A producer of pottery is considering the addition of a new plant to absorb the backlog of demand that now exists. The primary location being considered will have fixed costs of $11,152 per month and variable costs of $1.23 per unit produced. Each item is sold to retailers at a price that averages $2.07 a) The volume per month is required in order to break even = Blank 1 (in whole number) b) The profit or loss would be realized on a monthly volume of 61,000 units - Blank 2 c) The volume is needed to obtain a profit of $16,000 per month = Blank 3 (in whole number) d) The volume is needed to provide revenue of $23,000 per month = Blank 4 (in whole number)
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- A producer of pottery is considering the addition of a new plant to absorb the backlog of demand that now exists. The primary location being considered will have fixed costs of $7,400 per month and variable costs of $0.73 per unit produced. Each item is sold to retailers at a price that averages $1.13a) The volume per month is required in order to break even = (in whole number) b) The profit or loss would be realized on a monthly volume of 61,000 units = c) The volume is needed to obtain a profit of $16,000 per month = (in whole number) d) The volume is needed to provide revenue of $23,000 per month = (in whole number)A producer of pottery is considering the addition of a new plant to absorb the backlog of demand that now exists. The primary location being considered will have fixed costs of $11,152 per month and variable costs of $1.23 per unit produced. Each item is sold to retailers at a price that averages $2.07 The volume is needed to provide revenue of $23,000 per month = ( ) (in whole number)A producer of pottery is considering the addition of a new plant to absorb the backlog of demand that now exists. The primary location being considered will have fixed costs of $7,900 per month and variable cost of 62 cents per unit produced. Each item is sold to retailers at a price that averages 85 cents. (Round all answers to a whole number.) a. What volume per month is required in order to break even? b. What profit would be realized on a monthly volume of 65,000 units? 85,000 units? c. What volume is needed to obtain a profit of $13,000 per month? d. What volume is needed to provide a revenue of $20,000 per month?
- Way Cheap has 16 warehouses, 12 have stock inventory of 50,000 and 4 have stock inventory of 100,000. a. What is their current total safety stock, and what will be their new required safety stock if they reduce to a total of 9 warehouses? b. If instead of 9, they drastically decreased from 16 to 4 warehouses, what would be their new safety stock level? c. As a supply chain consultant, what would you counsel Way-Cheap are potential downsides of drastic warehouse downsizing, to be contrasted against the benefit from decreased safety stock requirements? Plz send answer fast I will upvoteAssume an initial starting Ft of 200 units, a trend (Tt ) of 8 units, an alpha of 0.30, and a delta of 0.40. If actual demand turned out to be 288, calculate the forecast including trend for the next period. A. 308 B. 250 C. 208 D. 245A firm’s manager must decide whether to make or buy a certain item used in the production of vending machines. Making the item would involve annual lease costs of $150,000. Cost and volume estimates are as follows Make Buy Annual fixed cost $150,000 None Variable cost/unit $ 60 $ 80 Annual volume (units) 12,000 12,000 Given these numbers, should the firm buy or make this item? There is a possibility that volume could change in the future. At what volume would the manager be indifferent between making and buying?
- 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.Frank’s Contract Bakery measured her 2021 Cost of Goods Sold to be 6516265. Her Average Aggregate Inventory Value on raw materials was 2,310,000, work in process (WIP) was 1,500,000 and the finished goods was 1,400,000. Last year Days of Supply is: No decimalsTim Urban, owner/manager of Urban’s MotorCourt in Key West, is considering outsourcing the daily roomcleanup for his motel to Duffy’s Maid Service. Tim rents anaverage of 50 rooms for each of 365 nights (365 3 50 equalsthe total rooms rented for the year). Tim’s cost to clean aroom is $12.50. The Duffy’s Maid Service quote is $18.50 perroom plus a fixed cost of $25,000 for sundry items such asuniforms with the motel’s name. Tim’s annual fixed cost forspace, equipment, and supplies is $61,000. Which is the preferred process for Tim, and why?
- Solve the following LP using Simplex method Maximize Z = 70x + 140 y Profit in '00 Rs Subject to 30 x + 20 y < 360 10 x + 40 y< 100 х, у 2 0 Machine hours Raw material (kg) Non-negative You are required to find (a) Optimum product mix and max. profit. (b) Whether machine hours are fully utilized or not. If machine is made available for one more hour what is the effect on the profit? (c) If the optimal solution obtained does not require the production of some product, explain as to why such product would not be produced. In this context, indicate the quantity (quantities) of other products that would be foregone for producing such a product. (d) What would be the effect on the solution of each of the following: i. Obtaining an order for 2 units of product B, which must be met. ii. An increase of 10 per cent capacity in the Raw material.Charles Lackey operates a bakery in Idaho Fals, Idaho. Because of its excellent product and excelent location, demand has inoreased by 25% in the last year. On far boo many occasions, customers have not been able to purchase the bread of their choice. Because of the size of the store, no new ovens can be added. At a statf meeting, one employee suggested ways to load the ovens differently eo that more loaves of bread can be baked at one time. This new process will require that the ovens be loaded by hand, requiring additional manpower. This is the only production change that will be made in order to meet the increased demand. The bakery currently makes 1,500 loaves per month, Employees are paid S8 per hour. In addtion to the labor cost. Charles also has a constant utity cost per month of $850 and a per loaf ingredient cost of $0.50 Current multtactor productivity for 640 wark hourn per month - 0223 loavesidolar (round your response to three decimal places) Ater increasing the number of…A firm’s cost of goods sold last year was $3,410,000, and the firm operates 52 weeks per year. It carries seven items in inventory: three raw materials, two work-in-process items, and two finished goods. The following table contains last year’s average inventory level for each item, along with its value. a. What is the average aggregate inventory value? b. How many weeks of supply does the firm maintain? c. What was the inventory turnover last year? Category Part Number Average Level Unit Value Raw materials Work-in-process Finished goods 1 2 3 4 5 6 7 15000 2500 3000 5000 4000 2000 1000 $3.00 5.00 1.00 14.00 18.00 48.00 62.00