Q5) Metters Cabinets, Inc., needs to choose a production method for its new office shelf, the Maxistand.To help accomplish this, the firm has gathered the following production cost data. Metters Cabinetsprojects an annual demand of 24,000 units for the Maxistand. The Maxistand will sell for $120 per unit.Which process type will maximize the annual profit from producing the Maxistand? What is the valueof this annual profit?Annualized fixedVariable costs (per unit) ($)cost of plant &Process typeequip.LABOR MATERIAL ENERGYMassCustomization$1,260,000301812Intermittent$1,000,000242620Repetitive$1,625,000281512Continuous$1,960,000251510

Volume of output (Q)= 24000 units Per unit selling price = $120 per unit For mass customization…

Answered: o help accomplish this, the firm has…

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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Multiple choice questions 1. Identify which one of the following is not a type of capacity measurement: a) Design b) Actual c) Input d) Output e) Efficient 2. Which of the following is not a quality ‘guru’? a) Deming b) Juran c) Crosby d) Gilbreth e) Ishikawa 3. Items in transit are referred to as: a) Buffer stock b) Anticipation inventory c) Safety stock d) Pipeline inventory e) Seasonal inventory 4. Which of the following is not one of the most common types of inventory? a) Finished goods inventory b) JIT inventory c) WIP inventory d) Maintenance, repair and operating inventory e) Raw materials inventory 5. Inventory costs include all but one of the following: a) Holding cost b) Ordering cost c) Stock cost d) Shortage Cost e) All of the above 6. Which of the following is not an MRP system file? a) Item master file b) Transaction file c) Location file d) Audit file e) All of the above are correct 7. Lot sizing is selecting the _______ size of a batch of products to be…
1.3 1.4 Riza produces connectors on a 6-person assembly line. Last week, the company produced 3000 connectors of which, 50 were scrapped and unusable. The 3000 connectors were produced during a 40-hour workweek. Calculate the labour productivity of the assembly line. A company produced the following units, 18 000 units in 2021 and 20 000 units in 2022 consuming the following resources: Labour Raw material Overheads Machine rental 2021 300 hours at R48 per hour R10 000 R6000 20 days at R600 per day 2022 300 hours at R48 per hour R8000 R4400 22 days at R600 per day 1.4.1 Calculate the change in multifactor productivity between 2021 and 2022.
Jubelien and Joshua have joined forces to start Rosen old Lettuce Products, a processor ofpackaged shredded lettuce. Jubelien has years of food processing experience and Joshua hasextensive commercial food preparation experience. Together with the help from vendors, theycan adequately estimate demand, fixed costs, revenues, and variable cost per 5-pound bag oflettuce. They think a largely manual process will have monthly fixed cost of 37,500Php andvariable cost of 1.75Php per 5-pound bag. A more mechanized process will have fixed costs of75,000Php per month with variable costs of 1.25Php per 5-pound bag. They expect to sell theshredded lettuce for 2.50Php per 5-pound bag.a. What is the break-even quantity for the manual process?b. What is the revenue at the break-even quantity for the manual process?c. What is the break-even quantity for the mechanized process?d. What is the revenue at the break-even quantity for the mechanized process?e. What is the monthly profit or loss of the…
DESIGN or DRAW a high level “as-is” process diagram depicting how a trade would be made, under "Manager Investment Strategist in Finance department involved in Broker business". The diagram should be for the model showing the bands, process flows, roles, decisions and/or cross functional interactions required. As a swimlane diagram.
State possible issues that must be considered bin the design and manufacturing process of a Bear toy ?
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Paccar Winches production facility has an output of one thousand winches a month. The production facility has a design capacity of 3000 winches; the production facility operates at an efficiency is 50%. The effective capacity of the production facility is-----units?
The Big Black Bird Company (BBBC) has a large order for special plastic-lined military uniforms to be used in an urgent military operation. Working the normal two shifts of 40 hours each per week, the BBBC production process usually produces 2,500 uniforms per week at a standard cost of $120 each. 68 employees work the first shift and 30 the second. The contract price is $220 per uniform. Because of the urgent need, BBBC is authorized to use around-the-clock production six days per week. When each of the two shifts works 72 hours per week, production increases to 3,800 uniforms per week but at a cost of $144 each. a. The multifactor productivity level for two shifts working 72 hours when compared to the level of the normal two shifts.
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