Answer:
Refining crude oil into gasoline requires the use of chemicals, pressure, and heat to change the chemical makeup of the crude oil into a finished product of gasoline. PROCESS MANUFACTURING: deals with formulas and manufacturing recipes.
A production plant that serves as a point where workers and robotics bring together all of the components that create automobiles. ASSEMBLY PROCESS: manufactured units follow an assembly line.
Making steel is a process that cannot be easily stopped and restarted. CONTINUOUS PROCESS: the manufacturing process cannot be easily stopped.
Allen-Bradley builds motor starters. The machines that Allen-Bradley uses can make different types of starters without slowing down the process. FLEXIBLE MANUFACTURING: different models can be manufactured in the same process.
A tractor manufacturer looked at their production techniques and eliminated the activities in production that do not add value to the consumer. LEAN MANUFACTURING: very simple and lean manufacturing process.
A bicycle company makes 18 models in more than 2 million combinations. The customer chooses the model, size, color, and design. MASS CUSTOMIZATION: high degree of product customization.
Answer:
Marginal cost: $13.70
Missing question:
Additional cost from increasing their output by one unit.
Explanation:
The company will inccur only the variable cost as the fixed cost are within the relevant range:
Direct materials $ 6.85
Direct labor $ 3.60
Variable manufacturing overhead $ 1.25
Sales commissions $ 1.50
Variable administrative expense $ 0.50
Total variable cost: $13.70
producing an additional unit will genrate marginal cost for $13.70
Answer:
Capacity utilization rate of team 1=4200/4700=0,89
Capacity utilization rate of team 2=3700/4700=0,78
Explanation:
To get the maximum capacity of utilization capacity manager must consider the routine safety and the level where average cost per unit, so we use 4700 widgets per day to get the rate of team 1 and 2.
Capacity utilization rate of team 1=4200/4700=0,89
Capacity utilization rate of team 2=3700/4700=0,78
Answer:
Present Value = $290
Explanation:
The present value of a future payment

Where r discount rate
t is the number of years until the payment will be received.
PV = Present Value = ?
FV = Payment = $4,400
r= 8.3% = 0.083
N = 20 - 6 = 14
PV = $4400 / (1 + 0.083)(20 - 6)
= $4400 / (1.083 * 14)
= $4400 / 15.162
= $290.1992
≅ $290
Present Value = $290
Answer:
$29,000
Explanation:
Calculation would be as follows:
Particular Amount ($)
Beginning Cash 10,000
Add: Cash Receipt 85,000
Less: Cash Disbursement (66,000)
Cash Available 29,000
Hence, the cash available over disbursement for the month would be $29,000.