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Arturiano [62]
1 year ago
12

The constraint at Pickrel Corporation is time on a particular machine. The company makes three products that use this machine. D

ata concerning those products appear below:VD JT SMSelling price per unit $ 344.85 $ 415.40 $ 119.32Variable cost per unit $ 270.18 $ 310.88 $ 91.96Minutes on the constraint 5.70 6.70 1.901. Rank the products in order of their current profitability from most profitable to least profitable. In other words, rank the products in the order in which they should be emphasized. (Round your intermediate calculations to 2 decimal places.)Multiple ChoiceJT, SM, VDJT, VD, SMVD, SM, JTSM, VD, JT
Business
1 answer:
rosijanka [135]1 year ago
5 0

Answer:

JT, SM, VD

Explanation:

Calculation to rank the products in the order in which they should be emphasized

VD JT SM

Selling price per unit

$ 344.85 $ 415.40 $ 119.32

Less:Variable cost per unit

$ 270.18 $ 310.88 $ 91.96

Contribution per unit

$74.67 $104.52 $27.36

÷Minutes on the constraint 5.70 6.70 1.90

=Contribution per minut

$13.10 $15.60 $14.40

Ranking

VD $13.10 Third

JT $15.60 First

SM $14.40 Second

JT, SM, VD

Therefore the product will be rank from the highest to the lowest which is JT, SM, VD

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Suppose a firm is producing in the long run. When it produces 4,000 units of output, its total cost is $8,000. When it produces
Scilla [17]

Answer:

increasing then decreasing

Explanation:

production level            total cost             average total cost

4,000                               $8,000                    $2.00

4,200                               $8,200                     $1.95

4,400                               $8,800                    $2.00

Returns to scale measure the change in productivity, or how much input is needed to produce a unit of output.

  • increasing returns to scale: output increases in a greater proportion than inputs
  • constant returns to scale: output increases in the same proportion as inputs
  • decreasing returns to scale: output increases in a lower proportion than inputs

Since first the average total cost decreased, total output increased in a greater proportion than inputs ⇒ increasing returns of scale. But then the situation reversed and total output increased in a lower proportion than inputs ⇒ decreasing returns of scale.

4 0
1 year ago
Record and analyze installment notes (LO9-2)
djyliett [7]

Answer:

January 1, 2021, building purchased

Dr Building 420,000

    Cr Cash 100,000

    Cr Notes payable 320,000

Explanation:

The building account (asset) must be recorded at the purchase cost. The mortgage is considered a note payable (long term liability), while the cash account (asset) decreases, therefore, it must be credited.

3 0
1 year ago
Larry Ellison starts a company that manufactures high-end custom leather bags. He hires two employees. Each employee only begins
HACTEHA [7]

Answer:

12.55 days

Explanation:

<em><u>Provided information </u></em>

Number of employees 2

Average production time=1.8 days

Standard deviation=2.7 days

Inter-arrival time= 1 day

Coefficient of variation= 1 day

Standard deviation of inter-arrival time= 1 day

The coefficient of variations

<u>Inter-arrival coefficient of variation </u>

C_{vi}=\frac {\sigma}{T} where \sigma is standard deviation of inter-arrival time, T is inter-arrival time and C_v is coefficient of variation of inter-arrival time

C_{vi}=\frac {1 day}{1 day}=1

<u>Production time coefficient of variation </u>

C_{vp}=\frac {2.7}{1.8}=1.5

<u><em>Total utilization time </em></u>

U=\frac {T}{n*T_i} where T is the time of production, n is number of employees, U is utilization, T_i is inter-arrival time

U=\frac {1.8}{2*1}=0.9

Therefore, utilization time by 2 employees is 0.9

<u>Expected average waiting time </u>

T_e=(\frac {T}{n*T_i})*0.5(C_{vi}^{2}+C_{vp}^{2})*(\frac{U^{\sqrt{2(n+1)}-1}}{1-U})

Where T_e is expected average waiting time and the other symbols as already defined

Substituting 1.5 for C_{vp}, 1 for C_{vi}, 0.9 for U, 2 for n, 1 for T_iand 1.8 for T

T_e=(\frac {1.8}{2*1})*0.5(1^{2}+1.5^{2})*(\frac{0.9^{\sqrt{2(2+1)}-1}}{1-0.9})

T_e=0.9*1.625*8.583709=12.55367 days  and rounding off to 2 decimal places we obtain 12.55 days

Therefore, expected duration between order received and beginning of production is approximately 12.55 days

4 0
1 year ago
Jefferson is interested in starting his own business. He plans to borrow money from the local bank in order to finance the busin
almond37 [142]
They will require him to submit a business plan and a financial plan. The correct option among all the options that are given in the question is option "d" or the last option. The financial plan needs to be perfect for the loan to be passed and also for the business to be successful. The local bank needs to understand the way the company will make profit and pay back the loan.
4 0
1 year ago
Read 2 more answers
It is calculated that the workstation cycle time is 80 seconds. The theoretical minimum number of workstations needed is 4 stati
cestrela7 [59]

Answer:

the correct balancing plan is as follows:

Station 1 - A, B, E

Station 2 - D

Station 3 - C, G

Station 4 - F, H

Explanation:

See table in attached file

Note: D is preferred over C because of higher processing time

** G is preferred over F because of higher processing time

8 0
1 year ago
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