Long-term capacity decisions that confront managers include all of the following except: a. workforce size b. capital c. equipment. The majority of electricity generation in the United States today is coordinated by regional system operators to ensure reliability. Recent flashcard sets. d. None of the above. entertainment, news presenter | 4.8K views, 28 likes, 13 loves, 80 comments, 2 shares, Facebook Watch Videos from GBN Grenada Broadcasting Network: GBN. e. is, Montegut Manufacturing produces a product for which the annual demand is 10,000 units. c) Large volumes of a product are manufactured. However, it has an absolute maximum output capability of 30,000 units per month, and can produce as li. The company's targets are high, and they are able to generate substantial profits. b)are a function of the level of variable costs. C) Price is below minimum average total costs. When a firm buys goods and services, it is relying upon suppliers on important dimensions such as quality, delivery, and cost; the profits that the company could earn by producing the goods and services in-house now go to the suppliers; Buying may also tip the balance of power in favor of suppliers. a) What design capacity would be needed to achieve an actual output o Our company's manufacturing facility uses work cells. Do what produces the greatest good. Monthly holding cost are 15%. Many companies partake in the process of capacity and facilities planning to meet a greater demand. Over a period of 4 weeks, a work center produced 50, 45, 42, and 52 standard hours of work. Will the company be able to raise the required funds without additional authorization, based on the information provided and your conclusion in the preceding section? Once in production, the PCB machine Jackson has increased staffing levels on some evenings (e.g., first of the month, standard paydays) to reduce patient waiting time. What did Dominy earn a master's degree in? The forecasted demand for fudge for the next four months is 220,150,110, and 70 pounds. b) Firms produce a diverse mix of products. b. Consider a four-step serial process with processing times given in the list below. The vast majority of the electricity that Americans use is from centralized generation. d. Dividends were $1,250 cash per month, and the owner invested an additional$35,000 cash in exchange for common stock. The machines operate on two 8-hour shifts. There is one machine at each step of the process and this is a machine-paced process. Determine the net income earned or net loss incurred by the business during the year for each of the following separate cases: a. Capacity Factor, Consider an apparel company in business of Fast Fashion (frequently changing trendy clothes). The amount of production possible under normal working conditions, including planned downtime and scheduled vacations, is called: A. actual capacity. The average safety capacity of Scorla Corp. is ____. As volume increases, unit costs decrease due to economies of scale and scope and learning curve effects. Each backpack has a gross profit of $40, a holding cost of $10, and a shortage cost of $15. Systematic capacity planning includes the following steps except: a. estimating future capacity requirements. The capacity is 0.4 unit per minut You observe a long line at C&A Bakery with customers leaving every 4 minutes. The process of assessing a company's ability to produce enough output to satisfy market demand is called capacity planning. What are the disadvantages? The line will operate for 450 minutes per day. Time spent in labor rooms varies from An aircraft manufacturer is developing a preliminary cost estimate for building a 300 MW fossil-fuel powerplant. The bank has 3 tellers and on average, it takes 2 minutes to service a customer. 1 percent. Browse through all study tools. A cost minimizing firm has the following production function for its product. hmoyes. The fatigue data for a steel is given below: |Stress Amplitude (MPa)|470|440|390|350|310|290|290|290 |Cycles to Failure|1x10^4|1x10^4|1x10^5|1x10^5|1x10^6|1x10^6|1x10^7|1x10^8 a. Johnson's Barbecue hut has the following December 31, 2011 balance What is the expected output for a plant with a design capacity of 108 chairs per day, if its effective capacity is 90 chairs and its efficiency is 90%? The company needs to raise $48,000,000,000 to expand its factory. False. Firm does not need to learn a new business Find the dimensions of the trough that give it maximum capacity. Process A uses one person to set up the job and do the copying. 30% c. 20% d. 50%. The firm employs six bookkeepers who cost the firm Pound 10,000 in total each week. One production facility will usually be favored when a. unemployment is very low b. demand is higher than the minimum efficient scale c. fixed costs are high d. good have a low value-to-weight ratio This problem has been solved! 2a- Proximity to customer markets, suppliers, Calculate the utilization and efficiency of the work center. a. The cost per unit of labor is w = 6 and the price per unit of output, Hourly demand: 70 items Maximum production rate: (850/3) items/hr. d. service work is more interesting, Binegar Manufacturing Corporation has a traditional costing system in which it applies manufacturing overhead to its products using a predetermined overhead rate based on direct labor-hours (DLHs). What are the inputs to CRP process? How much capacity does the restaurant have on a weekly basis and an annual basis in hours? The effective capacity of a system is only 60% of its design capacity and its actual output is 80 units a day. True Or False Although the long term goal in a just in time operating environment is to approach theoretical capacity, companies never operate at this level. A. True or false? \text{Beginning of the year} \ldots\ldots\ldots & \text{\$ 60,000} & \text{\$20,000}\\ A Printed Circuit Board (PCB) machine installs integrated circuits onto a board. Why? W Cooper's Copy Shop is considering two different processes for completing copying jobs brought in by customers. 2. Holding costs are $2.00 per unit per year. Each desk uses four units of wood, and each chair uses three units of wood. Explain the process of aggregate capacity planning in service businesses. Some impacts vary based on the energy resourcefor example, whether the power plant uses fossil fuel or a renewable resource. In a job shop, effective capacity is only 45 percent of design capacity, and actual output is 63 percent of effective output. 3. chantyreys. Now what? personality psychology midterm 2. D. profit center. Owner made no investments in the business, and no dividends were paid during the year. What are some of the pros and cons of pursuing identified community needs as part of a strategic planning process? How soon can it be delivered? How mu (a) What is the fundamental distinction between design capacity and effective capacity? One of the reasons companies manufacture their products in China is because of the abundance of lower-wage workers available in the country. Major consulting companies around the world have developed global supply-chain management consulting practices. The capacity of the production system defines a firm's competitive boundaries. Amy Xia's plant is designed to produce 7,000 hammers per day but is limited to making 6,300 hammers per day because of the time needed to change equipment between styles of hammers. Allow access to data and information in real time - the firm may not be able to gain the economies of scale that can be gained by a large supplier b. The comparison of the expected cost of production against the actual cost of production typically occurs in the A. investment center. copyright 2003-2023 Homework.Study.com. Currently, two production lines are in place for making bronze and plastic sprinklers. Execute all transactions related to the firm's business processes being integrated a. d. strategy. 6. complete protection of intellectual property, 1. requires the expertise in the production of the component or raw material A foreign wholesaler offers to purchase 2,000 scales at $15 each. A. lagging capacity behind demand B. building on shared experience C. fo One production facility will usually be favored when _______. The company does not make the gears it uses in its products, it, purchases them from a supplier in Hong Kong. What is the capacity of this system? Your grandfather is retired and has taken out a large mortgage against his home to support his lifestyle. The hours scheduled are 80, and 72 hours are actually worked. The average monthly fixed cost per site is RM 25,500, while each unit cost RM 78 to produce and selling price is RM 180 per unit. There is a machine at each step of the process, and this is a machine-paced process. As an alternative to landfills, incineration offers the following advantages: #1 Far more efficient use of space. Overhead cost is applied on the basis of standard direct labor-hours. B. Suppose the firm can hire at a wage of $40 per hour and output can be sold at $10 per unit. Cost of regular production = 60 $/u Cost of overtime production = 90 $/u Inventory holding cost =, A company uses a standard costing system. Determine the term being described or defined by the following statement: The amount of production possible under ideal conditions with no time for maintenance, breakdowns, or absenteeism. its costs are C(x,y,z) = 3200 + 0.4x + 0,2y + 8y^2 + 0.8z . 20 terms. Input purchase costs are lower due to economies of scale and lower costs achieved by global sellers of components, 1. Gross margin. c. developing alternative strategies for addressing ga A computer repair service has a design capacity of 80 repairs per day. e. goods have a low value-to-weight ratio. What is the utilization rate? This strategy also changes the organizational structures of companies. What kind of staffing approach is being used by Dubai? If the good is exported around the world at a pr, Antuan Company set the following standard costs for one unit of its product.The predetermined overhead rate $18.50 per direct labor hour is based on an expected volume of 75% of the factory's capacity, Sherfield Company uses a normal costing system, applying overhead using a single plant-wide rate. During the month, the, A small computer manufacturing company forecasts the demand over the next n months to be In any month it can produce r units, using regular production, at a cost of b dollars per unit. a. Who did Floyd Dominy marry? What design capacity would be needed to achieve an actual output of 17 Material delays have routinely limited production of household sinks to 400 units per day, plant efficiency is 80%, what is effective capacity? d. the price r, A firm manufactures a product according to the production function: . Discuss the major considerations related to developing capacity alternatives. Explain how capacity utilization affects product mix and profitability. Software packages designed, To integrate the majority of a firm's business processes 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 Based on 4 documents. One production facility will usually be favored when a. fixed costs are low. Although the facility can complete the entire production . Calculate the marginal and average products of labor when the level of capital is fixed at 16 and the firm use. True or false? 7. financial considerations A value equal to the capacity. -most of the activities can be grouped into 4 business functions sinks per day ? Capacity planners must keep a narrow focus in order to stay on track. During the month the company purchased and used 600 units of this material at a price of $2.25 per unit. A manufacturer of a printed circuit boards has a design capacity of 1000 boards per day. copyright 2003-2023 Homework.Study.com. As an end-to-end biomanufacturing facility, the Biologics Manufacturing Centre has the capacity to complete the entire vaccine production process - from producing the antigen that causes an immune response, to filling vials and getting them ready for shipping to their final destination. Under what conditions would Zona Co.'s subsidiary consider using a leading strategy to reduce transaction exposure? Let the cost function c (w, r, y) of a firm give the minimum cost of producing y units of output using labor input, L, and capital input, K, when w is the wage (i.e. a. One production facility will usually be favored when a. a company is extremely profitable. Unit 3 Practice Test. b. tends to increase the unemployment rate. In 1 week, a work center produces 75 standard hours of work. Share sensitive information only on official, secure websites. Expert Answer when the 2. production Which of the following would be one of his responsibilities? When capacity utilization rate is high: a. the rate of interest is likely to decrease. Ultimately that was Ford's undoing, and today's marketplace is no different. By using overti, You would like to construct an aggregate production plan for product X341 for the next four quarters. (a) a company is extremely profitable (b) demand is higher than the minimum efficient scale (c) unemployment is very low (d) fixed.

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