Given the following data, FC = K10,000; Selling Price =K10; VC=K5; demand = 1000 units. Draw a break-even analysis diagram and from the diagram, determine the following: a. The Break-even point (BEP) in units and total costs, total costs and total revenues. b. Advise the management on what course of action to take.
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- a. Construct:i. ABC analysis by annual dollar usageii. ABC analysis by current inventory value(Performing the tables and charts in excel)b. Based on these analyses, do you think the firm is stocking the correct inventories?“means-ends analysis”. Provide an ORIGINAL example in which you state and illustrate the three steps involvedCyberphone, a manufacturer of cell phone accessories,ended the current year with annual sales (at cost) of $48 mil-lion. During the year, the inventory of accessories turned oversix times. For the next year, Cyberphone plans to increase an-nual sales (at cost) by 25 percent.a. What is the increase in the average aggregate inventoryvalue required if Cyberphone maintains the same inven-tory turnover during the next year?b. What change in inventory turns must Cyberphone achieveif, through better supply chain management, it wants tosupport next year’s sales with no increase in the averageaggregate inventory value?
- Scatter Diagrams and High-Low Cost Estimation Assume the local Pearle Vision has the following information on the number of sales orders received and order-processing costs. Month Sales Orders Order-Processing Costs 3,000 $ 165,400 1,500 100,750 4,400 241,400 2,800 163,800 2,300 139,550 1,200 86,200 2,000 125,000 1 2 3 4 5 6 7 Required (a.) Use information from the high- and low-volume months to develop a cost-estimating equation for monthly order-processing costs. $ 28,000 + $48.5 X (b.) Plot the data on a scatter diagram. Using the information from representative high-and low-volume months, develop a cost estimating equation for monthly order-processing costs. If needed, an Excel worksheet is provided in the following link in order to create the scatter diagram: Scatter_Diagram $ 15,000 X+ $53.14 X XRequirement Classify each of the cost items (a-h) into one of the business functions of the value chain. Cost Item Value Chain Business Function a. Utility costs for the plant assembling the Latitude computer line of products b. Distribution costs for shipping the Latitude line of products to a retail chain c. Payment to David Newbury Designs for design of the XPS 2-in-1 laptop d. Salary of computer scientist working on the next generation of servers e. Cost of Dell employees' visit to a major customer to demonstrate Dell's ability to interconnect with other computers f. Purchase of competitors' products for testing against potential Dell products g. Payment to business magazine for running Dell advertisements h. Cost of cartridges purchased from outside supplier to be used with Dell…The publisher, Mark Twain Press, feels it has problems. The CEO, Charles Dickens, has instigated an analysis of costs. Here are the details of its cult classic, A Voyage to Arcturus. • A Voyage to Arcturus has fixed costs of $380,000 • A Voyage to Arcturus has variable variable costs per book of $9.00 • The book, A Voyage to Arcturus, sells for $23.00 per copy a. To reach breakeven, how many copies of A Voyage to Arcturus must be sold? (Roundup your answer to the next whole number.) Books to be sold
- 1. Osprey Machine Works has the following demand requirements and other data for the upcoming four quarters. Quarter 1 2 Previous quarter's output 2500 units Beginning inventory Stockout (backorder) cost $50 per unit Inventory holding cost Hiring workers Laying off workers What is the total cost of pursuing a level aggregate plan over the coming year? Demand 2300 2400 2600 2100 200 units 13 14 $10 per unit at end of quarter $4 per unit $8 per unit 2. Golden Eagle Machine Works has the following demand requirements and other data for th upcoming four quarters. Previous quarter's output 2500 units Beginning inventory Stockout (backorder) cost $50 per unit Inventory holding cost Hiring workers Laying off workers What is the total cost of pursuing a chase aggregate plan over the coming year? Demand 2300 2400 2600 2100 Quarter 1 200 units $10 per unit at end of quarter $4 per unit S8 per unitWhat is the purpose of sales and operations planning? Describe the S&OP procedure.Q4) A manufacturer provides specialized microchips. During the next 3 months its sales, costs, and available time are shown in the table. Month 1 Month 2 Month 3 There are no chips in stock at the beginning of the first month. It takes 1.5 hr of production time to produce a chip and costs $5 to store a chip from one month to the next. Determine a production schedule that meets the demand requirements, does not exceed the monthly production time limitations, and minimizes cost. Note that no chips should be in stock at the end of the 3 months. Use fmincon. Chips required Cost regular time ($/chip) Cost overtime ($/chip) Regular operation time (hr) Overtime (hr) 1000 100 110 2500 100 120 2200 120 130 2400 2400 720 2400 720 720
- The S&OP team at Ka nsas Furniture has received thefo llowing estimates of demand requirements: a) Assuming one-time stockout costs for lost sales of $ 100 perunit, inventory carrying costs of $25 per unit per month, andzero beginning and ending inventory, evaluate these two planson an incremental cost basis:• Plan A: Produce at a steady rate (equal to minimum requirements)of I ,000 units per month and subcontract additionalunits at a $60 per unit premium cost.• Plan B: Vary the workforce, to produce the prior month'sdemand. The fi rm produced I ,300 units in June. The cost ofhiring additional workers is $3,000 per 100 units produced.The cost of layoffs is $6,000 per l 00 units cut back.Nore: Both hiring and layoff costs are incurred in the month of thechange, (i.e., going from production of I ,300 in July to 1,000 inAugust requires a layofT [and related costs] of 300 units in August,j ust as…Demand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nina expects demand for headsets to also expand, because, as yet, no safety laws have been passed to prevent joggers from wearing them. Demand for the players for last year was as follows: MONTH DEMAND (UNITS) January 4,000 February 4,100 March 3,800 April 4,200 May 4,850 June 4,500 July 5,150 August 4,750 September 5,250 October 5,550 November 6,150 December 5,850 a. Using linear regression analysis, what would you estimate demand to be for each month next year? Using a spreadsheet, follow the general format in Exhibit 3.7. (picture below)(Do not round intermediate calculations. Round your answers to 2 decimal places.) Month Forecast january february march april may june july august september october november december b. To…Demand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nina expects demand for headsets to also expand, because, as yet, no safety laws have been passed to prevent joggers from wearing them. Demand for the players for last year was as follows: MONTH DEMAND (UNITS) January 4,000 February 4,100 March 3,800 April 4,200 May 4,850 June 4,500 July 5,150 August 4,750 September 5,250 October 5,550 November 6,150 December 5,850 a. Using linear regression analysis, what would you estimate demand to be for each month next year? Using a spreadsheet, follow the general format in Exhibit 3.7. (picture below)(Do not round intermediate calculations. Round your answers to 2 decimal places.) Month Forecast january february march april may june july august september october november december