A factory produces 7,000 units of car replacement component per month which can be sold at the price of $50/unit. The monthly labor cost is $1,000 per worker with 8 workers available, material cost is $5,000, and overhead cost is 20% of the material cost. A new machine can be added that will increase the output by 1000 units, decrease the number of workers by one, and increase the overhead cost by $3000. Compute the productivity growth and justify whether the addition of the new machine is beneficial or not.
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A factory produces 7,000 units of car replacement component per month which can be sold at the price of $50/unit. The monthly labor cost is $1,000 per worker with 8 workers available, material cost is $5,000, and overhead cost is 20% of the material cost. A new machine can be added that will increase the output by 1000 units, decrease the number of workers by one, and increase the overhead cost by $3000. Compute the productivity growth and justify whether the addition of the new machine is beneficial or not.
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- A factory produces 7,000 units of car replacement component per month which can be sold at the price of $50/unit. The monthly labor cost is $1,000 per worker with 8 workers available, material cost is $5,000, and overhead cost is 20% of the material cost. A new machine can be added that will increase the output by 1000 units, decrease the number of workers by one, and increase the overhead cost by $3000. Compute the productivity growth.A manufacturing facility is designed to produce 300 parts per day. If the company utilization is 85%, what will be its actual production?Mance Fraily, the Production Manager at Ralts Mills, can currently expect his operation to produce 1000 square yards of fabric for each ton of raw cotton. Each ton of raw cotton requires 5 labor hours to process. He believes that he can buy a better-quality raw cotton, which will enable him to produce 1200 square yards per ton of raw cotton with the same labor hours. What will be the impact on productivity (measured in square yards per labor-hour) if he purchases the higher quality raw cotton?
- A small furniture shop that focuses on making kitchen chairs produces 20,000 kitchen chairs annually. The shop is considering purchasing a new sanding machine; the machine will enable the workers to produce 30,000 chairs annually. Should the furniture shop proceed with the purchase of the new machine? * No, the new machine would increase the labor productivity by 25%. Yes, the new machine would increase the labor productivity by 25%. Yes, the new machine would increase the labor productivity by 50%. No, the new machine would decrease the labor productivity by 50%.Mark Tuan, the Production Manager at MT Mills, can currently expect his operation to produce1000 square yards of fabric for each ton of raw cotton. Each ton of raw cotton requires 5 laborhours to process. He believes that he can buy a better-quality raw cotton, which will enable himto produce 1200 square yards per ton of raw cotton with the same labor hours.What will be the impact on productivity (measured in square yards per labor-hour) if hepurchases the higher quality raw cotton? You are required to calculate: a) Productivity for the current raw cotton? b) The new productivity if Mark Tuan use the new raw cotton. c) What is the percentage increase in productivity?Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,200 tires per day with the following resources: Labor: 400 hours per day @ $12.00 per hour 20,000 pounds per day @ $1.50 per pound $5,250 per day $10,250 per day Raw Material: Energy: Capital: a) Labor productivity per labor hour for these tires = tires/labor hour (round your response to two decimal places). b) Multifactor productivity for these tires tires/dollar (round your response to four decimal places). %3D
- Mariah Enterprises makes a variety of consumer electronic products. Its camera manufacturing plant is considering choosing between two different processes, named Alpha and Beta, which can be used to make a component part. To make the correct decision, the managers would like to compare the labor and multifactor productivity of process Alpha with that of process Beta. The value of process output for Alpha and Beta is $170 per unit of product A and $150 per unit of product B, and the corresponding overhead costs for Alpha and Beta are $8,000 and $6,000, respectively. ! Process Alpha Process Beta Product Output (units) Labor ($) Materials ($) A B A B 40 80 60 30 $1,200 $1,400 $1,000 $2,000 $3,500 $1,500 $1,400 $3,000 a. Which process, Alpha or Beta, is more productive? Process Alpha has % higher labor productivity. Process has % higher multifactor productivity. (Enter your responses rounded to the nearest whole number.)Tribal Systems, Inc., is opening a new plant and has yet todecide on the type of process to employ. A labor-intensiveprocess would cost $10,000 for tools and equipment and $14 for labor and materials per item produced. A more au-tomated process costs $50,000 in plant and equipment but has a labor/material cost of $8 per item produced. A fullyautomated process costs $300,000 for plant and equipmentand $2 per item produced. If process selection were basedsolely on lowest cost, for what range of production wouldeach process be chosen?A small metal shop operates 10 hours each day, producing 100 parts/hours. If productivity were increase 20% , how many hours would the plants have to work to produce 1000 parts.
- You are the operations manager for Louisiana Oysters, Inc. The company has designed new "Oyster shucking" knife that is expected to reduce risk of injury to the user. Your firm plans to begin production of these knives soon. Either of two machines, A or B could be used for in-house production. Machine A would have a fixed cost of $6000 and a variable cost of $5 per knife produced, and machine B would have a fixed cost of $9600 but a variable cost of $3 per knife. Each knife is expected to sell for $15. Determine the Range of annual “Volume of Business“[Q], for which each of the two alternative machines would be optimal i.e. best. Hint: Compute various break-even points for your evaluationInc. wants to analyze its variances in its actual and budgeted operation. · There is no difference between the actual gross profit and budgeted gross profit.· The quantity of units sold is the same as the budgeted units sold.· Actual Units sold at budgeted sales price is P10,000· Actual Units sold at budgeted cost price is P8,000· Budgeted Sales is at P10,000 and the actual sales is P1,500 greater than the budgeted sales· Budgeted Cost of Goods Sold is at P8,000 and the actual Cost of Goods Sold is P1,200 greater than the budgeted Cost of Goods Sold.What is the sale price variance?This year, Druehl, Inc., will produce 57,600 hot water heaters at its plant in Delaware in order to meet expected global demand. To accomplish this, each laborer at the plant will work 160 hours per month. If the labor productivity at the plant is 0.I5 hot water heaters per labor-hour, how many laborers are employed at the plant?