subject
Business, 15.07.2021 06:10 kotzdude

The Columbia Manufacturing Company’s sales manager has produced the following sales forecast for next year and the production manager has provided additional information listed below.
Product Family Q1 Q2 Q3 Q4
A 250 350 500 125
B 150 225 360 75
Product Family A:
• Two direct labor hours per unit of product
• Setup cost equals $700 if the product is produced in a quarter
• Setup time equals eight direct labor hours
• Inventory carrying cost per quarter equals $1.50 per one direct labor hour of work left in
inventory at the end of the quarter
• Materials cost equals $70 per direct labor hour of production
• Beginning inventory is zero units
Product Family B:
• One direct labor hour per unit of product
• Setup cost equals $600 if the product is produced in a quarter
• Setup time equals ten direct labor hours
• Inventory carrying cost per quarter equals $1 per one direct labor hour of work left in inventory at
the end of the quarter
• Materials cost equals $50 per direct labor hour of production
• Beginning inventory is zero units
Additional Factors:
• Hiring cost per employee equals $1,500
• Firing cost per employee equals $500
• Overtime cost per direct labor hour equals $15
• Regular time cost per direct labor hour equals $10
• The maximum number of regular time hours to be worked per employee per quarter equals 520
• Employees may not work more than 25% of the regular time hours on overtime each quarter
• The company currently has 2 manufacturing workers at the beginning of quarter 1.
Formulate and solve a mixed-integer program to generate a production plan that minimizes the total cost over
the next year

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 05:00, and7393
Xie company identified the following activities, costs, and activity drivers for 2017. the company manufactures two types of go-karts: deluxe and basic. activity expected costs expected activity handling materials $ 625,000 100,000 parts inspecting product 900,000 1,500 batches processing purchase orders 105,000 700 orders paying suppliers 175,000 500 invoices insuring the factory 300,000 40,000 square feet designing packaging 75,000 2 models required: 1. compute a single plantwide overhead rate, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours. 2. in january 2017, the deluxe model required 2,500 direct labor hours and the basic model required 6,000 direct labor hours. assign overhead costs to each model using the single plantwide overhead rate.
Answers: 3
image
Business, 22.06.2019 08:00, maddison788
Shrieves casting company is considering adding a new line to its product mix, and the capital budgeting analysis is being conducted by sidney johnson, a recently graduated mba. the production line would be set up in unused space in the main plant. the machinery’s invoice price would be approximately $200,000, another $10,000 in shipping charges would be required, and it would cost an additional $30,000 to install the equipment. the machinery has an economic life of 4 years, and shrieves has obtained a special tax ruling that places the equipment in the macrs 3-year class. the machinery is expected to have a salvage value of $25,000 after 4 years of use. the new line would generate incremental sales of 1,250 units per year for 4 years at an incremental cost of $100 per unit in the first year, excluding depreciation. each unit can be sold for $200 in the first year. the sales price and cost are both expected to increase by 3% per year due to inflation. further, to handle the new line, the firm’s net working capital would have to increase by an amount equal to 12% of sales revenues. the firm’s tax rate is 40%, and its overall weighted average cost of capital, which is the risk-adjusted cost of capital for an average project (r), is 10%. define “incremental cash flow.” (1) should you subtract interest expense or dividends when calculating project cash flow?
Answers: 1
image
Business, 22.06.2019 20:00, ethanyayger
Acompetitive market in healthcare would a. overprovide healthcare because the marginal social benefit of healthcare exceeds the marginal benefit perceived by consumers b. underprovide healthcare because it would eliminate medicare and medicaid c. underprovide healthcare because the marginal social benefit of healthcare exceeds the marginal benefit perceived by consumers d. overprovide healthcare because it would be similar to the approach used in canada
Answers: 1
image
Business, 22.06.2019 21:30, marlenerojas201
Which of the following is one of the five fundamental questions? which products will be in scarce supply and which in excess supply? who should appoint the head of the central bank? how much should society save? correct what goods and services will be produced?
Answers: 1
You know the right answer?
The Columbia Manufacturing Company’s sales manager has produced the following sales forecast for nex...

Questions in other subjects:

Konu
Physics, 07.12.2020 18:10