d) Using the line of best-fit, determine the company’s fixed cost per month and the variable cost per unit. (Use 0 & 5,000 units.) e) In view of the department’s cost behaviour pattern, which of the two methods appear more appropriate? Explain your answer.
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d) Using the line of best-fit, determine the company’s fixed cost per month and the variable cost per unit. (Use 0 & 5,000 units.)
e) In view of the department’s cost behaviour pattern, which of the two methods appear more appropriate? Explain your answer.
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- c. Compute and tabulate the daily demand for each month in the table below (round off to the nearest whole number). MONTH PRODUCTION DAYS DEMAND FORECAST DEMAND PER DAY JAN 2022 16 150 ? FEB 2022 16 150 ? MAR 2022 23 250 ? APR 2022 21 250 ? MAY 2022 22 400 ? JUN 2022 22 500 ? JUL 2022 21 600 ? AUG 2022 20 750 ? SEP 2022 20 450 ? OCT 2022 20 250 ? NOV 2022 16 150 ? DEC 2022 16 150 ? TOTAL ? ? d. Assuming that MPQ Limited had adopted a level strategy for the year ended 31 December 2022, compute the average daily demand for the year (round off to the nearest whole number). e. Prepare a graph showing the monthly forecasts and average daily forecast (in units per day) for MPQ Limited.The Chineke Group of Company manufactures two products, namely product B and product P, and provides you with the following information: Prod. B Prod. P Selling price per unit 80.00 50.00 Less cost of sales: Direct material A @ R5.00 per kg 15.00 10.00 Direct material B @ R4.00 per kg 8.00 12.00 Direct labour @ R6.00 per hour 12.00 6.00 Variable manufacturing overhead @ R5.00 per labour hour 10.00 5.00 Fixed manufacturing overhead per unit 5.00 5.00 Gross profit 30.00 12.00 Less sales & administrative costs: Variable 6.00 4.00 Fixed 10.00 5.00 Net profit per unit 14.00 3.00 Take note of the following constraints: Material A available 360 kg Material B available 360 kg Labour hours available…Calculate customer life time value for the data below. (Show Work) Purchase Occasion Transition Probability Average Basket Size 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 ΝΑ 55% 75% 78% 83% 81% 81% 86% 82% 85% 90% 93% 85% 89% 85% 91% 97% 97% 96% 85% 83% 89% 82% 79% 82% 89% 88% 86% 67% 75% $46.71 $56.71 $57.93 $56.87 $58.26 $66.90 $63.62 $70.27 $63.03 $62.60 $71.81 $76.76 $78.14 $65.65 $74.84 $81.11 $72.08 $87.30 $71.94 $75.44 $70.35 $72.86 $66.68 $79.90 $93.91 $61.08 $94.16 $100.40 $77.89 $99.70
- 2.17 For the following data, calculate the number of workers required for level production and the resulting month-end inventories. Each worker can produce 14 units per day, and the desired ending inventory is 9000 units. Month Working Days Forecast Demand Planned Production Planned Inventory 11,500 1 2 3 4 Total 20 24 12 19 28,000 27,500 28,500 28,500Sterling's worksheet, Intake vs.Goals Report & Food Log. Sterling is 30 years old college graduate. Currently he works for the federal government as program analysis. During the pandemic Sterling was promoted, work has been extremely busy. Dusty working from home, he has had little time to cook or exercise. During this annual physical, the doctor reported that he had gained 50 pound. Sterling wonderd it eat came from the beer, he drank 1 every evening. Sterling exercises about an hour on Saturday and Sundays. He used exercise daily when he was college athlete. His lab work and blood pressure were not the best either. The doctor counseled him and referred him to the nutrient. Sterling shared that his father saferd heart attack at age 50 and his mother has hypertension, he realizes that this risk for cardiovascular diseaseQtyI Standard Labor Hour Raw Material Standard Labor 2 Hours Raw Material INDEPENDENT DEMAND Period 2 3 4 5 Total 6 Product A 1,000 1,000 1,000 1,000 1,000 1,000 6,000 Product B 500 500 500 1,500 15. The standard labor capacity required to support this plan is A. 9,000 hours B. 13,500 hours C. 18,000 hours D. 21,000 hours 16. Products A and B are produced on two different dedicated production lines. If both lines work on the same shift schedule, the ratio of workers on line A to workers on line B is A. 2:1 В. 2:3 С. 2:5 D. 4:1
- 123456789unn3u5167 10 5 6 Variable Cells 18 19 20 21 22 23 24 25 26 27 28 29 30 31 7 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 8 9 10 11 2 11 13 12 14 12 Constraints Name Cell $B$15 demand for A LHS $B$16 total demand LHS 16 17 $B$17 procssing time LHS Cell $C$8 A $D$8 B 15 16 Name Final Reduced Objective Allowable Allowable Value Cost Coefficient Increase Decrease 1E+30 250 100 Final Value Price 250 350 600 0 0 Shadow Constraint R.H. Side 0 4 -1 2 3 Q1 what is the range for objective coefficient of A and B? 125 350 600 1 1E+30 Allowable Allowable Increase Decrease Q4) if the objective coefficient of A goes up to 5 dollars what will happen? Q2 assume that the final value of B is 0 and the reduced cost of B is 1; explain the situation ? Q5 If the objective coefficient of B goes up to 8 dollars what will happen? Q6) if the obj coeff of A goes down to -5 dollars what does that mean? 125 125 100 1 Q3 if the objective coefficient of A goes down to 1 dollar and objective coefficient of B…The current data for five trees that will be analyzed in the exercise are shown in the following table Expected Yearly Demand Quantity For Sale In-Field Quantity 440 74 Trees Christmas Palm Washingtonia Gumbo Limbo Yellow Poinciana Weeping Podo 81 165 159 49 185 Trees Christmas Palm Washingtonia Std Dev 31 155 35 32 68 Gumbo Limbo Yellow Poinciana The "expected yearly demand" is an estimate of the demand over the next year for the tree. The "std dev" is the standard deviation, a measure of the error, that corresponds to the forecast. For-sale and in-field quantities are given, and finally the total number of trees planted on the farm. The demand forecast and quantities are updated on an ongoing basis as trees are sold and planted on the farm. 374 70 42 290 Your first task is to evaluate the inventory "position" of each tree. The farm does not keep any backorder information, so the only data you have is "for-sale" and "in-field" quantities. Think about "for-sale" as on-hand trees, and…1.The managers of Kai’s Catering want to increase the number of events booked by 20%. To accomplish this, a(n) ________ was established to include clear weekly targets for number of deposits received. Multiple Choice means-end chain operating plan strategic plan scenario analysis 2. Prior to Apple’s debut of the iPhone, Microsoft was also working on a revolutionary smart phone. Microsoft was already one of the world’s leading technology companies with thousands of engineers and designers with hundreds of millions of dollars for their R&D budget. Despite having a solid strategy and adequate resources, Microsoft derailed cross-departmental cooperation, perpetuated unhealthy competition among its employees, and ultimately Multiple Choice closed the business due to a labor strike. failed to implement its strategy. developed a competitive advantage in smart phones. fired Bill Gates. 3. You receive a memo that reads as follows: “In recent months, our customer evaluations have…
- Table 1. Demand of Hairdryer from January to July [Jadual 1. Permintaan Pengering Rambut dari Januari 2021 hingga Julai 2021] Month Demand January February 2800 2870 March 2968 April Мay 3000 3100 Jun 3150 July 3400 a) Calculate forecast future demand for May, June, July and August by using 3 months simple moving average.[hitung ramalan permintaan masa depan untuk bulan Mei, Jun, Julai dan Ogos dengan menggunakan purata bergerak sederhana 3 bulan.] *Short Questions: 6. What are principles of QMS? 7. What is the purpose of inventory in operations management? 8. What is the difference between horizontal and vertical integration? 9. What does scope of operation means? 10. What are forecasting model? 11. Why forecasting is importance for business success? Describe briefly. 12. What is SIPOC analysis? 13. Define briefly productivity and its types. 14. What are the types of capacity management? 15. Define the following terms a. Muda b. Mura c. Muri.Scatter Diagrams and High-Low Cost Estimation Assume the local Pearle Vision has the following information on the number of sales orders received and order-processing costs. Month Sales Orders Order-Processing Costs 3,000 $ 165,400 1,500 100,750 4,400 241,400 2,800 163,800 2,300 139,550 1,200 86,200 2,000 125,000 1 2 3 4 5 6 7 Required (a.) Use information from the high- and low-volume months to develop a cost-estimating equation for monthly order-processing costs. $ 28,000 + $48.5 X (b.) Plot the data on a scatter diagram. Using the information from representative high-and low-volume months, develop a cost estimating equation for monthly order-processing costs. If needed, an Excel worksheet is provided in the following link in order to create the scatter diagram: Scatter_Diagram $ 15,000 X+ $53.14 X X