0.3 0.6 0.5 the final demand for the next year is estimamted as 60million for sector Rand 90million for sector s.determine i) total production from each sector in oder to satisfy both intermediate and finanal demand total worth of primamry inputs for the production level in( i)
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QUESTION 12 The following is cost information for the Creamy Crisp Donut Company: Entrepreneur's potential earnings as a salaried worker = S50,000 Annual lease on building = S22,000 Annual revenue from operations = S380,000 Payments to workers = S120,000 Utilities (electricity, water, disposal) costs = Value of entrepreneur's talent in the next best entrepreneurial activity = S80,000 Entrepreneur's forgone interest on personal funds used to finance the business = S6,000 S8,000 %3D %3D Refer to the data. 1- What is the Creamy Crisp's explicit costs are? 2- What is the Creamy Crisp's accounting profit ? 3- What is the Creamy Crisp's economic profit? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Drngraph 14px Arial Close Wind !! > !!!
Exhibit 21-3 Marginal Physical Total Total Product of Variable Marginal Variable Fixed Input Input Variable Input Fixed Cost Cost Cost Output (units) (units) (units) (units) (dollars) (dollars)| (dollars) 1 $500 $0 1 1 10 (A) $500 $200 (F). 2 1 25 (B) $500 $400 (G) 3 1 45 (C). $500 $600 (H). 4 1 60 (D) $500 $800 (1) 5 1 70 (). $500 $1000 (). Refer to Exhibit 21-3. The average fixed cost of producing 25 units of output is a. indeterminable with the information given. b. $50.00. c. $2.50. d. $20.00. e. $500.00.
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