The Viva Mirror & Deco Company has five employees which makes three differentkinds of hand-crafted mirrors: a wood-framed, aluminum-framed and vinyl-framedmirror. They earn RM60 for each wood-framed mirror, RM40 for each aluminum-framed mirror and RM40 for each vinyl-framed mirror.Fadli makes the wood frames, and can make 8 per day. Alan makes the aluminumframes, and can make 6 per day. Selva makes vinyl frames and can make 7 per day.Firdaus can make wood frames and aluminum frames. If he is devoted to make woodframes, 5 per day can be made, if he is devoted to make aluminum frames, 10 per daycan be made. Alex forms and cut the glass, and can make 8 m² of glass per day. Woodframe uses 0.8m of glass. Each aluminum frame and vinyl frame uses 1 m' of glass.To meet the customer demand, Viva Mirror & Deco need to produce at least 5 mirrors(regardless of types) per day. As the consultant for Viva Mirror & Deco, you need tostudy this situation. As the consultant for Viva Mirror & Deco, you need to study thissituation. (3)Due to the MCO, the supplier has increased the price of the wood. Thecompany has to absorb this cost and maintain the same selling price, andso lower the profit made for each wood-framed mirror. How would theoptimal solution change (if at all) if the profit per wood-framed mirrordecreases from RM60 to RM20.

As an Operations Management Consultant, my role is to analyze and evaluate the production processes…

Answered: (3) Due to the MCO, the supplier has…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Please show all work and explain answer. OneRing Company sells memorabilia to residents of Middle-Earth. They are about to invest $6 million in a new ring making plant. Fixed costs of operating the plant are $1 million a year. The ring costs $60/unit to manufacture (variable cost) and will be sold for $200/unit. The plant will last for 5 years, and will be depreciated over 5 years to zero using the straight-line method. The plant will have no salvage value after five years. Net working capital requirements are negligible for this project. Assume there are no taxes in Middle-Earth, and that the appropriate discount rate for the project is ten percent. How many rings per year must OneRing sell in order to break even?
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