A furniture manufacturer is assessing whether it should make or buy the wooden frames for upholstered dining room chairs. The forecast is for 100,000 chairs to be produced per year. The fixed costs per year to make the frames are $150,000 and the variable costs are $5 per frame. The supplier's bid is $8 per frame. a. Compute the total annual cost for insourcing and outsourcing the chair frames. b. Which option would you prefer?

Soft Key is trying to determine how best to produce its newest product, DVORK keyboards. The keyboards could be produced in house using either Process A or Process B or purchased from a supplier. For what levels of demand should each process be chosen? O O Fixed Cost Variable Cost per unit Process A $8,000 $10 Process B $20,000 $4 A From 0-800 Supplier, From 800 to 2000 Process A, From 2000 to infinity Process B Supplier $0 $20 B From 0-800 Process A, From 800-2000 Process B, From 20000 to infinity Supplier C From 0-2000 Supplier, From 2000 to infinity Process B, and Never Process A D From 0-2000 Process A, From 2000 to infinity Process B, and Never Supplier E Always use Supplier, Never use Process A, Never use Process B ד ח

Two competitors have the cost structure shown below. Which of the following statements are true         Firm A Firm B Product 1     Units 500 200 Total costs (P1) $50,000  $18,000        Product 2     Units 500 1200 Total costs (P2) $100,000  $144,000        Total costs (P1 + P2) $150,000  $162,000          A. Firm A should lower its price on Product 2    B. Firm B is the low-cost producer.   C. Firm B should lower its price on Product 1 and Product 2   D. Firm A is the low-cost producer   E. Both A and B are true

To illustrate these different approaches to Production Planning, identify to most appropriate Production Planning and Manufacturing approach the following industrial scenarios A company that manufactures tinned custard with predicted sales volumes of 6 million tins per year

Dominos is planning to introduce two new pizzas (Cauliflower and Calamari). Financial data related to producing these two new pizzas are summarized in the table below. a. If these two new pizzas are sold such that the ratio of Cauliflowers over Calamaris is 4:3, what is the break-even point? b. If the product mix has changed to five Cauliflowers to five Calamaris, what would happen to the break-even point? c. In order to maximize the profit, which product mix should be pushed? d. If both pizzas must go through the same oven and there are only 30,000 oven hours available per period, which product should be pushed to market? Assume that Cauliflower pizza takes 30 minutes and Calamari pizza takes 15 minutes in the oven.   Cauliflower Pizza Calamari Pizza Selling Price $10 $12 Variable Costs $5 $10 Fixed Costs $2,000 $600

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This is for quantity food purchasing and production class! Why do school districts have to follow purchasing laws? What is the process they follow or the fundamental steps? How does this impact Food Service?

SLO-3.3 The five “right objectives” of purchasing are: A) Quality, Quantity, Price, Time, PlaceB) Cost, Service, Specs, Time, QuantityC) Place, Time, Price, Ethics, ContractD) Agent, Supplier, Contract, Price, QuantityResponse TextE) Service, Time, Quality, Price, Quantity SLO 4.1. The design and management of seamless, value-added processes across organizational boundaries to meet the needs of the end customer is called: Supply chain managementStrategic sourcingValue managementCustomer relationship managementStrategic process management

The fixed cost at Harley motors are $1M annually. The main product has a revenue of $9.90 per unit and $4.50 variable cost what is the breakeven quantity per year?

The selling price per box for Cynthia's Cookies is $20.24. Fixed costs are $60,000 and the variable cost per box is $10.43. What is the break-even quantity? Round your answer to the nearest whole number.  boxes If sales last year were 8,700 boxes, what was the net profit? Round your answer to the nearest dollar. $