-most of the activities can be grouped into 4 business functions Direct Labor Rate and Efficiency Variances The Woods Enterprises prepared the following standard costs for the production of one stuffed bear: Actual production costs for the production of 1,000 stuff, Volume-based rates produce inaccurate product cost when: a) A large share of factory overhead costs is volume-based. b. demand is higher than the minimum efficient scale. Its effective capacity, however, is 64 repairs per day, and its actual output is 62 repairs per day. Process A uses one person to set up the job and do the copying. Current sales are $640,000. Current sales are $680,000. The replenishment level you have chosen is 50 backpacks. 100,000 shares are maintained as treasury stock and 1,400,000 shares are currently in circulation. Theoretical capacity |b. a. Last year, 17,800 purc A company manufactures a product using machine cells. The consumer price index in an economy is 180 one year and 189 the next year. A balanced line with sin A hospital emergency room averages 50 patients per shift. Market Penetration iii. Production and sales were: - Weight Sales Additional processing costs P 317,000 lbs. What is its utilization if it processes an average of 45 loans per day? c. its average revenue is greater than $9. What was Dominy's first major in college and why did he drop out? Currently, two production lines are in place for making bronze and plastic sprinklers. The effective capacity is 40 engines per day. C) Price is below minimum average total costs. Total ove. 134 . Practical capacity | A computer repair service has a design capacity of 80 repairs per day. 1) The company has valid alternatives for copper growth within its current portfolio such as Resolution and Winu mines (which we believe are not yet properly valued by Wall Street), 2) Rio. Select one: a. Product B only visits machines 1 and 3. Goods with high value-to weight ratios favor a single location to use advantages of centralized production, while with low value-to-weight products it's best to have many production facilities close to the places were these components are needed, Location production facilities for Products: 3 major considerations. It costs Garner Company $12 of variable and $5 of fixed costs to produce one bathroom scale which normally sells for $35. Consider the four-step serial process with processing times given in the list below. 7. A firm's production function is qi = 4*Ki^{.2}Li^{.4}. The best time standard applied historical A computer service has a design capacity of 104 repairs per day. a. What are the inputs to CRP process? Determine the monthly breakeven volume. When evaluating a firm with excess capacity, what is true? The amount and type of emissions will vary by fuel burned and other plant characteristics. One production facility will usually be favored when _______. What are the advantages and disadvantages of incremental versus one-step expansion? The hours scheduled are 80, and 72 hours are actually worked. When demand is higher, several production facilities are economically feasible. The company did not maintain any inventories, so total cos, Imagine comparing a manufacturing operation using regular lot-sizing and the same operation with a kanban/lean production approach. In a job shop, effective capacity is only 72% of design capacity and actual output is 84% of effective output. d. fixed costs are low. a) A long rectangular sheet of metal 12 in wide is to be made into a trough by turning up two sides to form right angles. True or false? In a job shop, effective capacity is only 62 percent of design capacity, and actual capacity is 74 percent of effective output. Hotels c. Cruise lines d. All of the above. The fatigue data for a steel is given below: |Stress Amplitude (MPa)|470|440|390|350|310|290|290|290 |Cycles to Failure|1x10^4|1x10^4|1x10^5|1x10^5|1x10^6|1x10^6|1x10^7|1x10^8 a. 20 terms. The A motorcycle factory can produce 500 units of product in one day under normal conditions and 800 maximum units with overtime labor. Createyouraccount. All workers performing similar tasks are grouped together, and products pass from one workstation to another. Execute all transactions related to the firm's business processes being integrated The Albert Nock Company had $210 million of sales last year, and $(A) million of fixed assets which were being operated at 0.75% of capacity. Physical, as in manufacturing b. Locational, as in transportation c. Informational, as in consulting d. Physiological, as in health care e. Exchange, as in retailing f. Storage, as in warehousing 6. (a) a company is extremely profitable (b) demand is higher than the minimum efficient scale (c) unemployment is very low (d) fixed. An area in a production facility consisting of one or more workers and machines with similar capabibies that can be considered one unit for the purpose of scheduling is a: OA) work centre. d. the price r, A firm manufactures a product according to the production function: . A company produces an item. Currently two production lines are in place for making bronze and plastic sprinklers. sinks per day ? A firm produces three goods (x,y,z) in a fixed proportions (0.5,0.3,0.2). Your Competitive Intelligence team is predicting that the Baldwin Company will invest in adding capacity to their Bid product this year. Decision . The longest task is 2.4 minutes, and the total time for all tasks is 18 minutes. However, many automotive manufacturing companies today use this theory. A firm wants to minimize the total cost of producing 100 tons of dynamite. He did some research and knows that the average price of gas in Spain is approximately 1.21 euros per liter. A minor fender bender will cost $2,000, whereas a major accident might cost $16,000 in repairs. The times at each process are in hours. Sample 1 Sample 2. During a three-day period, the bakery made 850 loaves per day. The Megabuck Hospital Corp. is to build a state-subsidized nursing home catering to homeless patients as well as high-income patients. c) are low in proportion to variable costs in the short run. Honey industries has $4 billion in sales and $1.6 billion in fixed assets. A computer repair service has a design capacity of 80 repairs per day. d. None of the above. The extent to which customers are satisfied sufficiently to remain customers. Focus is on the production stages and components with the most value added Operations. Wrong answer is provided by testbank: When fixed costs are high, one production facility will be favored. Processing time per container is 0.1 days. Find the firm's short run cost function, if Ki is fixed at $100,000. a. 3- Location of the production facility can affect the customer's image of the product's tangible and intangible qualities. A shift is 8 hours long, and the average patient requires 20 minutes in the exam room. c) based on service quality standard A process can be balanced by moving work away from the to unused capacity elsewhere in the process. View an interactive version of this diagram >>. Centralized generation in the United States, Environmental impacts of centralized generation. A Printed Circuit Board (PCB) machine installs integrated circuits onto a board. - The best run companies usually have the best supply chain.
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