Jamaica Cane Products has a fixed cost of $10,000 this period. Its direct labor is $1.50 per unit, and material is $0.75 per unit. The selling price is $4.00 per unit. Calculate the break-even point in dollars and the amount of units needed to break-even.
Q: 2. Sugarco can manufacture three types of candy bar. Each candy bar consists totally of sugar and…
A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: Assuming you are appointed as a Project Manager, explain how you would employ a Gantt Chart to…
A: Gantt chart:- A Gantt chart is an illustration of a bar chart that displays a project schedule. This…
Q: The prices for traveling between five cities in Colorado by bus are given in the table below. Use…
A: Find the Given details below: Given details: From To Boulder Denver Colorado Springs Grand…
Q: SALES ($1,000s) Month 2001 2002 2003 2004 2005 2006 2007 2008 2009 January 139.7 165.1 177.8…
A: Find the Given details below: Given details: Month SALES ($1,000s) 2001 2002 2003 2004 2005…
Q: Which of these is a true statement? Select an answer: Almost half the work done in service processes…
A: 1. This statement is correct because It has been estimated by professionals that as much as half of…
Q: What is planning for the worst case scenario
A: To succeed in the long-run, a firm must handle both bad & good times. To handle any disasters…
Q: What are major factors to consider when designing logistics strategy
A: Logistics management is described as a means through which the supply chain is operated and managed.…
Q: managing the execution of a project.
A: The Steps for Spiral Model to Function: The new system specifications are laid forth in as much…
Q: Name the ten (10) critical decision areas of Operations Management and discuss them with your…
A: Operations management involves the transformation of various inputs such as raw materials,…
Q: (a) (b) State the optimal delivery plan and cost. Contactgear must change couriers for the Selangor…
A: The transportation model is used to calculate the minimum cost of the route by selecting different…
Q: Customers arrive at the company's service office at an average of one every 20 minutes. Their…
A: Given, Arrival rate,λ =60÷20 = 3 per hour Service rate, μ =60÷15 =4 per hour 1. Average time that…
Q: Carlisle Company has been cited and must invest in equipment to reduce stack emissions or face EPA…
A: Initial cost = -$75000 MARR = 10% Investment = $18, 500 Expected life(n) = 5 year
Q: Exercise: Come up with a Matrix and compare the Average Flowtime and Average Tardiness Using FCFS,…
A: Sequencing is an appropriate order of plan as per which the process of operations works. It defines…
Q: Recognizing today's endless globalization and internalization, companies are required to improve…
A: Processes through which the demands of the customer are met remain of critical importance to any…
Q: In project management, a number of tools are required to ensure effective cost management. You are…
A: Expert judgment is a widely used method in project planning. As the name suggests it is a judgment…
Q: Use the technique developed in this section to solve the minimization problem. Minimize C = 10x + y…
A: Objective Functions: Minimize C= 10 x+ y Constraints: Subject to- 4x+y≥24 (Constraint 1)…
Q: In a Q system, the demand rate for strawberry ice cream is normally distributed, with an average of…
A: Given data Lead times = 6 weeks The standard deviation of weekly demand = 16 pints The rate of…
Q: what is the importance of benchmarking with other facilities/programs/plans
A: Healthcare quality must have grown more crucial in an environment where financing for medical…
Q: 6. Suppose you are given the following data for a project: Activity Expected Activity Time (in days)…
A:
Q: A part is demanded at the rate of 430 per week. The part is purchased from a supplier in Asia, and…
A: Given data Service level = 90% The z value of 90% service level will be calculated by the…
Q: Projected costs are calculated during the planning phase of a project and must be approved before…
A: Note: - Since the exact question that has to be answered is not specified, we will answer the first…
Q: 8. The Surgery Unit of Piedmont has determined that the annual demand for surgical gloves is 25,000…
A: Note: - Since we can answer only one specific question at a time we will answer question 8 here.…
Q: 3. Daily demand for tablets of amazon is normally distributed, with a mean of 100 and standard…
A: In this case, the business is operating under a periodic review policy, with a review period of 30…
Q: Using specific instances, differentiate between the concepts of project and project management.
A: Definitions: Project: - When several tasks are arranged or planned in order to achieve a specific…
Q: Inside an organization, enterprise resource planning (ERP) is related to: a. Manufacturing only.…
A: Operations management is described as a business and administrative practice that allow a business…
Q: he company has obtained a new contract to finish up some apartments that had been constructed by…
A: Two machine/department/jobs problem can easily be scheduled in optimal manner by following the…
Q: The relative criticality of various project risks are prioritized through: a) qualitive risk…
A: The process of determining which project risks are the most serious so they may be dealt with first…
Q: Use an appropriate diagram to discuss the basic knowledge management processes.
A: Knowledge management can be stated as the activity practiced by organizations across the globe. In…
Q: Given the following forecast and cost information, determine Production Costs the total cost of a…
A: Total cost = regular cost+overtime cost+subcontracting cost Given regular cost 50 overtime…
Q: Which one of the following is a way to improve the S/Q rating of branded pairs produced at a…
A: S/Q rating, also known as styling-quality rating of branded pairs production means the quality and…
Q: Attendance at Orlando's newest Disneylike attraction, Lego World, has been as follows Quarter Winter…
A: To determine the Seasonal indices of the year by using formulae: Total attendance for the year =…
Q: Sleek Sdn. Bhd. is planning on introducing 2 new stool designs (Deni & Arni) for their 2022…
A:
Q: Samantha’s Group of Companies is deciding if it should design an advertising system for use on its…
A: Find the Given details below: Given details: Decision Good Condition Bad Condition Option 1:…
Q: Given unlimited availability of resources: Evaluate the officer’s chance to catch the robbers if she…
A: A network diagram related to the project shows the sequence of the task that is performed to…
Q: Experience the Tour de France (ETF) is a specialty travel agent. It arranges vacations for amateur…
A: Given data: Number of servers m= 5 Service time = 25 minutes Standard Deviation of service time =…
Q: locations while accounting for small local variations. Which strategy is your organization following…
A: Nowadays, globalization in combination with a greater degree of interconnections between persons…
Q: RVW (Restored Volkswagens) buys 30 used VW's at each of two car auctions each week held at different…
A: As per the information given, RVW buys 30 used VWs at each of two car auctions each week held at…
Q: The following table lists the components needed to assemble an end item, lead times (in weeks), and…
A: A time based production chart and Product structure chart are helps to identify the correct…
Q: 01. Walton is one of the leading brands which aspire to produce deshi products. They want to go…
A: Since you have submitted multiple questions, as per guidelines we have answered the first question…
Q: Joe Henry's machine shop uses 2,490 brackets during the course of a year. These brackets are…
A: Companies determine their optimal order size by performing a calculation known as the economic order…
Q: Develop a network for the problem (below). Determine the total project completion time and the…
A: A network diagram can be of 2 types namely: AOA: Arrow to arrow AON: Arrow to node
Q: Why in process Quality Control is important and Why it is needed in pharmaceutical industries?…
A: The QC process directs to the steps concerned with maintaining consistent criteria &…
Q: Describe the role of monitoring and controlling as a life cycle phase on a project you have been…
A: Project life cycle:- The processes needed for project managers to successfully oversee a project…
Q: The project manager or his designees should review the documents that authorise the project and…
A: A statement of work(SOW) is a document that will include the details about the contract such as what…
Q: The Petroco Service Station has one pump for regular unleaded gas, which (with an attendant) can…
A: Given data: Service rate (μ) = 15 customers per minute Arrival rate (λ) = 12 per minute
Q: Consider a firm planning to start a new venture of manufacturing area. - Discuss the important…
A: The project here is about establishing a new venture in a manufacturing area, For this project, we…
Q: Case Study Overview: In conventional business and government megaprojects--such as hydroelectric…
A: Project management is the method of using knowledge, skills, mechanisms, & techniques to achieve…
Q: performance management program.
A: According to Bartleby answering policy we are obliged to answer just the first Question if there are…
Q: Medaas Electronics is a fictional producer of laser printers. The company's production planner,…
A:
Q: Assess the impact of economies of scale on project costs
A: Effect of economies of scale on project costs The term "economies of scale" refers to a cost…
Jamaica Cane Products has a fixed cost of $10,000 this period. Its direct labor is $1.50 per unit, and material is $0.75 per unit. The selling price is $4.00 per unit.
Calculate the break-even point in dollars and the amount of units needed to break-even.
Step by step
Solved in 3 steps
- Bhatti Company produces plastic photo frames. Two departments, molding and finishing, are involved in the manufacturing. The molding department fills the molds with hot liquid plastic that is left to cool and then opens them. The finishing department removes the plastic frame from the mold and strips the edges of the frames of extra plastic. The following information is available for the month of January: January 1 Quantity (pounds) January 31 Quantity (pounds) Work-in-Process Inventory Cost Cost Molding department Finishing department None None 5,000 $ 15,000 2,000 The WIP Inventory in the finishing department is estimated to be 40% complete for conversion both at the beginning and end of January. Costs of production for January follow: Direct Costs of Production Materials Conversion Molding department Finishing department $ 450,000 $ 90,000 80,290 The molding department started 50,000 pounds of product in January. The firm uses the FIFO method of process costing. Required: 1. Prepare…Exercise 3 Costs for a month in which it produced 800 units. The production manager was asked to review these costs and provide her best guess as to how they should be categorized. He responded with the following information: Total Costs Variable Costs Fixed Costs Material used in Production OMR 420000 420000 Labour, used in Production 214000 100000 114000 (Assembly and supervisor) Production Facilities cost( rent 115000 90000 250000 „Insurance, Utilities,.) Total production cost 749000 610000 139000 Required: A. Describe the production costs in the equation form Y = f + vX B. Assume Company intends to produce 1200 units next month. Calculate total production costs for the month.Hau Lee Furniture, Inc., spends 50% of its sales dollars in the supply chain and finds its current profit of $28,000 inadequate. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment. Hau would like to improve the profit line to $33,000 so he can obtain the bank's approval for the loan. Current Situation Sales $140,000 Cost of material $70,000 (50%) Production costs $28,000 (20%) Fixed cost $14,000 (10%) Profit $28,000 (20%) Part 2 a) What percentage improvement is needed in the supply chain strategy for profit to improve to $33,000? What…
- Plastic cups are made by forming of raw plastic. The price of plastic is 4.500 OMR per kg and the price of plastic cups is 13 OMR per 1000 cups. Plant requires different machine which cost about 50,000 OMR, but the machines has to be imported, after paying 25% as customs duty. On a graph paper, draw a freehand graph and represent all important parameters. Due to increase in plastic price, the break-even quantity has increased by 10%. Find out the new plastic price?ABC Industry operates 6 days a week. There are two 8-hours shifts each day, with a half-hour break for lunch in each shift. The plant is shut down on Sundays for regular maintenance. The weekly demand for the product is 720 units. What is the TAKT time?Thunderbird Manufacturing purchases a new stamping machine for $40,000. Its useful life is estimated to be 250,000 units with a salvage value of $5,000. Prepare a units-of-production (UOP) depreciation schedule based on the given annual usage (units produced) as shown below. chart attached
- Hau Lee Furniture, Inc., spends 45% of its sales dollars in the supply chain and finds its current profit of $15,000 inadequate. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment. Hau would like to improve the profit line to $20,000 so he can obtain the bank's approval for the loan. Current Situation Sales Cost of material $100,000 $45,000 (45%) Production costs Fixed cost Profit $25,000 (25%) $15,000 (15%) $15,000 (15%) a) What percentage improvement is needed in the supply chain strategy for profit to improve to $20,000? What is the cost of material with a $20,000 profit? A decrease of 11.1 % in material (supply-chain) costs is required to yield a profit of $20,000, for a new material cost of $40000. (Enter your response for the percentage decrease to one decimal place and enter your response for the new material cost as a whole number.)A. Jack’s Grocery is manufacturing a ‘store brand’ item that has a variable cost of $0.75 per unit and a selling price of $1.25 per unit. Fixed costs are $12,000. Current volume is 50,000 units. The firm can substantially improve product quality by adding a new piece of equipment at an additional fixed cost of $5,000. Variable cost would increase to $1.00 but their volume should increase to 70,000 units due to the higher quality product. Should the company buy the new equipment? B. What are the two breakeven points [both in dollars and in units] for the two processes considered in the problem in (a) above? C. Develop a breakeven chart for the problem in (a) above. D. Bweupe & Sons has fixed costs of K10, 000 for the period. Their direct labour cost is K1.50 per unit and material input cost is K0.75 per unit. The selling price per unit is K4.00. i. Calculate the Break-Even point in units. ii. What does it translate to in Kwacha?A newly opened BackPack Company in Kitwe, produces a line of backpacks. The manager, Jill Bwalya, is interested in using a level aggregate plan. Inventories and back orders will be used to handle demand fluctuations. Given the following data below; Cost dataRegular-time labour cost per hour K10.00Overtime labour cost per hour K15.00Subcontracting cost per unit (labour only) K84.00Holding cost per unit per period K10.00Back-order cost per unit per period K20.00Hiring cost per employee K600.00Firing cost per employee K450.00Capacity dataBeginning workforce 210 employeesBeginning inventory 400 unitsLabour standard per unit 6 hoursRegular time available per period 160 hours Overtime available per period…
- Consider a two-stage plant-retailer supply chain. Lead time for the plant to fill retail orders is one week. The plant produces exactly to demand and does not keep inventory. Desired safety stock at the retailer is equal to half-week demand, and future demand is estimated by the average of the past two weeks. Find the impact on plan production (customer orders) if demand permanently increases from 100 to 110 units per period.Hau Lee Furniture, Inc., spends 45% of its sales dollars in the supply chain and finds its current profit of $15,000 inadequate. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment. Hau would like to improve the profit line to $20,000 so he can obtain the bank's approval for the loan. Sales Cost of material Current Situation $100,000 $45,000 (45%) Production costs Fixed cost Profit $25,000 (25%) $15,000 (15%) $15,000 (15%) a) What percentage improvement is needed in the supply chain strategy for profit to improve to $20,000? What is the cost of material with a $20,000 profit? A decrease of ☐ % in material (supply-chain) costs is required to yield a profit of $20,000, for a new material cost of (Enter your response for the percentage decrease to one decimal place and enter your response for the new material cost as a whole number.)Hau Lee Furniture, Inc., spends 45% of its sales dollars in the supply chain and finds its current profit of $16,000 inadequate. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment. Hau would like to improve the profit line to $21,000 so he can obtain the bank's approval for the loan. Sales Cost of material Current Situation $80,000 $36,000 (45%) Production costs Fixed cost Profit $16,000 (20%) $12,000 (15%) $16,000 (20%) a) What percentage improvement is needed in the supply chain strategy for profit to improve to $21,000? What is the cost of material with a $21,000 profit? A decrease of 13.9 % in material (supply-chain) costs is required to yield a profit of $21,000, for a new material cost of $ 31000. (Enter your response for the percentage decrease to one decimal place and enter your response for the new material cost as a whole number.) b) What percentage improvement is needed in the sales strategy for profit to improve to…