(a) Formulate this problem in terms of determining the sales-maximising combination of the two products on a weekly basis. (b) Solve the problem graphically. (c) Confirm the solution using simultaneous equations.
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- 14. Digital Controls, Inc. (DCI) manufactures two models of a radar gun used by police to mon- itor the speed of automobiles. Model A has an accuracy of plus or minus 1 mile per hour, whereas the smaller model B has an accuracy of plus or minus 3 miles per hour. For the next week, the company has orders for 100 units of model A and 150 units of model B. Although DCI purchases all the electronic components used in both models, the plastic cases for both models are manufactured at a DCI plant in Newark, New Jersey. Each model A case re- quires 4 minutes of injection-molding time and 6 minutes of assembly time. Each model B case requires 3 minutes of injection-molding time and 8 minutes of assembly time. For next week the Newark plant has 600 minutes of injection-molding time available and 1080 min- utes of assembly time available. The manufacturing cost is $10 per case for model A and $6 per case for model B. Depending upon demand and the time available at the Newark plant, DCI…5. Meg Jones, the CEO of Ajax Computer Company, and Brad Smith, its Director of Operations, had been discussing how to increase the firm’s production of the company’s flagship XR58. The XR58 was particularly important because it sold 12,500 of them in the most recent year for $950, at a gross margin of 55%. After a lot of discussion, they decided to pursue an incentive system designed to increase production by 12% in the next year. After Brad discussed this possible incentive with the production team, the team determined that it could increase production by this amount without adding any more people or equipment. They believed they could accomplish this improvement primarily through process redesign. To incent them to do the hard work of process improvement, Brad told the team that it would receive 25% of the increased profits if it met the new production goal. For this team of 20 people, this would mean an additional compensation of _________ for each team member, on average, for…B& Co. is a large manufacturer if an electronic product (NM65). It is the market leader in the particular product segment. The market size is increasing due to increasing popularity of its product. B& Co. has received an offer from a manufacturer of electronic products to produce NM 65 on half of B& Co. and directly supply to the customers of the Northern region. The billing on the customer will done by B& Co. The offer is economically attractive. Required: Write a note on what qualitative factors should be considered before deciding in favour or against accepting the offer.
- When performing sales mix analysis , which one of the following is false : a. Producing and selling more units of the product with a higher contribution margin would likely decrease the breakeven point b. Making changes to the sales mix will likely cause a change in the breakeven point c. The sales mix is usually assumed to be remain the same . d. Shifting the sales mix to the product with a lower contribution margin will likely ncrease the overall contribution margin e. Normally the calculation of the breakeven point for multiproduct is more complicated than that for a single product17-36 Weighted-average method. Larsen Company manufactures car seats in its San Antonio plant. Each car seat passes through the assembly department and the testing department. This problem focuses on the assembly department. The process-costing system at Larsen Company has a single direct-cost cat- egory (direct materials) and a single indirect-cost category (conversion costs). Direct materials are added at the beginning of the process. Conversion costs are added evenly during the process. When the assembly department finishes work on each car seat, it is immediately transferred to testing. Larsen Company uses the weighted-average method of process costing. Data for the assembly depart- ment for October 2017 are as follows: Physical Units (Car Seats) Direct Conversion Materials $1,250,000 Costs $ 402,750 Work in process, October 1 Started during October 2017 Completed during October 2017 Work in process, October 31b Total costs added during October 2017 5,000 20,000 22,500 2,500…Tica (Pty) Limited manufactures and sells combined fax and telephone answering machines. In order to tender for a specific contract, the technical team of the company has developed a new model called FINO. To date, two units of FINO have been manufactured and are being used as demonstration models. The following information is available: Direct labour hours taken to manufacture the first two units: Hours First unit 60 Second unit 48 The following average direct variable costs relate to the manufacture of the first two units of FINO: R/unit Material 620 Labour 440Variable overheads 324 1384 · Since the first two units were manufactured, material costs have increased by 10% and labour costs by 5%. · Variable overheads – variable per…
- a.) in table 1, the transportation cost is?b.) in the evaluation of occupied cells in table 1, the value of W2 is?c.) in yhe evaluation of vacant/unoccupied cells in table 1, the highest negative index is?d.) in table 2, the tiles manufactured by PlantB will be supplied to distributor?e.) the transportation cost in table 2 is?f.) in the evaluation of occupied cells in table 2, the value of V2 is?g.) in the evaluation of occupied cells in table 2, the value of W3 is?h.) in the evaluation of unoccupied/vacant cells in table 2, the highest negative index is?i.) the optimal solution is found in table? **Note: find for the tables**Justin is a carpenter and makes furniture which he sells via the internet. He needs a new machine with steel attachments to speed up the drilling process for his work. He contacts Fixing and Building Machines Ltd who recommends a machine which they claim is more than 10 times quicker and stronger than his old machine. Justin goes into Fixing and Building Machines Ltd. Before paying for the machine, he sees a sign on the wall behind the counter that has the words “Important Information: READ BEFORE PURCHASE! Fixing and Building Machines Ltd accepts no liability.....” in bold, red print at the top. However, the sign is falling down from the wall and the rest of the words are obscured by a large plant. Had Justin been able to read the rest of the sign, he would have read “....for loss howsoever caused.” Justin signs a document, buys this machine and takes it with him. When he tried it he found it to be no quicker than his old one and the attachments broke. He also found that it started…The sales department clerk receives a customer orders from the customers and prepares a three-part sales order. The three copies are sent to the credit department for approval, where the clerk reviews the Customer Credit Records. After approval, the credit department clerk returns one copy of the sales order to the Sales Department, where it is reviewed and filed. The remaining two copies are sent to the warehouse. The Warehouse clerk picks the goods from the shelves and sends them along with one copy of the sales order to the shipping department. The third copy of the sales order is filed in the warehouse. Upon receipt if the goods, the shipping clerk prepares a shipping notice and sends the goods and one copy of the sales order to the customer. The clerk then sends the shipping notice to the Billing Department. Upon receipt of the shipping notice the billing clerk updates the customer’s account receivable and files the shipping notice in the department. Required Prepare a system…
- a.) in table 1, the transportation cost is? b.) in the evaluation of occupied cells in table 1, the value of W2 is? c.) in yhe evaluation of vacant/unoccupied cells in table 1, the highest negative index is? d.) in table 2, the tiles manufactured by PlantB will be supplied to distributor? e.) the transportation cost in table 2 is? f.) in the evaluation of occupied cells in table 2, the value of V2 is? g.) in the evaluation of occupied cells in table 2, the value of W3 is? h.) in the evaluation of unoccupied/vacant cells in table 2, the highest negative index is? i.) the optimal solution is found in table? **Note: find for the tables**Suppose you are senior production manager of a company which produces beverage (carbonated soft drinks) of all flavors. The company is operating since 10 years. You and your production team follow all of the SOP’s (Standard operating procedures) while producing the beverage. You have noticed that while producing the beverage for the 1st quarter of 2021 the artificial color added to beverage is little intensive as compare to previous productions. Artificial color used in limited proportion doesn’t not harm the health of consumers but this time it is accidentally little intensive which can have some side effects. Q1) As a senior production manager what managerial actions you should take to control the situation? Q2) What do you think can be the consequences if correct managerial action is not taken on time?Digital Controls, Inc. (DCI), manufactures two models of a radar gun used by police to monitor the speed of automobiles. Model A has an accuracy of plus or minus 1 mile per hour, whereas the smaller model B has an accuracy of plus or minus miles per hour. For the next week, the company has orders for 100 units of model A and 150 units of model B. Although DCI purchases all the electronic components used in both models, the plastic cases for both models are manufactured at a DCI plant in Newark, New Jersey. Each model A case requires 4 minutes of injection-molding time and 6 minutes of assembly time. Each model B case requires 3 minutes of injection-molding time and 8 minutes of assembly time. For next week, the Newark plant has 600 minutes of injection-molding time available and 1,080 minutes of assembly time available. The manufacturing cost is $10 per case for model A and $6 per case for model B. Depending upon demand and the time available at the Newark plant, DCI occasionally…