What is the break-even point for option C?
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- Henri of Henri’s French Cuisine (HFC), a chain of twelverestaurants, is trying to decide if it makes sense to outsource thepurchasing function. Currently, Henri employs two buyers at anannual fi xed cost of $85,000. Henri’s estimates that the variablecost of each placed purchase order is $15. Value-Buy (VB), a groupof purchasing specialists, will perform the purchasing functionfor a fi xed annual fee of $100,000 plus $5 for each purchase orderplaced. Last year, HFC placed 1450 purchase orders.(a) Construct a base-case spreadsheet model that shows bothof these alternatives side-by-side. Use the same number oforders (stored in a single cell) to drive the calculations.(b) Using last year’s quantity of purchase orders, whichalternative would have been the better?(c) Use Goal Seek to fi nd the indiff erence point (where totalcosts are equal) between these two alternatives. (Hint: GoalSeek can work only with a single “Set cell.” Create a cell inyour model that computes the diff erence…Dr. Good wants to help his patients be healthy. In the past, he has allowed them to comeinto the office for free healthcare screenings and tests. He now has the opportunity toprovide free full-body CT scans and full gene mapping. The CT scan would normally costabout $4,000 and the gene mapping about $10,000. He is not certain whether he shouldoffer these new services. Most of the preventive tests and immunizations that headministered in the past were inexpensive but produced significant benefits. He thinks manyof his patients would take advantage of the new tests, but is it the right thing to do?Discussion Questions Would you recommend that Dr. Good offer the new tests? Why or why not?Dr. Good wants to help his patients be healthy. In the past, he has allowed them to comeinto the office for free healthcare screenings and tests. He now has the opportunity toprovide free full-body CT scans and full gene mapping. The CT scan would normally costabout $4,000 and the gene mapping about $10,000. He is not certain whether he shouldoffer these new services. Most of the preventive tests and immunizations that headministered in the past were inexpensive but produced significant benefits. He thinks manyof his patients would take advantage of the new tests, but is it the right thing to do?Discussion Questions 1. How is this an example of diminishing returns in healthcare?
- Your Boss is looking over a Breakeven Chart which you have prepared to portray the Cost Volume Profit relationship of proposed plan of operations. He comments, “The chart only tells me more we sell more profits we make.” What will be your reply? How will you convince your boss that BEP analysis is important for every organization, it gives a way to design production units and identifying profits and losses?Jill has decided that the BackPack Company must havevery good customer service. She has asked you to develop a levelaggregate plan using inventories but not back orders. All demandmust be met each period. You must:(a) Calculate the aggregate production rate.(b) Calculate the appropriate workforce given the aggregateproduction rate.(c) Show what would happen if this plan were implemented.(d) Calculate the costs of this plan.(e) Evaluate the plan in terms of cost, customer service,operations, and human resources.Assume you are the manager of a shop that assembles power tools. You have just received an order for 50 chain saws, which are to be shipped at the start of week 8. Pertinent information on the saws follows: Iten Lead Time (weeks) On Hand Sav 2 A B C 4202 D E 15 10 E(3) & E(2) LT=1 week Lot size: Lot-for-Lot Gross requirements Scheduled receipts Projected on hand Net requirements Planned order receipt Planned order release 5 65 20 10 30 Components A(2), B(1), C(4) E(3), D(1) Develop the material requirements plan for component E using lot-for-lot ordering for all items. (Leave no cells blank - be certain to enter "0" wherever required.) Beg: Inv D(2), (3) E(2), D(2) 2 9
- Let’s say that Glass For Sale, Inc. manufacturers replacement glass for the home remodelingindustry. In January, the company produces fifteen-thousand windows and ended the monthwith nine-thousand windows in inventory. Glass For Sale’s management team would like to develop a production schedule for the next three months. A smooth production schedule is obviously desirable due to the fact that it maintains the current workforce and provides a similar month-to-month operation. However, given the sales forecasts, the production capacities, and the storage capabilities as shown in Table two, the management teamdoes not think a smooth production schedule with the same production quantity each month is possible. The company’s cost accounting department estimates that increasing production by one window from one month to the next will increase total costs by one dollar for each unit increase in the production level. In addition, decreasing production by one unit from one month to the next…Henri of Henri’s French Cuisine (HFC), a chain of 12restaurants, is trying to decide if it makes sense to outsource thepurchasing function. Currently, Henri employs two buyers at anannual fixed cost of $85,000. Henri estimates that the variable costof each purchase order placed is $15. Value-Buy (VB), a group ofpurchasing specialists, will perform the purchasing function fora fixed annual fee of $100,000 plus $5 for each purchase orderplaced. Last year, HFC placed 1450 purchase orders.(a) What was the cost last year to HFC when doing thepurchasing in-house?(b) What would the cost have been last year had HFC usedValue-Buy?(c) What is the indifference point for the two alternatives?(d) If HFC estimates it will place 1600 purchase orders nextyear, should it use VB?(e) What additional factors should be considered by HFC?A small manufacturing produces certain product at a labor cost of $ 10.00 and material cost of $15 per unit. The fixed charges on the business are $10,000 a month, and variable costs businesse are $10,000 a month, and variable costs besides costs of materials and labor are $8.00 per unit. The products are sold wholesale at $63.00 each. 1) what is the breakeven sales volume of the company? 2) If for every 10 units produced comes out defective and has to be rejected with only full recovery of materials, what should be the break-even point sales volume?
- The term in the airline industry may be used to refer to s situation where an empty seat is recorded on a flight. Select one: a. Marginal cost b. Overhead cost c. Marginal loss d. Revenue loss Widner Industries reports annual sales of Ghc160 million, cost of goods sold of Ghc120 million, inventory of Ghc20 million, and net income of Ghc5 million. What is Widner's annual inventory turns? Select one: a. 8 turns per year b. 6 turns per year c. 0.17 turns per year d. 4 turns per yearDetermine which factor of production is needed in the following problem. 1.The ABM manufacturing Co.hired a gardener.He uses a lawn mower for landscaping.Which factor of production would you consider this machine? 2.The owner of the company withdrew cash for the salaries of thw employees.which factor of production would you consider cash on hand? 3.The top manager of the firm said "the great ideas,consepts and emotional determination of a person to produce something that consumers want to buy" is very important for the company.What factor of production describes the ability to create great ideas? 4.The farmers planted pineapple cutting in the vacant area located in their locality.Which factor of production would you consider a pineapple plantation?Acme Steel Fabricators experienced booming business forthe past five years. The company fabricates a wide range ofsteel products, such as railings, ladders, and light structuralsteel framing. The current manual method of materials han-dling is causing excessive inventories and congestion. Acmeis considering the purchase of an overhead rail-mountedhoist system or a forklift truck to increase capacity and im-prove manufacturing efficiency.The annual pretax payoff from the system depends on futuredemand. If demand stays at the current level, the probabilityof which is 0.50, annual savings from the overhead hoist willbe $10,000. If demand rises, the hoist will save $25,000 annu-ally because of operating efficiencies in addition to new sales.Finally, if demand falls, the hoist will result in an estimatedannual loss of $65,000. The probability is estimated to be 0.30for higher demand and 0.20 for lower demand.If the forklift is purchased, annual payoffs will be $5,000if demand is unchanged,…