Problem 2-3 (Algo) Compute the multifactor productivity measure for each of the weeks shown for production of chocolate bars. Assume 40-hour weeks and an hourly wage of $16. Overhead is 1.5 times weekly labor cost. Material cost is $9 per pound. (Round your answers to 2 decimal places.) Week 1 3 4 Output (units) 34,000 39,000 Week 1 2 3 4 26,000 36,000 Click here for the Excel Data File Workers 7 MFP (Output/Total Cost) Material (lbs) 490 540 460 560
Q: Operations or operations management is not only about creating tangible goods in the business…
A: Production management is described as the method through which various activities in a business…
Q: Identify the four different project evaluations or reviews process. Discuss proper case/example that…
A: The process of gauging a project, program, or portfolio's success is called project evaluation. This…
Q: a single-server waiting line system has an arrival pattern characterized by a poisson distribution…
A: With the given data we can calculate two things: Probability that the system is idle Expected…
Q: During each four-hour period, the Smalltown police force requires the following number of on-duty…
A: Given data is Time slot Police officers needed Midnight to 4 a.m. 4 4 a.m. to 8 a.m. 4 8…
Q: what do you think is the importance of using linear programming in achieving the work individual…
A: Linear programming can be stated as the technique of advancing or optimizing different operations…
Q: Smooth Chin Device Company The Smooth Chin Device Company is a manufacturer of high-end electric…
A: Find the Given details below:
Q: balanced scorecard approach
A: It is against the Bartleby Policy to attempt more than 1 Question, so I Will be solving the first…
Q: What is a plan that can be put in order?
A: Enterprise resource planning often called ERP systems is nothing but the approach used by…
Q: Give a brief explanation of five major process scheduling policy factors.
A: Process scheduling is a concept used by organizations to handle their core operations. It is…
Q: Discuss the concepts of internal and external supply chain integration, and explain why each of…
A: Definitions Internal supply chain integration: - It refers to the collaboration or coordination with…
Q: small project consisting of ten activities has the following characteristics: Determine the…
A: Ans) PERT Table Formula: PERT Table Excel Formula: PERT Table Calculation: Arrow on node…
Q: Discuss the following objectives in relation of tactical logistics management: 1.1.2 Improved…
A: Tactical logistics management can be stated as the approach that generally focuses on the particular…
Q: Crypt-Me-Not Investments, Inc. is a new investment firm that deals exclusively with cryptocurrency…
A:
Q: Calculate the forecasted registrations for years 2 through 12 using exponential smoothing, with a…
A: Forecasting is a technique used to predict future outcomes on the basis of past data. In business…
Q: Explain how you would apply ‘controlling’as a process management activity to a project you have been…
A: Controlling can be stated as one of the key functions of management. The prime objective of…
Q: Following successor relationships are available for a project. Find the early start of activity E?…
A:
Q: Article 1: South African pears will soon be on sale in China for the first time • Consumers in China…
A: "Since the questions to article 1 are not posted, we will be answering the questions of article 2…
Q: Use the data below to solve for the following: Naïve method Unweighted 3 month moving average…
A: Note: - Since we can answer up to three subparts only, we will answer the first three subparts(first…
Q: summarize the purpose and benefits of customer service.
A: Customer service:- The providing of service to customers before, during, and after the purchase of…
Q: We live in a world that is sharing fast information all around the world, where travel is becoming…
A: Business environment:- The word "business environment" refers to the entirety or collection of all…
Q: Use Johnson's rule to obtain the optimum sequence of job processing for the following jobs through a…
A: Johnson's Rule is: From the checklist of unscheduled jobs, choose the one having the shortest…
Q: relevant, to the following questions 1. PART 1. PERT CPM with varying times a Follow a PERT/CPM…
A: A network diagram related to the project shows the sequence of the task that is performed to…
Q: STAR Co. provides paper to smaller companies whose volumes are not large enough to warrant dealing…
A: Objective Functions and Constraints: Based on the given details, the objective…
Q: Jamaica Cane Products has a fixed cost of $10,000 this period. Its direct labor is $1.50 per unit,…
A: Fixed cost(F) = $10000 Direct labor(L) = $1.50 Material(M) = $0.75 Selling price(S) = $4 Let…
Q: Calculate: a. Expected value of perfect information b. Minimax regret value
A: a. Note: The values in bracket indicate negative values.
Q: Examine the significance of project work breakdown structure and product work break down structure.
A: In the context of project management, work breakdown structure often called WBS can be stated as the…
Q: In an expansionist strategy, if the demand is increasing and the time between increments increases,…
A: An expansion strategy can be stated as the synonym of a growth strategy. An organization seeks to…
Q: A small metal-parts shop contains three machines—a drillpress, a lathe, and a grinder—and has three…
A: Decision Variable: Suppose- x11= Operator 1 assigned to the drill press machine x12 = Operator 1…
Q: E-commerce Is Growing – Are You Growing with It? By the end of 2019, e-commerce was a fast-growing…
A: Electronic commerce often called e-commerce can be stated as the organizations and people that…
Q: Complete the master production schedule based on the following information On-hand Inventory - 160…
A: Find the Given details below: Given details Week 1 2 3 4 5 6 7 8 Forecast 120 100 130 110 140…
Q: A functional strategy helps set objectives that guide the optimum allocation of resources among…
A: Functional strategy:- The method a business functional uses to accomplish corporate and business…
Q: Need help understanding how to apply the EOQ to the below example... The Metropolitan Bus Company…
A: Note - Hi! Thank you for the question, As per the honour code, we are allowed to answer three…
Q: Forecasting is an important guard against guess work in decision making. In light of this statement…
A: Every firm engages in a annual planning process for production where the marketing function provides…
Q: STORAGE UNITS ARE AN EXAMPLE OF A WAREHOUSE BAILMENT True False
A: Warehouse bailment is indeed an example of a storage unit. The warehouse bailment is that place…
Q: Strategic supply chain management focuses on the long term and the big picture. Tactical management…
A: In general, strategic supply chain management focuses on the long-term objectives and the master…
Q: Assuming you are appointed as a Project Manager, explain how you would employ a Gantt Chart to…
A: Gantt chart:- A Gantt chart is an illustration of a bar chart that displays a project schedule. This…
Q: 2. Your firm has implemented just-in-time replenishment. This is an operations decision in the area…
A: Inventory is the raw material that the organization keeps so that a smooth production process can be…
Q: Use the data below to solve for the following: 2. Naïve method 3. Unweighted 3 month moving average…
A: 2. Naïve methodThe naïve method is the simplest forecasting method and just predicts that the value…
Q: 7. Given the following table of conditions, determine which is the appropriate decision with the…
A: Maximax criteria:It is the criterion utilized by a decision maker, to determines the act which makes…
Q: Complete the master productin schedule based on the following information: Week 1 2 3 4 5 6 7 8 9…
A: Find the Given details below: Given details Week 1 2 3 4 5 6 7 8 9 Forecast 320 100 30 110 40…
Q: Use exponential smoothing with trend adjustment to forecast demand for period 11. Let α = 0.5, β=…
A: α = 0.5 β= 0.3 Initial trend value(I) = 12 Initial forecast (Ft) = 200
Q: 20. A small bank is trying to determine the number of tellersto employ. The total cost of employing…
A: Service rate is a rate at which the customers are being served in an organisation by a worker.
Q: Mark Gershon, owner of a musical instrument distributorship, thinks that demand for guitars may be…
A: Using least Square method Marron 5 TV appearancr(X) Demand for Guitars(Y X^2 Y^2 XY 3 4 9 16…
Q: Explain on how Enterprise Systems can be used to improve integration of the supply chain. Use…
A: Supply chain management is a approach that is utilized to integrate suppliers, manufacturers,…
Q: ALTERNA TIVES Fi VL reason. Portfolio U Portfolio V Portfolio W Recessi on $25 $47 $50 .3 Inflatio n…
A: Find the given details below: Given details: Alternatives State of Nature Recession Inflation…
Q: 4. Simple Exponential Smoothing: Use a smoothing parameter, α = 0.3. Month Ft 1 2 3 4 5 678 9 10 No.…
A: Exponential smoothing is a forecasting model which using the actual demand and forecasting f=demand…
Q: Determine each alternative's break-even point in units. At what what volume of output would the two…
A: When the current value of an item equals its acquisition price, such price is known as the breakeven…
Q: ____________ as 8 hundreds is 8 thousands.
A: A mathematical function can be stated as the function or rule that provides a certain value of any…
Q: Define Omni-channel logistics in your own words. Do you think the Omni-channel logistics model is…
A: Logistic:- The term "logistics" describes the total process of controlling the acquisition, storage,…
Q: A Mercedes dealer pays $40,000 for each car purchased (wholesale price). The annual holding cost is…
A:
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- As part of the Department of Labor Statistics, you are assigned the task of evaluating the improvement of small businesses. Data for one of the small businesses are shown below. The data are monthly average of last year and monthly average of this year. Last Year This Year Production (dozens) 1,500 1,500 Labor (hours) 350 325 Capital Investment ($) 15,000 18,000 Energy (BTU) 3000 2700 Labor: $10.00/hr. Capital: 6% per month of Investment Energy: $0.75 per BTU. Determine the labor productivity in labor dollars for last year and this year. Determine the multifactor productivity for last year and this year. Determine the percentage change in productivity for last year versus this year.Q- ABC Company produces 10,000 units per month. The unit is sold in the market for $2. The labor costs the company $5,000 per month. The material to produce the required quantity costs them $1,000. The overhead cost for the company is $3,000. Calculate the multifactor productivity for the company.The owner of a large machine shop has just finished its financial analysis from the prior fiscal year. The following is an excerpt from the final report Net revenue $ 343,000 Cost of goods sold 302,000 Value of production materials on hand 42,500 Value of work-in-progress inventory 69,000 Value of finished goods on hand 28,000 Compute the inventory turnover ratio (ITR). (Round 1 decimal place) Compute the weeks of supply (WS) (Do not round immediate calculation. Round 1 decimal place)
- Determine which factor of production is needed in the following problem. 1.The ABM manufacturing Co.hired a gardener.He uses a lawn mower for landscaping.Which factor of production would you consider this machine? 2.The owner of the company withdrew cash for the salaries of thw employees.which factor of production would you consider cash on hand? 3.The top manager of the firm said "the great ideas,consepts and emotional determination of a person to produce something that consumers want to buy" is very important for the company.What factor of production describes the ability to create great ideas? 4.The farmers planted pineapple cutting in the vacant area located in their locality.Which factor of production would you consider a pineapple plantation?Acme Corp has fixed has fixed overhead of $250,000 for its plant and salaries of $350,000. It sells high quality industrial values for $200 each, which is $40 more than its competitors. Variable productions costs are $140. Last year Acme sold 50,000 units. This year Acme sold 40,000 units. Total industry unit sales this year were 250,000. What is Acme's profit? O $1,800,000 O $1,600,000 O $1,400,000 O $1,200,000 O none of the above1. Nasrin, Rashed and Tahmid run a Chocolate manufacturing company. Their productionruns 30-hour per week and they pay $6 per hour to their labors. Material cost is $3.5 per lbs.Machine productivity is 2.5 times weekly labor cost. Overhead is $300 per week. The weeklyproductivity figures are given below:Weeks Output (Units) Labors Material (lbs)1 1400 8 362 1500 9 343 1250 6 334 1300 7 35 a) Compute multi-factor productivity of machine and material for each of the monthsshown for their Chocolate manufacturing firm.b) Compute multi-factor productivity of Labor and Overhead for each of the months shownfor their Chocolate manufacturing firm.c) Compute total productivity measure for each of the months shown for their Chocolatemanufacturing firm.d) What do the productivity figures suggest? undefined
- Problem Answer ALL questions from this section. Write your answers on the supplied answer sheet. Show sufficient work. If necessary, round intermediate calculations and final answers to three decimal places. J 1. The manager of a crew that installs carpeting has tracked the crew's output over the past several we eks, obtaining these figures: Week 10 20 30 43 50 6 Crew Size تمه 30 45 Yards Installed 96- 72- 92- 50, 699 52- 20 39 2₂ Compute the labor productivity for each of the weeks. On the basis of your calculations, what can you conclude about crew size and productivity?The U.S. Airfilter company has hired you as a supply chain consultant. The company makes air filters for residential heating and air-conditioning systems. These filters are made in a single plant located in Louisville, Kentucky, in the United States. They are distributed to retailers through wholesale centers in 100 locations in the United States, Canada, and Europe. You have collected the following data relating to the value of inventory in the U.S. Airfilter supply chain: QUARTER 4 (ОСТОВER THROUGH QUARTER 3 (JULY THROUGH SEPTEMBER) All amounts in millions of U.S. dollars QUARTER 1 (JANUARY THROUGH MARCH) QUARTER 2 (APRIL THROUGH JUNE) DECEMBER) Sales (total quarter): United states 375 70 15 300 350 60 405 75 Canada 75 Europe 30 33 20 Cost of goods sold (total quarter) 280 295 340 350 Raw materials at the Louisville plant (end-of-quarter) 50 40 55 60 Work-in-process and finished goods at the Louisville plant (end-of-quarter) 100 105 120 150 Distribution center inventory…F Select the best answer for the question. 7. Based on a recent forecast shared by a customer, the demand for product A is likely to increase very quickly. This means that more production will be required. However, the plant is already working at full capacity, so operations decides to outsource the excess production. This is an example that shows OA. the interrelation of operations and marketing. OB. that each functional area should make its own decisions. OC. that operations decisions need to be made before those in marketing. OD. the integration of decisions internally and externally Mark for review (Will be highlighted on the review page) > O A S A INPUT Review My Answers Save & Fit SUM 5 2012-09-19
- 1. The Kintampo Tourist Resort (KTR) is one of Ghana’s best holiday centers and sells a special type of souvenir called Expensive. As you might expect, the demand for Expensive is highly seasonal as tourist centers exhibit a highly seasonal attraction pattern, with peaks during the summer months. The following forecasts are available for Expensive.Inventory carrying cost = GH¢3 per piece per quarter Production per employee = 1000 piece per quarter Regular workforce = 50 workersCost of regular production = GH¢50 per piece Hiring cost per employee = GH¢75Firing cost per employee = GH¢100 The management of KTR does not wish to use Level production nor Chase Demand but wants to adopt one of the following strategies:Strategy I: Produce 71,000 pieces in Quarter 1, Produce 151,000pieces in Quarter 2, Produce 200,000 pieces in Quarter 3,and Produce 30,000 pieces in Quarter 4.Strategy II: Produce 51,000 pieces in Quarter 1, Produce 161,000pieces in Quarter 2, Produce 210,000 pieces in Quarter…Pls do fast and i will give like for sure Solution must be in typed form If next years total sales are forecasted to be 4536 and the cyclical index for the busiest month was 1.77, what would the forecasted demand be for that busiest month? a. 703 b. 7982 c. 669 d. 378Unilever Manufacturing operates year-round. The following data are pulled from thecompany’s most recent semi-annual report.Assets• Raw material inventory $120,000• Work-in-process inventory $50,000• Finished goods inventory $300,000• Property, plant, and equipment $500,000• Other assets $200,000• Total assets $1,150,000Condensed Income Statement• Revenue $2,000,000• Cost of goods sold $600,000• Other expenses $1,000,000• Net income $400,000Calculate the following based on a year duration:(a) Percentage invested in inventory (PIII);(b) Inventory turnover (TURNS); and(c) Weeks of supply (WOS)