Problem 4. TT Racing and Performance Motor Corporation wishes to evaluate two alternative CNC machines for NHRA engine building. Use the AW method at 10% per year to select the better alternative. In-house Contract -250,000 -370,500 First cost, $ Annual operating cost, $ per year Salvage value, $ Life, years -40,000 20,000 3 -50,000 30,000 5
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- Practice problem 3. Product Mix Decision o U-Develop makes metal and wood picture frames o The metal frames take 30 minutes of machine time/unit o The wood frames take 60 minutes of machine time/unit U-Develop Frame Department Price/unit Variable costs/unit: Direct materials Direct labor Variable MOH Contribution Margin Fixed costs: Fixed MOH Selling & admin. Total fixed costs Metal Frames $8 A 00 00 8 $50 20 $30 Wood Frames I $22 24 4 o Strategy if machine-hours (MH) are unlimited: ▪ How many metal frames? ▪ How many wood frames? Reason: o Strategy if machine-hours (MH) are limited: How many metal frames? ▪ How many wood frames? . Reason: $80 50 $30 $3,000 1,500 $4,500Problem 1 Dr. Song will go to McDonald's for dinner tonight. After studying operations research, he feels that he should at least be "smart" enough to figure out the way he eats it. Let's build a model to determine what to eat at McDonald's. QP AD BM FF MC FR SM 1M OJ Required Cost 3.79 4.49 3.99 3.79 1.29 1.79 1.19 1.00 1.89 Prot 28 24 25 14 31 3 15 1 55 VitA 15 15 6 8 4 10 2 100 VitC 10 2 15 15 4 120 100 Calc 30 20 25 15 15 20 30 2 100 Iron 20 20 20 10 8 15 100 Cals 510 370 500 370 400 220 345 110 80 2000 Carb 34 33 42 38 42 26 27 12 20 350 The tables gives the menu (Quarter Pounder, Angus Deluxe, etc.) along with their unit cost (in $) and amount of nutrients contained (Protain, Vitamin A, etc.) The last column of the table gives the daily required amount of nutrients suggested by Dr. Song's doctor. Suppose Dr. Song aims to minimize the cost of his dinner, while he wants to satisfy all the nutrient requirements. Formulate this problem as a linear programming model, and solve it in…Merrimac Manufacturing Company has always purchased acertain component part from a supplier on the East Coast for$50 per part. The supplier is reliable and has maintained thesame price structure for years. Recently, improvements in operations and reduced product demand have cleared up somecapacity in Merrimac’s own plant for producing componentparts. The particular part in question could be produced at$40 per part, with an annual fixed investment of $25,000.Currently, Merrimac needs 300 of these parts per year.a. Should Merrimac make or buy the component part?b. As another alternative, a new supplier located nearby isoffering volume discounts for new customers of $50per part for the first 100 parts ordered and $45 per partfor each additional unit ordered. Should Merrimacmake the component in-house, buy it from the newsupplier, or stick with the old supplier?c. Would your decision change if Merrimac’s annual demand increased to 2000 parts? increased to 5000 parts?d. Develop a set of…
- 4. What is FIFO method? 5. what is Average cost method?Suggestions for TWO 2 revenue models for a magazine publisher's website. 4mSHARE OF REQUIREMENTS. Kinetic Canes has customer and sales data from the Canadian market. The data provide information on customers who bought a cane from Kinetic at least once and on customers who bought ANY brand in the marketplace (including Kinetic) at least once. So the last column includes ALL buyers of ANY brand. The data show: Buyers who bought from Kinetic Buyers who bought ANY brand at least once at least once Spent on canes from KINETIC $26.7 million $26.7 million Spent on OTHER brand canes (NOT Kinetic) $49.8 million $151.2 million Number of buyers 0.9 million 8.0 million What was Kinetic's SHARE OF REQUIREMENTS in the Canadian market during this period? Report your answer as a percent. (Rounding: tenth of a percent.)
- 2. Discover ambiguities or omissions in the following statement of requirements for part ofa ticket-issuing system:An automated ticket-issuing system sells rail tickets. Users select their destination andinput a credit card and a personal identification number. The rail ticket is issued and themcredit card account charged. When the user presses the start button, a menu display ofpotential destinations are activated, along with a message to the user to select a destination.Once a destination has been selected, users are requested to input their credit card. Itsvalidity is checked and the user is then requested to input a personal identifier. When thecredit transaction has been validated; the ticket is issued.2. Calculate the hourly ownership and operating cost of a wheel-type scraper that has the following characteristics: • Total initial cost = $550,000 (including tires) • Useful life of the scraper=10 years • Salvage value of the scraper = $0 • Hours scraper used/year = 2,000 hours • Cost of tires = $20,000 • Useful life of tires 4,000 hours • Annual tire repair cost = 15% of tire depreciation (assume straight line depreciation) • Annual interest, insurance, and tax costs 12% of !! Average Annual Value • Annual cost for fuel, oil, grease and other oils = 4% of Average Annual Value • Operating Conditions Average Ownership Cost Depreciation cost using the current approach (MACRS) (calculate S/hour for each year) Interest, insurance, and tax (IIT cost) Operating Cost S/hour S/hour Cost of tires Tire repair cost Fuel, oil, grease (FOG), and other oils Scraper repair costQno1 How can customer service/after-sales service help the successful execution of product/service?
- 12. please i need the external analysis for the PASTEL ( see below) -PESTEL analysis for Sony Corporation GroupQ4.1: Also explain the Rights, Duties, Obligations, Theory of Value, and the Conflicting Principles and Priorities? In professional practices29 00:24 1 令.l 50 B/s Question no. 02: A Leading manufacturer of Action Figures is about to introduce four new Action Figures. The accompanying table summarizes price and cost data, combined fixed costs equal $650,000. A marketing research study predicts that for each unit sold of Noyan, 2 units of Dogan, 3 units of Bamsi and 4 units of Turgut will be sold. Action Figures Turgut Bamsi Dogan Novan Selling Price (in dollars) 35 26 24 16 Variable Cost/unit (in dollars) 17 12 12 11 Table 1 a) How many product mix units must be sold to break even? b) How does it translate into sales of individual games?