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- Adidas is an athletic company designs and manufacturesseveral athletic things. Football is one of the company'sproducts that sells for $40 per unit. Total fixed costs relatedto the manufacturing of the football are $150,000 per monthand variables costs involved in manufacturing are $ 15 per unit. 1-Compute the number of footballs to be sold to earn atarget profit of $30.000.?Determine whether the following is a feasible sales and operations plan. Assume that the company has 56,000labor hours available during the next planning period time horizon. Product Units Demanded Standard Hours (in hours/unit) A 14,000 0.95 B 35,000 0.95 C 5,500 1.70 D 28,500 0.20 The total labor hours required by these four products for the next quarter is ______ (Enter your response as a whole number.)Which statement is true? A. In the Service (Productt) Processs matrix, the degree of labor intensity refers to the ratio of labor cost to total cost. B. In the Service (Productt) Processs matrix, capital intensive services such as airlines and hospitals are grouped under the service category Masss Service. C. In the Service (Productt) Processs matrix, volume refers to the volume of business generated from new customers in the previous month. D. The Service (Productt) Processs matrix offers no place for large, capital-intensive businesses with 24/7, continuous production.
- An all-you-can-eat buffet invites various types of customers. The ones whovalue food at $20 but eat only for $5 and the hungry ones who value the buffetat $40 and eat $20. If the restaurant gets 100 customers of each type a dayhow much revenue will the restaurant get? Show breakdown(a) Model the problem of maximizing next months profit as a linear program and solve it. Reportboth your LP and optimal solution in your submission. (b) Find the Shadow Price of each of the three processes as they relate to your optimal solutionand report them here. Describe how you found the prices and identify the units for each price. (c) Management is considering hiring some extra inspection time, but the union requires thatinspectors are paid $12 per hour. Will it be profitable to hire another man-hour of inspectioncapacit at a price of 12 dollars? How do you know? (d) At what price would should be willing to rent 1 machine-hour of vibration to a competingproducer? How many machine-hours can be rented out before your optimal solution changes.(a) Model the problem of maximizing next months profit as a linear program and solve it. Reportboth your LP and optimal solution in your submission. (b) Find the Shadow Price of each of the three processes as they relate to your optimal solutionand report them here. Describe how you found the prices and identify the units for each price. (c) Management is considering hiring some extra inspection time, but the union requires thatinspectors are paid $12 per hour. Will it be profitable to hire another man-hour of inspectioncapacity at a price of 12 dollars? How do you know? (d) At what price would be willing to rent 1 machine-hour of vibration to a competingproducer? How many machine-hours can be rented out before your optimal solution changes.
- You are selling a new line of T-shirts on the boardwalk. The selling price will be $25 per shirt. The labor cost is $5 per shirt. The administrative costs of operating the company are estimated to be $60,000 annually, and the sales and marketing expenses are $20,000 a year. Additionally, the cost of materials will be $10 per shirt. What is the break-even quantity? Multiple Choice 2,000 shirts 3,200 shirts 5,334 shirts 8,000 shirts 16,000 shirtsWell water inc. wants to produce and sell a new flavored water in order topenetrate the market, the product will have to sell at 2.60 per 12 oz bottle thefollowing data has been collected: Annual sales 50,000 bottlesProjected selling and administrative costs 8,000Desired profit 80,000The target cost per bottle is _____ per bottle (2 decimal places)The manager of Arbor, Incorporated, is considering raising its current price of $50 per unit by 10%. If she does so, she estimates that demand will decrease by 30,000 units per month. Arbor currently sells 100,000 units per month, each of which costs $35 in variable costs. Fixed costs are $1,200,000. Assume the manager does not know how much demand will drop if the price increases. By how much would demand have to drop before the manager would not want to implement the price increase?
- The owner of a large machine shop has just finished its financial analysis from the prior fiscal year. The following is an excerpt from the final report Net revenue $ 343,000 Cost of goods sold 302,000 Value of production materials on hand 42,500 Value of work-in-progress inventory 69,000 Value of finished goods on hand 28,000 Compute the inventory turnover ratio (ITR). (Round 1 decimal place) Compute the weeks of supply (WS) (Do not round immediate calculation. Round 1 decimal place). What can Chobani do to gauge market demand for Greek yogurt and for pafticular flavors and products in its own product line? ldentify at least three specific ideas. 3. Chobani's equipment runs for l0 hours and must be idle for four hours while being cleaned. lts plants operate day and night, all week long. What are the implications for the company's purchasing, inventory control, scheduling, and quality control functions? 234 ::";,;11,f, }i Management and OrganizatronThe Unique Toys Company manufactures and sells toys. Currently, 300,000 units are sold per year at $12.50 per unit. Fixed costs are $880,000 per year. Variable costs are $7.00 per unit. Consider each case separately: Required: 1. A 10% increase in variable cost. 2. A 10% decrease in fixed costs, a 10% decrease in selling price, a 10% increase in variable cost per unit, and a 25% increase in units sold.