Your answer will be the production hours needed to execute your production plan - rounded to the nearest whole hour. (The number of nailers may not be a whole number, which is acceptable in this chapter.)
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- Cost-Volume-Profit Analysis (CVP analysis), also commonly referred to as Break-Even Analysis, is a way for companies to determine how changes in costs (both variable and fixed) and sales volume affect a company’s profit. Required to: Discuss the main components of CVP analysis by providing your own numerical example and constructing a Break-Even Chart.This is a comprehensive case. This covers most of the essential concepts we have covered and other materials you will obtain independently. Volta Apparel Inc. is contemplating constructing a new facility to manufacture ladies' apparel (shirts) at Keta. Mr. Kwaku Kobla is the newly appointed Plant Manager, who will oversee the Keta plant. You have been appointed as the Operations Consultant to advise him and assist him. Volta has another similar facility in Accra. The actual demand for shirts (manufactured in the Accra plant for the last 4 years) is presented below: Season and Year Actual Demand Quarter1 and 2005 482 Quarter2 and 2005 213 Quarter 3 and 2005 116 Quarter 4 and 2005 335 Quarter 1 and 2006 499 Quarter 2 and 2006 225 Quarter 3 and 2006 122 Quarter 4 and 2006 344 Quarter 1 and 2007 503 Quarter 2 and 2007/237 Quarter 3 and 2007 127 Quarter 4 and 2007 349 Quarter 1 and 2008 518 Quarter 2 and 2008 244 Quarter 3 and 2008 133 Quarter 4 and 2008 353 A. Based on the information…You work for the Brad's Nailer Company which manufactures two types of nailers: a pneumatic model and a cordless model. You have contracted to supply a national retail chain with both pneumatic nailers and cordless nailers. However, Brad's nailer production capability is limited in three departments: production, testing, and packaging. Your answer will be the production costs needed to execute your production plan - rounded to the nearest whole dollar. (The number of nailers may not be a whole number, which is acceptable in this chapter.) Use Scenario 3 Scenario 1 Scenario 2 Scenario 3 Pneum. Cost 38.50 Pneum. Prod Hrs 0.25 Pneum. Test Hrs 0.4 Pneum. Pkg Hrs 0.1 Pneum. Sales 18,000 Cordless Cost 44 Cordless Prod Hrs 0.4 Cordless Test Hrs 0.4 Cordless Pkg Hrs 0.2 Cordless Sales 14,000 Prod Hrs max 14,000 Testing Hrs max 15,000 Pkg Hrs max 4,800 42 0.3 0.3 0.1 21,000 67 0.3 0.4 0.1 15,000 11.000 15,000 4,800 55.50 0.4 0.3 0.1 24,500 69.75 0.3 0.5 0.1 12,000 14,000 15,000 4,800
- Inventory Management You are the store manager at a local branch of DigiLife, a large electronics retail chain. A new version of a popular consumer electronics device called the Amulet is coming out this year. It is your job to sell as many Amulets as you can while minimizing your costs in order to maximize your store's profits. Your Goal Earn $1,000,000 in net profits of Amulet sales.A. You are thinking about opening an oil change shop. Your fixed costs will be $13,000 per month. You will charge customers $28 for a lube-oil filter. The cost of materials is in addition to your fixed costs and is estimated at $8 per customer. How many customers must you have each month in order to break even? Hint: "Break Even" means revenues equal expenses, so we could say "fixed costs+variable costs=revenues" B. If your shop is open an average of 25 days each month., how many customers do you need each day to break even? Answer for a: 650 customers Answer for b: 26 customers per day please help me set up the equation needed to solve and get the correct answer.A package holiday company is about to block book hotel rooms for the coming season. The number of holidays actually booked is equally likely to be any number between 0 and 99 (for simplicity rather than reality). Each room booked costs the company $250 and they can sell them for $350. a) How many rooms should the company book if unsold rooms have no value? b) How many rooms should it book if unsold rooms can be sold as last-minute bookings for $100 each?
- Neverland Company, a retailer, plans to sell 15,000 units of Product X during the month of August. If the company has 2,500 units on hand at the start of the month, and plans to have 2,000 units on hand at the end of the month, how many units of Product X must be purchased from the supplier during the month? * 17,000 15,000 14,500 15,500You are selling a new line of T-shirts on the boardwalk. The selling price will be $25 per shirt. The labor cost is $5 per shirt. The administrative costs of operating the company are estimated to be $60,000 annually, and the sales and marketing expenses are $20,000 a year. Additionally, the cost of materials will be $10 per shirt. What is the break-even quantity? Multiple Choice 2,000 shirts 3,200 shirts 5,334 shirts 8,000 shirts 16,000 shirtsa manufacturer of video cames sells each copy for $21.83. The manufacturing cost of each copy is $14.56. Monthly fixed costs are $8500. During the first month of sales of a new game, how many copies must be sold in order for the manufacturer to break even (that is, in order for the total revenue to equal the total cost)?
- I need assistance with Chapter 15 Problem 7. I keep getting an it incorrecrt despite calculating the sum and dividing everything by the quanitity. Thank youA company wants to develop a level production plan for a family of products. Theopening inventory is 500 units, and a decrease to 250 units is expected by the end ofthe plan. The demand for each of the months is given in what follows. How muchshould the company produce each month? What will be the ending inventory in eachmonth? Do you see any problems with the plan?Your Corporation manufactures four products that use the same raw material and production machine. Your Company is experiencing a shortage of pounds of the raw material. Information related to the four products are shown below. Products A B C D Selling price $40 $32 $35 $65 Variable cots $34 $22 $27 50 Machine hours per unit 6 8 5 7 Pounds per unit 18 20 28 38 To maximize profit next month, in what order would it be best to schedule production (first to last)? a. A, B, C, D b. A, D, B, C c. B, D, A, C d. D, A, C, B