ment Hart Manufocturing makes three pmducts, Each product requires ma.pdf

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Lower-of-Cost-or-Market Method On the basis of the following data, determine the value of the inventory at the lower-of-cost-or-market by applying lower-of-cost-or-market to each inventory item, as shown in Exhibit 10. Exhibit 10 Determining Inventory at Lower of Cost or Market (LCM).

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ment Hart Manufocturing makes three pmducts, Each product requires manufacturing
operotions in The labor-hour requirements, by department, ore as folows: begin{tabular}{|cccc|}
hline Department & Product 1 & Product 2 & Product 3 hline A & 3.00 & 2.00 & 1.50 B &
1.00 & 2.50 & 2.00 C & 0.25 & 0.25 & 0.25 hline end{tabular} During the next production
period the labor-hours available are 450 hn ceparment A,350 in do C. The prefit contributions
per unit are =28 for product 1,$30 for produch 2 , and $25 for prode (a) Formulate a linear
programming madel for maximizing total profit contribution. If the constant is " 1 " it must be
entered in the box. If required, round your answers to twe Let Pi - units of product I produced (c)
After evaluating the sclutian obtained in pot (b), onc of the produrtion supervisars noted not veen
taken into account. She noted that setup costs are $600 for product 1,$550 for If the solution
developed in cat (b) is to be used, what is the total profit contribution afte wsts? (d) Mariagement
realized that the odtimal product mix, taking setup costs into account, might recommended in
part (b). Formulate a mixed-integer linear program that takes sctup cost Management also stated
that we should not consider making more than 175 units of prodd 140 units of product 3 . What
are the new objective function and additional equation const If the constant is " 1 " it must be
entered in the box. Let yi is one if any quantity of product I is produced and zero otherwise.

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1. What is operations management? Why is it important? Is a good knowledge of operations management more important in service or manufacturing industries? Explain your answer. 2. Discuss the use of PERT/CPM techniques for managing projects. Describe what PERT/CPM does. Discuss advantages and disadvantages of using it. What other techniques might you choose to manage your project? 3. What are economies of scale in a manufacturing plant? Do they continue forever? What are diseconomies of scale? How might you decide the optimal size of a plant? 4. What, in your opinion are the 3 most important issues in supply chain management. Discuss why you think these are the key issues. 5. Discuss why (or if) inventories are necessary. What are the benefits of inventories? What are the disadvantages of holding inventories? Problem Questions 1. Thermostats are subjected to rigorous testing before they are shipped to air conditioning technicians around the world. Results from the last five samples are shown in the table. Draw and R Chart and an x-bar chart. Based on the charts, is the process under control? (20 Points) Observations Sample12345 1 73.5 70.8 72.2 73.6 71.0 2 71.3 71.0 73.1 72.7 72.2 3 70.0 72.6 71.9 72.4 73.3 4 71.1 70.6 70.3 74.2 73.6 5 70.8 70.7 70.7 73.5 71.1 Answer 1: 2. A professor records the number of students who complain each week throughout the semester. If the class size is forty students, what are 3-sigma control limits for this class? Construct a control p-chart and interpret the data. Is the process in control? (20 points) Week number Complaints 1 5 2 2 3 7 4 1 5 3 6 2 7 8 8 1 9 3 10 5 11 4 12 6 13 3 14 1 15 4 Answer 2: 3. A department store chain is designing a layout for a new store. The store manager wants to provide as much convenience as possible for her customers. Based on historical data, the number of trips between departments per hour is given in the following closeness matrix. A block plan showing a preliminary layout is also shown. Closeness Factors (Trips per hour) 1/O 2/S 3/H 4/T 5/A 6/E 1. Office Supplies (O) --- 40 100 50 20 10 2. Sporting Goods (S) --- 100 80 60 80 3. Hardware (H) --- 70 100 50 4. Toys (T) --- 70 90 5. Automotive (A) --- 60 6. Electronics (E) --- 1. OFFICE SUPPLIES 2. SPORTING GOODS 3. HARDWARE 4. TOYS 5. AUTOMOTIVE 6. ELECTRONICS Customer travel between departments is restricted to the aisles shown in the block plan as dotted lines. CALCULATIONS TABLE: Dept. Pair Closeness Factor (w) Original Distance (dO) w dO Revision #1 Distance (d1) w d1 1 – 2 1 – 3 1 – 4 1 – 5 1 – 6 2 – 3 2 – 4 2 – 5 2 – 6 3 – 4 3 – 5 3 – 6 4 – 5 4 – 6 5 – 6 TOTAL Complete the calculations and fill in the table above. Based on the table above answer the following questions. a) What is the total expected weighted-distance score between Office Supplies and ...

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Problem 1 (ch 23)Victoria Falls Flour Mill Company started many years ago producing a single product. It has grown to produce many diverse consumer products ranging from foods to paper goods. Currently, the corporation is barely making a profit, and the price of its stock has languished. Division managers have traditionally been incentivized with stock options and awards. However, management is evaluating a new bonus plan based on segment profits within each division. Below are 20X4 facts about the Sugar Products Division, which generates 10% of overall corporate revenue. The Sugar Products Division has two key products - raw sugar and candy.Total sales of raw sugar and candy$ 45,750,000Traceable, controllable, sugar division fixed costs10,250,000Traceable, uncontrollable, sugar division fixed costs3,600,000Non-traceable, controllable, sugar division fixed costs1,500,000Non-traceable, uncontrollable, sugar division fixed costs1,750,000Variable selling, general, & administrative costs9,050,000Variable product costs21,700,000General corporate expenses for all divisions8,000,000Prepare a contribution income statement for the aggregated Sugar Division (one column). If the division manager is to be evaluated on controllable contribution margin, would the Sugar Division manager appear to be entitled to a bonus? &L&"Arial,Bold"&20 &R&"Myriad Web Pro,Bold"&20B-23.05 B-23.05 Worksheet 1 (ch 23)20X4 Divisional Report for Sugar ProductsContribution Income StatementSales$ 45,750,000Less: &L&"Myriad Web Pro,Bold"&12Name: Date: Section: &R&"Myriad Web Pro,Bold"&20B-23.05 B-23.05 Problem 2 (ch 23)Downhill Manufacturing produces snow skis in a two-step production process - cutting and laminating. The manufacturing center is supported by two service centers - a health clinic and a janitorial service. The following table reveals certain facts about each activity:Health clinicJanitorial serviceCutting departmentLaminating departmentEmployees241015Square footage1,20060012,0008,000Cost incurred$ 180,000$ 125,000$ 700,000$ 800,000(a)Using the direct method, allocate the service department costs to production. The clinic costs are to be allocated based on employees, and the janitorial costs are to be allocated based on the square footage.(b)Using the step method, allocate the service department costs to production. The clinic costs are to be allocated based on employees, and the janitorial costs are to be allocated based on the square footage. The first step will be to allocate clinic costs. The clinic employees maintain their space and do not rely upon the janitorial service. However, janitorial employees occasionally sustain an injury and utilize the clinic. B-23.08 Worksheet 2 (ch 23)(a)Health clinicJanitorial serviceCutting departmentLaminating departmentCost incurred$ 180,000$ 125,000$ 700,000$ 800,000Clinic allocation----Janitorial allocation----Total cost$ -$ -$ -$ -Clinic allocations:Jani.

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Mars Ltd is a manufacturer of various types of furniture units. Recently one of its large customers, Zebra Ltd has offered a contract to Mars Ltd for the supply of 700 units. Below are the details for the production of each unit: Material requirements: 6kg of Material A4kg of Material B Note 1: Currently 1,200 kg of Material A is held by the business and it is regularly used by the business. This material of was originally bought for 6 per kg. It would cost 12 per kg to replace it. Sales value is 11 per kg. Note 2: Currently 1,700 kg of Material B is held by the business. This material was originally bought for 24 per kg. The material is not currently used by the business and its scrap value is 9 per kg. The only foreseeable alternative use is as a substitute for material D (in constant use) but this would involve further processing cost of 5 per kg. The current buying cost of material D is 16 per kg. Replacement cost for material B is 18 per kg. Skilled labour: Each unit requires 5 hours of skilled labour. It is currently paid at a rate of 18 an hour and skilled labour is hired on a permanent basis. 1,700 hours can be provided by members of staff who currently have no work to do due to a quiet time. Only taking staff off other work can provide the remaining hours needed for this new project. This other work is charged out to customers at 70 an hour. Semi-skilled labour: Each unit requires 8 hours of semi-skilled labour. It is currently paid 99 per hour. If the required semi-skilled labour for this project is provided by the existing members of staff who are busy, the business will have to hire new employees at a rate of 14 per hour. Overheads: It is Mars's policy to charge a share of the general costs (rent, heating and so on) to each contract undertaken at the rate of 5 for each skilled labour hour used on the contract. If this project is undertaken, the general costs are expected increase by 3,300 as a result of undertaking the contract. Required Calculate the minimum price at which the contract could be undertaken by Mars Ltd. For each part. you should clearly show supporting workings and provide a brief explanation for your choice.(Total: 18 marks).

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Makine Dakikalar Makine Dakikalar Sa fras Tablo 3-3'e bakn. Zimbabwe ve Portekiz'in her birinin 180 makine dakikas olduunu varsayalm. Her lke zamann di fras ve sa fras retimi arasnda eit olarak blerse, toplam retim A. 24 di fras ve 12 sa fras. B. 48 di fras ve 24 sa fras. C. 96 di fras ve 48 sa fras. D. 720 di fras ve 1440 sa fras. 29. Tablo 3-3'e bakn. Portekiz 30 dakikada aadaki di fras ve sa fras kombinasyonlarndan hangisini retebilir? A. 1 di fras ve 4 sa fras B. 4 di fras ve 2 sa fras C. 5 di fras ve 6 sa fras D. 6 di fras ve 5 sa fras 30. Tablo 3-3'e bakn. Aadaki di fras ve sa fras kombinasyonlarndan hangisini Zimbabwe 120 dakikada retemez ? A. 5 di fras ve 11 sa fras B. 10 di fras ve 9 sa fras C. 20 di fras ve 6 sa fras D. 30 di fras ve 3 sa fras 31. Tablo 3-3'e bakn. Zimbabwe'de bir sa frasnn frsat maliyeti A. 3/10 di fras ve Portekiz'in bir sa frasnn frsat maliyeti 5/6 di frasdr. B. 3/10 di fras ve Portekiz'in bir sa frasnn frsat maliyeti 6/5 di frasdr. C. 10/3 di fras ve Portekiz'in bir sa frasnn frsat maliyeti 5/6 di frasdr. D. 10/3 di fras ve Portekiz'in bir sa frasnn frsat maliyeti 6/5 di frasdr . 32. Tablo 3-3'e bakn. Zimbabve'nin di fras retimini yzde 10 artrmaya karar verdiini varsayalm. Bu kararn frsat maliyeti nedir? A. 0.3 sa fras B. 3 sa fras C. 30 sa fras D. 100 sa fras 33. Tablo 3-3'e bakn. Zimbabve, retiminde mutlak bir stnle sahiptir. A. di fralar ve di fras retiminde karlatrmal bir avantaj. B. di fralar ve sa fras retiminde karlatrmal stnlk. C. sa fralar ve di fras retiminde karlatrmal stnlk. D. sa fralar ve sa fras retiminde karlatrmal stnlk Tablo 3-3'e bakn. Portekiz, retiminde mutlak stnle sahiptir. A. di fralar ve di fras retiminde karlatrmal stnlk. B. di fralar ve sa fras retiminde karlatrmal stnlk. C. sa fralar ve di fras retiminde karlatrmal stnlk. D. sa fralar ve sa fras retiminde karlatrmal bir avantaj. 35. Tablo 3-3'e bakn. Zimbabwe ve Portekiz'in her birinin 60 makine dakikas olduunu varsayalm. Balangta, her lke zamann di fras ve sa fras retimi arasnda eit olarak bld. Artk her lke tm zamann karlatrmal stnle sahip olduu mal retmekle geiriyor. Sonu olarak, toplam kt artt A. 4 di fras ve 2 sa fras . B. 10 di fras ve 5 sa fras. C. 16 di fras ve 8 sa fras. D. 20 di fras ve 10 sa fras. 36. Tablo 3-3'e bakn. Zimbabwe'nin bir di frasnn frsat maliyeti u ekilde deiirse, Zimbabwe ve Portekiz ticaretten kazan salayamaz . A. 0 soutucu. B. 5/6 souk e r. C. 6/5 soutucu. D. Zimbabwe ve Portekiz, frsat maliyetleri ne olursa olsun ticaretten her zaman kazan salayabilir. Makine Dakikalar 1 yapmak iin gerekli Makine Dakikalar 1 yapmak iin gerekli Di fras Sa fras Zimbabve 3 10 Portekiz 5 6.

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