please answer within30 minutes. 10:27器3令.0expert.chegg.com/expertqna[2= CheggTime remaining: 00:09:52Operations ManagementWill upvote instantly, thank you!Problem 8-1 (Algo)A newty formed firm must decide on a plant location. There are two alternatives under consideration: locate near the major rawmaterials or locate near the major customers. Locating near the rew materials will result in lower fixed and variable costs compared tolocating near the markket, but the owners beleve there would be a loss in sales volume because customers tend to favor localsuppliers. Revenue per unit wil be $190 in either case.Annual fixed costs (s millions ana Kansas CityVariable cost per unitExpected annual desand (units)Onaha18,40011,000Click here for the Excel Data FileUsing the above information, determine which location would produce the greater profit.- suld produce the greater gross profit ofKansas CityOmahaAnswerSkipExit

Location decision is the decision that the company need to make from different alternatives and…

Problem 8-1 (Algo) A newly formed fim must decide on a plant location. There are two alternatives under consideration: locate near the major raw materiels or locate near the major customers. Locating near the raw materials will result in lower fixed and veriable costs compared to locating near the market, but the owners beleve there would be a loss in sales volume because customers tend to favor local suppliers. Revenue per unit will be $190 in either case. Annual fixed costs (s millionsl 55 Variable cost per unit Expected annual desand (units) Onaha Kansas City !1.0 10, 400 11,000 Click here for the Excel Deta File Using the above information, determine which location would produce the greater profit. uld produce the greater gross proft of Kansas City Omaha

Problem 8-1 (Algo) A newly formed fim must decide on a plant location. There are two alternatives under consideration: locate near the major raw materiels or locate near the major customers. Locating near the raw materials will result in lower fixed and veriable costs compared to locating near the market, but the owners beleve there would be a loss in sales volume because customers tend to favor local suppliers. Revenue per unit will be $190 in either case. Annual fixed costs (s millionsl 55 Variable cost per unit Expected annual desand (units) Onaha Kansas City !1.0 10, 400 11,000 Click here for the Excel Deta File Using the above information, determine which location would produce the greater profit. uld produce the greater gross proft of Kansas City Omaha

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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