Question 02:Following data set indicates the annual electricity consumption of Sri Lanka in Mega Watt Hours(MWh) from 1996 to 2022.Year199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022Electricity Consumptionin MWh1,5881,5581,7531,4081,3101,4241,6771,9371,6851,4881,5621,6191,6871,8411,8651,6371,6531,6991,6981,5231,5571,7951,9342,1252,5432,6163,191You are required to forecast the electricity demand of Sri Lanka for the year 2023 using thefollowing smoothing methods and recommend the most appropriate value.i. Three year moving average methodii.iii.iv.Six year moving average methodSingle exponential smoothing method (smoothing constant = 0.2)Single exponential smoothing method (smoothing constant = 0.05) Question 01:A manufacturer has production facilities for assembling two different types of television sets.These facilities can be used to assemble both black and white and coloured sets. At the presenttime the firm is producing only one model of each type of set. The black and white setcontributes Rs. 150 towards profit while a coloured set contributes Rs. 450 towards profit. Thenumber of coloured television sets manufactured everyday cannot exceed 50 as the number ofcoloured picture tubes available everyday is 50. Each black and white set requires 6 man-hoursof chassis assembly time, whereas each coloured set requires 18 man hours. The daily availableman hours for the chassis assembly line is 1800. A black and white set must spend one manhour on the set assembly line whereas a coloured set must spend 1.6 man hours on the setassembly line. The daily available man hours on this line is 240. A black and white televisionset requires 0.5 man hours of testing- and final inspection whereas a coloured set requires 2man hours. The total available man hours per day for testing and inspection is 162.Formulate and solve the problem using simplex method so that the profit is maximized.

Linear programming: Linear programming is a mathematical method for finding the optimal solution to…

Answered: Question 01: A manufacturer has…

FINANCIAL ACCOUNTING

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Author:Libby

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Chapter1: Financial Statements And Business Decisions

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An electronics firm manufactures two types of personal computers, a standard model and a portable model. The production of a standard computer requires a capital expenditure of $400 and 40 hours of labor. The production of a portable computer requires a capital expenditure of $250 and 30 hours of labor. The firm has $20,000 capital and 2,160 labor-hours available for production of standard and portable computers. If each standard computer and portable computer contributes a profit of $220, and $150 respectively, how many of each type of computer should the firm produce in order to maximize profit? What is the maximum profit?
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Q.1 ChemCo has developed a new product, and has consulted with its marketing department, who have determined that the market share will be 20,000 units, and have recommended that a selling price of $60.00 per unit would be app- ropriate. ChemCo has been able to keep the cost per unit at $50.00. The company has spent a total of $900,000 to design and develop this product. Required: Use the above information to compute as follows: 1. Compute the expected margin for ChemCo 2. Compute the expected turnover 3. Compute the ROI Explain why it is necessary to do the above computations, and show how management can use this information for managing operations
pleasehelp32 Fone Zone Corporation manufactures telephones. Recently, the company produced a batch of 640 defective telephones at a cost of $9,400. Fone Zone can sell these telephones as scrap for $10 each. It can also rework the entire batch at a cost of $6,900, after which the telephones could be sold for $21 per unit. If Fone Zone reworks the defective telephones, by how much will its operating income change? Multiple Choice Increase by $7,040 Increase by $6,540 Decrease by $2,860 Decrease by $6,540
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Al Maha Ceramics SAOG is to provide quality ceramic tiles and world class designs in Oman. The company is planning to sell the package of tiles for OMR 450 and want to achieve 25% as target profit. Examine what would the company’s target cost for this product? a. OMR 300 b. OMR 400 c. OMR 320 d. OMR 360
Laser Cast Inc. manufactures color laser printers. Model J20 presently sells for $325 and has a product cost of $260, as follows: Line Item Description Amount Direct materials $190 Direct labor 50 Factory overhead 20 Total $260 It is estimated that the competitive selling price for color laser printers of this type will drop to $310 next year. Laser Cast has established a target cost to maintain its historical markup percentage on product cost. Engineers have provided the following cost-reduction ideas: 1. Purchase a plastic printer cover with snap-on assembly, rather than with screws. This will reduce the amount of direct labor by 9 minutes per unit.2. Add an inspection step that will add six minutes per unit of direct labor but reduce the materials cost by $7 per unit.3. Decrease the cycle time of the injection molding machine from four minutes to three minutes per part. Thirty percent of the direct labor and 45% of the factory overhead are related to running injection…
Rose-Hulman Ventures developed a prototype product for a start-up medical device company. A few years later, the company was selling three products (X, Y, & Z) with the following characteristics: Selling Price per Unit Variable Cost per Unit Machine-Hours per Unit X $10.00 $6.00 2 Products Y $15.00 $10.00 4 Z $20.00 $10.00 10 The company has a capacity of 2,000 machine hours, but there is virtually unlimited demand for each product. In order to maximize total contribution margin, how many units of each product should the company produce?
25. Arturito Company was approached by the Jordan Brand to purchase 10,000 pairs of shoes for P550. The company currently operates at 45,000 pairs. The maximum capacity of Arturito is 50,000 pairs. If arturito will accept the order, it will need to stop some of their operations. The shoes normally sell for P600. Costs pertaining to the production are as follows: Manufacturing costs are as follows: Direct material per unit P200 Direct labor per unit 180 Variable overhead per unit 50 Fixed overhead per unit 30 Period costs are as follows: Variable selling costs P20 per unit Fixed administrative costs 450,000 If the company will accept the order: It will not incur any selling costs. Variable overhead of P12 per unit will not be incurred. Exportation costs of P150,000 will be incurred. If Arturito will accept the special order, what is the…
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