please answer within 30 minutes... In Myanmar (formerly Burma), six laborers, each making the equivalent of $5.00 per day, can produce 40 units perday. In China, eleven laborers, each making the equivalent of $4.00 per day, can produce 48 units. InBillings, Montana, three laborers, each making $126.00 per day, can make 102 units.Based on labor cost per unit only, the most economical location to produce the item islabor cost per unit of $. (Enter your response rounded to two decimal places.)with a

Labour cost is an essential part of the project. It refers to the price which orders to get the…

Answered: In Myanmar (formerly Burma), six…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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A firm installs 1500 air conditioners which need to be serviced every six months. The firm can hire a team from its logistics department at a fixed cost of $6,000. Each unit will be serviced by the team at $15.00. The firm can also outsource this at a cost of $17.00 inclusive of all charges. a. For the given number of units, compute the total cost of servicing for both options. Which is a better decision? b. Find the break-even volume and characterize the range of volumes for which it is more economical to outsource.
Helter Industries, a company that produces a line of women’s bathing suits, hires temporaries to help produce its summer product demand. For the current four-month rolling schedule, there are three temps on staff and 12 full-time employees. The temps can be hired when needed and can be used as needed, whereas the full-time employees must be paid whether they are needed or not. Each full-time employee can produce 205 suits, while each temporary employee can produce 165 suits per month. May June July August3,200 2,800 3,100 3,000 The beginning inventory in May is 403 bathing suits. Bathing suits cost $40 to produce and carrying cost is 24 percent per year. Develop an aggregate plan that uses the 12 full-time employees each month and a minimum number of temporary employees. Assume that all employees will produce at their full potential each month.…
Hickory Manufacturing Company forecasts the following demand for a product (in thousands of units) over the next five years. Year 1 2 3 4 5 Forecast demand 62 84 86 90 90 Currently the manufacturer has seven machines that operate on a two-shift (eight hours each) basis. Thirty days per year are available for scheduled maintenance of equipment with no process output. Assume there are 250 workdays in a year. Each manufactured good takes 20 minutes to produce. What is the effective capacity of the factory? Round your answer down to the nearest whole number. units/year Given the five-year forecast, how much extra capacity is needed each year? Use a minus sign to enter an answer, if there is excess capacity. Round your answers to the nearest whole number. Year 1 2 3 4 5 Extra capacity needed (units) Does the firm need to buy more machines? If so, how many? When? If your answer is zero, enter "0". Round your answers up to the nearest whole number.…
Express Logistics provides delivery service seven days a week. The daily requirements (in workers) are estimated as follows: Day M T Requirement 5 4 W 7 ΤΗ 3 F 6 S 3 SU 3 Each employee works five days a week and must have two consecutive days off, according to the contract. a. What is the minimum number of employees required? (If there is a tie in the selection of off days, S and SU days are given a preference). b. What is the worker schedule? You should show the schedule for each employee (stating their start day and the off days clearly).
Deforrest Marine Motors manufactures engines for the speedboat racing circuit. As part of their annual planning cycle, they forecasted demand for the next four quarters. The number of available days of production and the anticipated demand are given below. Employees Production Rate Production Cost Backorder Cost Overtime Cost Overtime Limit Demand Q1 2,400 6,019,000 They also estimated many of the costs required to conduct operations planning. Some of these key figures are listed below. 30 70 units/employee/quarter Q2 2,200 $1,000/unit $200/unit/quarter $1,500/unit <= 25% of Reg. Production Q3 1,700 Q4 1,800 Hire Cost Fire Cost Subcontracting Cost Subcontracting Limit Inventory Cost Initial Inventory $1,200/employee $800/employee $1,800/unit 400 units maximum $100/unit/quarter 280 units Deforrest Marine Motors wishes to maintain the current number of employees for the entire year to follow a level strategy balanced with inventory and backorders as needed. What is the total cost of this…
Wallace Heating is attempting to estimate its costs of manufacturing heating ducts for the comingyear using the high-low method. The cost driver is number of labor hours. Wallace determines thatthe high and low costs are $25,830 and $18,414, respectively, and the values for the cost driver are3,495 and 1,958 hours, respectively. What is the variable cost per hour?
Baker Manufacturing Company forecasts the following demand for a product (in thousands of units) over the next five years. Year 1 2 3 4 5 Forecast Demand 119 132 133 137 136 Currently the manufacturer has ten machines that operate on a two-shift (eight hours each) basis. Twenty days per year are available for scheduled maintenance of equipment. Assume there are 250 workdays in a year. Each manufactured good takes 32 minutes to produce. What is the effective capacity of the factory? Round your answer down to the nearest whole number and use this answer in subsequent computations. units/year Given the five-year forecast, how much extra capacity is needed each year? Round your answers to the nearest whole number. Year 1 2 3 4 5 Extra capacity needed (units) Does the firm need to buy more machines? If so, how many? When? If your answer is zero, enter "0". Round your answers up to the nearest whole number. Year 1 2 3 4 5 Additional machines…
Company DEF has a choice of two machines to purchase. They both make the same product which sells for P10. Machine A has FC of P5,000 and a per unit cost of P5. Machine B has FC of P15,000 and a per unit cost of P1. Under what conditions would you select Machine A?
Box Electric makes electronic components and has estimated the following for a new design of one of its products. Fixed cost = $24,975 Material cost per unit = $0.17 Labor cost per unit = $0.12 Revenue per unit = $0.66 Note that fixed cost is incurred regardless of the amount produced. Per-unit material and labor cost together make up the variable cost per unit. Assuming that Box Electric sells all that it produces, profit is calculated by subtracting the fixed cost and total variable cost from total revenue. Construct an appropriate spreadsheet model to find the profit based on a given production level and use the spreadsheet model to answer these questions. (a) Construct a one-way data table with production volume as the column input and profit as the output. Breakeven occurs when profit goes from a negative to a positive value; that is, breakeven is when total revenue = the total cost, yielding a profit of zero. Vary production volume from 0 to 100,000 in increments of 10,000.…
4.) After 10 years of production, the chemical manufacturing plant has become very successful. Because of its success, a great demand for products came as many consumers wanted the company to sell them their products. To meet the demand, three alternatives were considered. Work overtime to meet demands. Annual overtime expenses are $500,000. Expand the plant to accommodate more production. Fixed annual expenses are $2,500,000. Make a contract with another company to produce additional products at a rate of $1,000,000. The cost of manufacturing products from the three alternatives are $3500, $3000 and $3250 per unit respectively. The plant sells every unit made regardless of how they were made at $15,000 per unit. The expected demand for the product is 150 units with a probability of 50% 250 units with a probability of 35% 350 units with a probability of 7.5% 400 units with a probability of 5% 500 units with a probability of 2.5%
Use the following information for the next 2 problems: A warehouse is to be built that will support three factories. The (x,y) location of each factory, annual volume and transportation rate from each factory is given below. Use a map scaling factor of K=500 miles. Factory Xi Yi Vi: Annual Volume (cwt) Ri: Rate ($/cwt per mile) ViRi ViRiXi ViRiYi 1 1.6 6.3 4,000 0.02 2 7.2 4.0 10,000 0.04 3 2.0 3.0 3,000 0.05 Totals: 1.Using the COG method, what is the optimal (x,y) location of a single warehouse? - (5.25,4.05) - (3.25, 4.05) - (4.5, 3.65) - (4.5, 5.15) - (5.25, 5.15) - (3.25, 3.65) 2.If the warehouse is located at an (x, y) of (8, 3), what would be the total transportation cost? - $994,153 - $874,153 - $844,153 - $904,153 - $964,153 - $934,153 3.According to Weber’s classification of industries. A weight-losing production process…
Baker Manufacturing Company forecasts the following demand for a product (in thousands of units) over the next five years. Year 1 2 3 4 5 Forecast Demand 131 150 151 154 153 Currently the manufacturer has ten machines that operate on a two-shift (eight hours each) basis. Twenty days per year are available for scheduled maintenance of equipment. Assume there are 250 workdays in a year. Each manufactured good takes 24 minutes to produce. What is the effective capacity of the factory? Round your answer down to the nearest whole number and use this answer in subsequent computations. units/year Given the five-year forecast, how much extra capacity is needed each year? Round your answers to the nearest whole number. Year 1 2 3 4 5 Extra capacity needed (units) Does the firm need to buy more machines? If so, how many? When? If your answer is zero, enter "0". Round your answers up to the nearest whole number.

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