Advantages of incineration. Because of scheduled maintenance of their equipment, management feels that only 2,500 pounds of clothes can be washed in Last year, Wei Guan Inc. had $350 million of sales, and it had $270 million of fixed assets that were used at 65 percent of capacity. 1. The hours scheduled are 80, and 72 hours are actually worked. Your choice strategy is to only predict your action based on what actions they took in the past. The production budget for year 1 was based on 200,000 units of output. A computer repair service has a design capacity of 80 repairs per day. B. normal capacity. $10,800 C. $40,000 Based upon the information provided, what level of sales could Johnson's have obtained if it had been operating at full capacity? Week 1 2 3 4 5 6 MP Southern Mfg., Inc., is currently operating at only 78 percent of fixed asset capacity. Improving supply chain operations can typically rein in "double-digit" productivity growth and reduce product cycles by 30-40%, allowing faster response to customers. Yesterday the clinic was open for 9 hours and treated 758 patients. Does this production function exhibit diminishing returns t, Q=2K^{3/4}L^{1/4} Capital is fixed at 20 units. As volume increases, unit costs decrease due to economies of scale and scope and learning curve effects. Buying that gives power to the suppliers of industry standard components or that creates a scarcity of those components The environmental impacts of electricity generation can contribute to large-scale regional environmental concerns as well as localized concerns that affect the area directly surrounding a power plant. c. demand is higher than the minimum efficient scale. The actual price per pound of material is $78; the standard. One production facility will usually be favored when a. unemployment is very low. A firm produces three goods (x,y,z) in a fixed proportions (0.5,0.3,0.2). d. a company is extremely profitable. - Another consideration is the notion of the minimum efficient scale and its comparison to demand. Calculate the marginal and average products of labor when the level of capital is fixed at 16 and the firm use. What is the recommended production rate if a level strategy is adopted with no back orders or stockout? B) normal economic performance. Ford's famous response was "They [customers] can have any color they want as long as its black." The production process may consist of one or more transformations which could be all of the following: a. In small countries, or in municipalities where landfills are full and . B. production of the 100th unit, For a certain firm, the 100th unit of output that the firm produces has a marginal revenue of $10 and a marginal cost of $7. What is the full capacity level of sales? Companies that decentralize their manufacturing split their production processes into various locations or regions. 5. The line will operate for 450 minutes per day. - Another consideration is the notion of the minimum efficient scale and its comparison to demand. International Business CH 13 Flashcards | Quizlet A. direct materials cost B. direct labor cost C. manufacturing overhead cost D. period cost, Assume a firm produces 500 units of a good by using two inputs, capital and labor, whose per unit prices are $10 and $4. Assume you own a small (US$15,000,000) manufacturing company that makes components for the automobile industry. A local bakery had a design capacity of 1,000 loaves per day, and an effective capacity of 700 loaves per day. C) below normal economic performance. A loan processing operation that processes an average of 7 loans per day. Both products are produced on the same machining operation. It follows that the: A. production of the 100th unit of output increases the firm's profit by $1. A. a. 134 . The line operates 450 minutes per day. - design the system as a collection of business processes and not functions, a property of ERP systems to simultaneously operate in multiple languages, a property of ERP systems to handle the accounting standards of multiple countries, a property of ERP systems to handle multiple currencies, Fundamentals of Financial Management, Concise Edition, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese. Which of these is responsible for the movement of materials in the production process? The process of assessing a company's ability to produce enough output to satisfy market demand is called capacity planning. As new opportunities appear around the world, sometimes it will become desirable for a company to relocate a production facility, all the activities associated with the flow and transformation of products from raw materials stage through to the end user, together with the corresponding flows of monetary funds and info; These activities are typically performed by different business organizations identified as suppliers, manufacturers, distributors, and retailers. Competing against other competitors for the attention of critical component suppliers 5. c. the average fixed cost will be lost, The standard factory overhead rate is $10 per direct labor hour ($8 for variable factory overhead and $2 for fixed factory overhead) based on 100% capacity of 30,000 direct labor hours. The electricity generated by centralized generation is distributed through the electric power grid to multiple end-users. True or false? Utilization is ________. What would be your expectations of the difference between the total cost (i.e., inventory holding costs + setup/ordering co, Wert Corporation uses a predetermined overhead rate based on direct labor cost to apply manufacturing overhead to jobs. XYZ Corporation operates in a market that produces a homogeneous good. c. goods have a low value-to-weight ratio. One of the reasons companies manufacture their products in China is because of the abundance of lower-wage workers available in the country. a. One production facility will usually be favored when a. a company is extremely profitable. The beer facility has a system efficiency of 90 percent, and the utilization is 80 percent. Can you provide an example why a business might not want to pursue global production? Excess capacity arises when firms cannot sell all of their output at the current market price. The cost of an aerobic digester system with a capacity of 140 million gallons per day (MGD) is $2.1 million. A standard work year is 2000 hours at the Luther Mill and it takes about an hour and a half to fill a customer order. Sample 1 Sample 2. Create an account to browse all assetstoday. The Besnier Company had $250 million of sales last year, and it had $75 million of fixed assets that were being operated at 80% of capacity. b. Identify the symbol and charge of the ions in this compound. You also know that the wage rate for w, Depreciation on Abel Manufacturing Company's factory machinery is classified as which of the following? 6. complete protection of intellectual property, 1. requires the expertise in the production of the component or raw material 2. control over quality b. BeginningoftheyearEndoftheyearAssets$60,000105,000Liabilities$20,00036,000. A) job shop production process B) small batch production process C) assembly-line production process D) continuous flow production process, A company has a factory that is designed so that it is most efficient (average unit cost is minimized) when producing 24,600 units of output each month. 6. trade policies 11.One production facility will usually be favored when a. b. demand is higher than the minimum efficient scale. Direct Labor Rate and Efficiency Variances The Woods Enterprises prepared the following standard costs for the production of one stuffed bear: Actual production costs for the production of 1,000 stuff, Volume-based rates produce inaccurate product cost when: a) A large share of factory overhead costs is volume-based. 5 percent. The production function for a productis given by Q=100KL. The machines operate on two 8-hour shifts. A forecasted increase in mental prices has encouraged the Delta Resource Company to consider the expansion of the capacity in one of its open pit mine operations in Nothern Ontario. c. investment is likely to increase. Identify four potential unethical actions or inactions related to capacity planning, and the ethical principle each violates. The standard quantity requ, Supose the marginal product of labor is currently equal to its average product. Enforcing contracts with foreign suppliers One production facility will usually be favored when _______. Item B is a component part of Item A which is a finished product ready for retail sales. b) achieving productive efficiency. The Dahlia Medical Center has 33 labor rooms,15 combination labor and delivery rooms, and 22 delivery rooms. Burning certain fuels results in solid waste such as ash, which must be stored and eventually disposed of properly. The comparison of the expected cost of production against the actual cost of production typically occurs in the A. investment center. Please click here to see any active alerts. & \text{Assets} & \text{Liabilities }\\ b. (xx4)dx\int\left(\frac{x}{x-4}\right) d x 100,000 shares are maintained as treasury stock and 1,400,000 shares are currently in circulation. A facility arrangement in which the product stays in one place and workers and machinery move to it as needed. 3. may not be able to gain the economies of scale that can be gained by a supplier that is able to pool the activity of a large number of firms Goods with high value-to weight ratios favor a single location to use advantages of centralized production, while with low value-to-weight products it's best to have many production facilities close to the places were these components are needed, Location production facilities for Products: 3 major considerations. Calculate the max 1. Consider the following two mutually exclusive alternatives, related to an improvement project, and recommend which one should be implemented. Some impacts vary based on the energy resourcefor example, whether the power plant uses fossil fuel or a renewable resource. Your father, who grew up in the home, wants to take out life insurance on your grandfather to pay off the mortgage rather than let the loan company take the property when your grandfather dies. Wrong answer is provided by testbank: When fixed costs are high, one production facility will be favored. d. fixed costs are low. Opportunities exist to improve the energy efficiency of power plants, as well as to locate electricity generation closer to end-users to reduce losses during electricity delivery. C. 8 percent. If the price of capital is $120 per day and the price of labor is $30 per day, what is the minimum cost of producing 1000 units of output? Ram Roy's firm has developed the following supply, demand, cost, and inventory data. - control over quality. How easily can product use be made? Using appropriate strategy framework(s) to graphically represent your answer and support your detailed argument: Carry out an Industry Analysis of the retail food sector in South Africa. In 1 week, a work center produces 75 standard hours of work. 8. political considerations, Considerations for location of facilities for products, 1. if product can serve the needs of all customers around the world all production facilities can be in one country, if product has to be customize then multiple production facilities will be needed The Megabuck Hospital Corp. is to build a state-subsidized nursing home catering to homeless patients as well as high-income patients. What does Kevin O'Neal, as an expatriate, bring to Dubai? All other trademarks and copyrights are the property of their respective owners. Last year saw 15,000 customer orders at the mill and the manager has a new John Battle Creek Cereal Company has four main products: Corn Flakes, Frosted Flakes, Bran Flakes and Strawberry Flakes. Which model would describe your behavior? Which of the following departments is not affected directly by the facilities' decision? entertainment, news presenter | 4.8K views, 28 likes, 13 loves, 80 comments, 2 shares, Facebook Watch Videos from GBN Grenada Broadcasting Network: GBN. Where is this information obtained? Ultimately that was Ford's undoing, and today's marketplace is no different. One production facility will usually be favored when a. fixed costs are low. Air pollution from burning fuel often includes carbon dioxide, sulfur dioxide, nitrogen oxides, mercury, and particulate matter. Production facilities refer to those spaces that contain equipment and buildings that are used by the organization to carry out their production process to produce finished goods. recently, the production facility has been producing A manufacturing shop is designed to operate most efficiently at an output of 860 units per day. True or false? Profits earned by producing goods and services in-house will go instead to suppliers An adjustable-rate mortgage contract should specify what?
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