The Peace Department of Shalom Company uses 5,000 kilograms per month in its production of Peace products. It presently buys all the kilograms of materials it needs from outside supplier at a cost of P100. The Piss Division of Shalom Company manufactures the exact type of material that the Peace Department requires. The Piss Division is operating at its capacity of 15,000 units per month and sells all its output to a local manufacturer at P108 per unit. The following cost data are available for its 15,000 units: Variable production costs All fixed costs 70 10 If Piss Division sells 12,000 units to the local manufacturer, will it accept Peace's offer at P75? Yes or no? Use the underlined words as your choice. Input answers in capital letters.
Q: Finch airlines is a small airline that occasionally carries overload shipments for the overnight…
A: Given- Purchase cost = $5,060,000Useful life = 25,300,000 miles
Q: In 4 paragraphs discuss the uses of Statistical Process Control tools and process capability…
A: Statistical Process Control (SPC) tools are a set of statistical techniques used to monitor and…
Q: 1. What is an ERP system? Why is it critical for large enterprises? . Can an ERP be…
A: An ERP system (Enterprise Resource Planning) is a software arrangement that coordinates and…
Q: n the services segmentation matrix, if you have to plot B-School & bank services against the degree…
A: The higher degree of labor intensity: Here, both the labor costs and efforts would be high as…
Q: Given is a decision payoff table. Alternatives Small Facility Medium Facility Large Facility Low 26…
A: Given-
Q: 1. A feasible solution to an lp problem a) Must satisfy all of the problems constraints…
A: NOTE: We are allowed to do one question at a time. The optimal solution of a linear programming (LP)…
Q: Develop a CPM diagram for the activities/relationships listed below (assume durations are in…
A: A network diagram is a graphical representation of project which helps to identify the activity…
Q: Why is Enterprise Resource Planning (ERP) so important to the IT infrastructures of major…
A: Since it offers a unified system for monitoring and integrating corporate activities across several…
Q: Discuss the importance of automation in inventory management in cross border perspective?
A: Introduction:In today's globalized economy, world has become a single marketplace. With advent of…
Q: Make a distinction between functional organizations, matrix organizations, and project-based…
A: Functional organizations,matrix organizations and project based organizations are three different…
Q: Why is it important to conduct transportation project evaluation using life-cycle cost analysis…
A: The feasibility and efficacy of transportation projects in addressing the demands of stakeholders,…
Q: WEBSITE DESIGN During discussion both you and Rissa have determined that the following activities…
A: First, we determine the critical path to calculate the crashing cost: Formulas:- Outcome:- The…
Q: What exactly is meant by the term "critical route" when referring to the management of projects?
A: The process of arranging, planning, and supervising the accomplishment of a particular project's…
Q: Creating a strategy for providing service.
A: A customer service strategy is a set of goals, processes, and procedures for providing the quality…
Q: How should one go about following the ABC system's suggested order of operations
A: In operation, the Activity-Based Control (ABC) framework includes identifying movements of every…
Q: ntermediaries normally achieve ________ in making goods widely available and accessible to target…
A: Intermediaries, as wholesalers, retailers, distributors, play crucial role in making goods widely…
Q: Why is it so important to have a competent team in place to adopt ERP software
A: The central repository of a company's operations and information is what ERP software is meant to…
Q: Design a Gantt chart using the following data.
A: A Gantt chart is a project management tool used to visualize the start and end dates of tasks in a…
Q: Can "competence" be defined in terms of quality management?
A: Organizations must define the competence standards for each job or task, evaluate employee…
Q: How would the negotiation of the distribution contract with Riscola benefit a company like Riham?…
A: Negotiation is the process of discussing and reaching an agreement between two or more parties who…
Q: Consumer products can bConsumer products can be classified into 4 main categories. List, define and…
A: Consumer products can be defined as the final item or end goods that are purchased for personal…
Q: Explain the Risks of the Joint Venture Entry Mode 1. Conflict of Interest 2. Lack of Control
A: Joint venture entry mode is popular strategy for companies looking to enter foreign markets.…
Q: A company that manufactures cars would use about 50,000 steering wheels per year. Such steering…
A: EOQ is abbreviated as Economic Order Quantity. The ideal order quantity for a corporation is the one…
Q: Complete the chase production plan, using the following information. The only costs you need to…
A: Given- Hiring Cost= $4,000 per workerFiring Cost = $3,000 per workerInventory Holding Cost = $9 per…
Q: 1. In a wedding dress boutique, on average, 5 customers arrive per hour, with each customer trying…
A: Given that, If 5 customers arrive per hour and each customer tries on dresses for 2 hours.
Q: SOLVE THE FOLLOWING ASSIGNMENT PROBLEM: There are 7 work teams, the same ones that must carry out 6…
A: Ans) There are 7 workers but 6 jobs so we will introduce dummy job in order to make a balanced…
Q: You are responsible for receiving, maintaining, and supporting the beneficiary for the duration of…
A: For getting, maintaining, and supporting a beneficiary during their temporary stay in the US, it is…
Q: Bay Oil produces two types of fuels (regular and super) by mixing three ingredients. The major…
A: Decision Variables: Suppose-R1, R2, R3 be the barrels of ingredients 1,2,3 respectively to be mixed…
Q: Blair & Rosen, Inc. (B&R), is a brokerage firm that specializes in investment portfolios designed to…
A: Decision Variables: Suppose-N = Internet fund investment in thousandsB = Blue chip fund investment…
Q: Using the following table, calculate the slack for Task H
A: In the context of the Critical Path Method (CPM), "slack" refers to the amount of time that an…
Q: What is the Cumulative Forecast Error (CFE) in this period? O CFE = 80 O CFE = 20 O CFE-40 O CFE =…
A: Forecasting is one of the techniques to know some future figures on the basis of past data. This…
Q: What are the benefits of using a phased approach?
A: With a phased approach, fresh or upgraded software development projects are gradually rolled out to…
Q: 3.1.The Great North Woods Clothing Company sells specialty outdoor clothing through its catalog. A…
A: Formulae used: P = np (Number of samples × Sample size) Sp = (p bar × (1 - p bar)Sample size UCL=P…
Q: A. What is the recommended decision alternative based on the Maximin decision rule? Enter either A1,…
A: NOTE: We are allowed to do the first three sub-parts only. MAXIMIN and EMV are two decision-making…
Q: Using the following table, calculate the Late Start for Task G Task A B с D EFGI H Predecessor A B…
A: To find: The late start for task G. Given: The table of task, predecessor and duration. Concept…
Q: Case study: Zappos, based in Las Vegas, is an online retailer with the initial goal of trying to…
A: Zappos, headquartered in Las Vegas, is an online store that set out to become the greatest place to…
Q: What do you see the technological landscape of the future of transportation to look like?
A: Transportation technology is constantly evolving to meet the needs of a changing world. As the…
Q: why would any firm whether global or otherwise seek to collaborate with another firm be it local or…
A: There are several reasons why firm, whether global or otherwise, may seek to collaborate with…
Q: L.P. Model: Minimize Subject to: Z=24X+15Y 7X+11Y 288 16X+4Y264 X,Y 20 (C₁) (C₂) On the graph on…
A: Given LP- Minimize Z = 24X + 15YSubject to-7X + 11Y≥ 8816X + 4Y≥ 64X, Y≥0
Q: Describe the differences between planning for the short, the medium, and the long term scheduling.
A: The key differences between short-term, medium-term, and long-term scheduling relate to the time…
Q: Which of the following is NOT part of a strategic plan? Actions Timescales Impact…
A: Strategic planning is the process of developing a long-term plan of action for an organization to…
Q: Question 2: Alabama Airlines provides commuter service. As a product of airline deregulation,…
A: Chart: P chart is suitable for identifying the quality control of the process. P chart helps to…
Q: Explain IT project management tools and technologies.
A: IT project management tools and technologies are essential for project managers for making plan,…
Q: In queueing theory, λ represents the mean arrival rate; for example, the number of people arriving…
A: A queueing model is a mathematical framework used to analyze and understand how entities (such as…
Q: Problem 1: For the network given below, (a) Draw the bar chart, resource histogram, and cumulative…
A: Find the network diagram below: Calculation methods: Early Start -- For the first activity Early…
Q: What are the benefits of using a phased approach?
A: The design, planning, control, and improvement of the processes utilized in producing goods and…
Q: What is a pareto chart and how is it used in the Measure Phase?
A: A Pareto chart is a graphical data representation that aids in pinpointing the main causes of a…
Q: How could you determine the relationship between a table of Consultants and a table of Projects at a…
A: Project management is planning and organizing the resources that are used to complete the required…
Q: Consumer-oriented tablets are radically altering how organizations store, retrieve, and use…
A: Data visualizations are essential for effective performance management as they enable quick and easy…
Q: Is it possible to describe and explain the operational environment in only 300 words?
A: An operational environment refers to the external factors and conditions that impact the operations…
Step by step
Solved in 2 steps
- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand will grow at 5% a year. If the company builds a plant that can produce x units of Wozac per year, it will cost 16x. Each unit of Wozac is sold for 3. Each unit of Wozac produced incurs a variable production cost of 0.20. It costs 0.40 per year to operate a unit of capacity. Determine how large a Wozac plant the company should build to maximize its expected profit over the next 10 years.The Tinkan Company produces one-pound cans for the Canadian salmon industry. Each year the salmon spawn during a 24-hour period and must be canned immediately. Tinkan has the following agreement with the salmon industry. The company can deliver as many cans as it chooses. Then the salmon are caught. For each can by which Tinkan falls short of the salmon industrys needs, the company pays the industry a 2 penalty. Cans cost Tinkan 1 to produce and are sold by Tinkan for 2 per can. If any cans are left over, they are returned to Tinkan and the company reimburses the industry 2 for each extra can. These extra cans are put in storage for next year. Each year a can is held in storage, a carrying cost equal to 20% of the cans production cost is incurred. It is well known that the number of salmon harvested during a year is strongly related to the number of salmon harvested the previous year. In fact, using past data, Tinkan estimates that the harvest size in year t, Ht (measured in the number of cans required), is related to the harvest size in the previous year, Ht1, by the equation Ht = Ht1et where et is normally distributed with mean 1.02 and standard deviation 0.10. Tinkan plans to use the following production strategy. For some value of x, it produces enough cans at the beginning of year t to bring its inventory up to x+Ht, where Ht is the predicted harvest size in year t. Then it delivers these cans to the salmon industry. For example, if it uses x = 100,000, the predicted harvest size is 500,000 cans, and 80,000 cans are already in inventory, then Tinkan produces and delivers 520,000 cans. Given that the harvest size for the previous year was 550,000 cans, use simulation to help Tinkan develop a production strategy that maximizes its expected profit over the next 20 years. Assume that the company begins year 1 with an initial inventory of 300,000 cans.
- Green Gardens' owner has asked your advice about a possible problem at his business. Over the last 6 months the large-sized lawn and garden inventory (ie, tables, chairs, planters, etc.) has appeared to be short. The inventory records that employees use to determine what is on hand show that more inventory is available than can actually be located. This has cause frustration and mis-trust in the inventory records for the sales employees. The owner realizes that the problem is bigger than just frustrated employees. He is afraid that inventory is being stolen, a problem he didn't think possible given that these are large items that are not easily moved. Requirements: Provide the owner with two internal controls that he could implement to reduce the likelihood of theft of the lawn and garden inventory.Cryolab Inc makes and sells a lawn fertilizer called Hypergro. The company has developed standard costs for one bag of Hypergro as follows: Standard Quantity/Hours Standard Price/Rate Standard Cost per Bag Direct Material 25 pounds ₱ 0.75 ₱18.75 Direct Labor 0.25 hours ₱69.00 ₱17.30 Variable overhead 0.25 hours ₱24.00 ₱ 6.00 Total ₱42.05 The company had no beginning inventories of any kind on January 1. Variable overhead is applied to production on the basis of standard direct labor hours. During January, the following activity was recorded by the company: Production of Fastgro: 23,000 bags Direct materials purchased: 585,000 pounds at a cost of ₱436,250 Direct labor worked: 5,800 hours at a cost of ₱397,300 Variable overhead incurred: ₱140,650 Inventory of direct materials on January 31: 8,000 pounds Compute the variances and indicate whether it is FAVORABLE (F) or UNFAVORABLE (U) in your solution sheet. The raw…Demand for stereo headphones and music players for joggers has caused Nina Industries to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nina expects demand for headsets to also expand, because, as yet, no safety laws have been passed to prevent joggers from wearing them. Demand for the players for this year was as follows: MONTH DEMAND (UNITS) January 4,150 February 4,250 March 3,950 April 4,350 May 4,950 June 4,650 July 5,250 August 4,850 September 5,350 October 5,650 November 6,250 December 5,950 a. Using linear regression analysis, what would you estimate demand to be for each month next year? Using a spreadsheet, follow the general format in Exhibit 3.8. (Do not round intermediate calculations. Round your answers to 2 decimal places.) b. To be reasonably confident of meeting demand, Nina decides to use 3 standard errors of estimate for safety. How many additional units should be held to meet this…
- A company manufacture and sells direct to consumers 10000 jars per month at Rs 1.25 per ja The company's normal production capacity is 20000 jars per month. An analysis of cost for 10000 jars shows :- Rs 1000 Direct Materials 2475 Direct Labour 140 Power 1030 Jars & Misc supplies 7955 Fixed Expenses 12600 The company has received an offer for export of 10000 jars per month at Rs. 0.75 a jar Write a short note on the advisability or otherwise of accepting the offer. uith dotoile ae nossibleYour head of division has asked you to evaluate the alternatives for producing newly designed jig on milling machine. He gives you the following facts: An old milling machine valued at RM 150,000 exists in the warehouse that can be modified for the new jig. The production line supervisor has given an estimate of RM 25,000 to modify this machine. It is hoped that the milling machine will be able to meet production requirements at full capacity. Another vendor, CARE Sdn Bhd, has produced the machine five years ago and can easily do the same modifications for RM45,000. The cooling system used for this machine is not environmentally safe and would require some disposal costs. CARE Sdn Bhd has offered to build a new milling machine to be more environmental friendly and a higher capacity for a price RM250,00. For this scenario: (a) Define the problem statement. (b) Explain ONE (1) key assumption. (c) Explain THREE (3) alternatives available.The following information was extracted from the books of Babel Company for the production of rubber products for the year 2020: The number of units sold of product (A) amounted to 60 units The selling price of one unit of product (A) is 100,000 dinars The variable cost of producing one unit of product (A) is 35,000 dinars The fixed cost of the product line (A) is 1,000,000 dinars annually, find the following: break-even point (quantities), break-even point (values), contribution margin per unit of product (A), percentage of safety limit, operating income
- Spark Ltd has two divisions, assembly and electrical. The assembly division transfers partially completed components to the electrical division at a predetermined transfer price. The assembly division's standard variable production cost per unit is $550. This division has spare capacity, and it could sell all its components to outside buyers at $680 per unit in a perfectly competitive market. Required: a) Determine a transfer price using the general rule b) How would the transfer price change if the assembly division had no spare capacity? c) What transfer price would you recommend if there was no outside market for the transferred component and the assembly division had spare capacity? d) Explain how negotiation between the supplying and buying units may be used to set transfer prices. How does this relate to the general transfer pricing rule?Chris Sandvig Irigation, Inc., has summarized the price list from four potential suppliers of an underground control valve. See the table below. Annual usage is 700 valves; order cost is $7 per order, and annual inventory holding costs are $2.15 per unit. Vendor A Quantity 1-14 Vendor B Price $34.75 Vendor C Price $34.50 Vendor D Price $34.25 33.00 31.00 Quantity Quantity 1-149 Price Quantity $35.00 1-24 1-49 50-149 150-299 15-24 34.75 25-99 100-199 34.00 33.75 32.50 150-299 25-99 100-199 200-399 33.55 32.35 32.80 300+ 31.60 30.50 200-399 300+ 31.10 31.15 400+ 400+ 30.75 Which vendor should be selected and what order quantity is best if Sandvig Irrigation wants to minimize total cost? Chris Sandvig Irigation should order units at a time from Vendor B(enter your response as a whole number).As a logistics specialist, you are responsible for meeting customer demand. One of your customers places orders for you to supply four products by the end of October. You have limited capacity for raw material and other facilities. You are required to satisfy customer demand by manufacturing the products and/or buying from a supplier. After consulting with the production department, you obtained the following information. Product A Product B Product C Product D Order quantity 2000 3500 1500 2500 Hours required on machine X per unit 2 4 5 3 Hours required on machine Y per unit 4 3 6 2 Raw material in kilos 5 1 4 6 Time needed for Packaging per unit 36 minutes 30 minutes 45 minutes 24 minutes Available monthly hours per month: 8,000 on machine X, 6000 on machine Y, and 3,000 hours for packaging. Purchased items from your supplier are already packaged. Available raw material per month: 5,000 kilos…