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- RASM is defined as Revenue per Available Seat Mile and is a common metric to understand flight performance across different routes. Based on the chart below, what would you expect to see in March on a YoY basis? 20 18 16 14 12 10 8 6 4 2 0 Jan-18 Feb-18 Mar-18 Apr-18 May-18 a) Weaker performance YoY b) Stronger performance YoY c) Identical performance YoY d) There are no indicators of performance Jun-18 RASM Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19Racks Company has developed the following standards for one of its products: Direct materials 12 kilograms @ $14 per kg Direct labour 3 hours @ $18 per hour Variable overhead 3 hours @ $ 8 per hour The following activities occurred during the month of October: Materials purchased 10,000 kilograms at $13.60 per kg Materials used 9,000 kilograms Units produced 800 units Direct labour 2,500 hours at $19.00 per hour Actual variable overhead $22,000 The company records materials price variances at the time of purchase. Racks Company's materials price variance would be Racks Company's materials usage variance would be Racks Company's labour rate variance would be Racks Company's labour efficiency variance would be Who would NOT be responsible for an unfavourable material usage variance caused by poor quality material?What is the average number of tennis balls does Skousen maintain?
- Cross-departmental teams work concurrently to get things done (those that work in short production cycles to produce product increments across time). Does the process model of COVID-19 need several models to be built and communicated?Suppose you are in charge of a large mailing to the alumniof your college inviting them to contribute to a scholarshipfund. The letters and envelopes have been individually ad-dressed (mailing labels were not used). The letters are to beprocessed (matched with correct envelope, time estimated tobe 0.2 minutes each), folded (0.12 minutes each), and stuffedinto the correct envelope (0.10 minutes each). The envelopesare to be sealed (0.05 minutes each), and a large commemo-rative stamp is to be placed in the upper right-hand corner ofeach envelope (0.10 minutes each).a. Make a process chart for this activity, assuming that it is aone-person operation.b. Estimate how long it will take to stuff, seal, and stamp 2,000envelopes. Assume that the person doing this work is paid$8 per hour. How much will it cost to process 2,000 letters?c. Consider each of the following process changes. Whichchanges would reduce the time and cost of the currentprocess?▪ Each letter has the same greeting, “Dear…1. A company wishes to estimate the profit from two new products. The estimated cost of producing the first product is €3 per unit and it is expected to sell for €5 per unit while the second product costs €5 per unit and is expected to sell for €8 per unit. The first product takes 1 hour of packaging time per day while the second one takes 2 hours of packaging time per day. The time taken for delivery of the first product is 2 hours while the second takes just 1 hour to deliver. The total time available in the packaging and delivery sections is 6 and 8 hours per day respectively. (a) Formulate the linear programming problem. (b) Solve the problem to find the optimum solution. Clearly label and show the feasible solution space on your diagram. (c) Over what range can the coefficient for the first product vary in the objective function before the current solution is no longer optimal? (d) Over what range can the coefficient for the second product vary in the objective function before…
- XYZ Rural Bank implemented its initial attempts to manage the performances of its 150 employees. XYZ Rural Bank has 10 branches all over Zamboanga Peninsula and each branch is supervised by a branch manager and has 10-15 employees working directly under his supervision. In its initial implementation of its own performance management system, its HR department sent a Performance Appraisal (PA) Template that all branch managers need to fill out. PA tool includes the following aspects of the employees performances:• Attendance (lates, absences, undertime etc)• Successful collection done (for Account Officers, Loan Officers, Credit Investigators)• Loans processed (For Account Officers and Loan Officers) Every July and January, all branch managers should submit the filled-out PA templates to HR for recording and consolidation. One week before the deadline for such PA template to be submitted to HR, the branch managers fill out the templates themselves based on their own observations. These…Virginia College promotes a wide variety of executive training courses for firms in the Arlington, Virginia, region. Director Wendy Tate believes that individually typed letters add a personal touch to marketing. To prepare letters for mailing, she conducts a time study of her secretaries. On the basis of the observations shown in the following table, she wishes to develop a time standard for the whole job. Performance Observation (minutes per cycle) Element Rating 1 2 3 4 5 6 Typing letter 80 % 2.6 3.5 2.9 2.0 2.5 3.2 Typing envelope 110 % 0.9 0.7 0.6 0.7 3.2 * 0.8 Stuffing envelope 90 % 0.4 0.5 1.8 * 0.2 0.5 0.6 Sealing, sorting…A #2 pencil (P) is made from a wood subassembly (WS), a band (B) to hold the eraser on and an eraser (E). The wood subassembly is made from 2 wood halves (WH) and a piece of lead (L), the wood halves are made from wood blanks (WB). (For this question we will ignore the need for glue and paint.) The lead times for each of these are given below Lead Time (Weeks) P 2 WS 4 B 6 E 2 WH 2 L 2 WB 1 If nothing is in inventory (that is, all on hand quantities are equal to zero), and it is now the beginning of period 20, then when is the earliest that we can promise to ship No. 2 pencils?
- A library administrator wants to determine the proportion of time the circulation clerk is idle. The following information was gathered randomly by using work sampling: Day Number of TimesClerk Busy Number of TimesClerk Idle Total Number ofObservations Monday Tuesday Wednesday Thursday Friday Saturday 8 7 9 7 8 6 2 1 3 3 2 4 10 8 12 10 10 10 If the administrator wants a 95 percent confidence level and a degree of precision of +- 4 percent, how many more observations are needed?17. Services differ from manufactured products in four ways. Intangibility, Inseparability, Perishability and ? A. Homogeneity B. Heterogeneity C. Intractability D. Invisibility E. None of the above 18. The implications of low volume production include the following except a) Low unit cost b) Less systematization c) Low repetition d) Each staff performs more of jobs e) None of the aboveIshikawa diagram is a method for stating and identifying the problem. It can be also known as: i. Fishbone diagram ii. Fishwhale diagram iii. Herringbone diagram iv. Fishikawa diagram А. i and ii В. i, ii and iii C. i, iii and iv D. All above