There are two Food Champions, each capable of handling 100 orders per hour. How long should it take to be served by the restaurant (from the time a customer enters the kiosk queue until her food is delivered)? Use queuing models to estimate this. λ=Arrival Rate μ=Service Rate Based on M/M/1 Model So, λ=360040=90 Customers per hour μS (Service Champion)= 120 Customers per hour μF (Food Champion)= 200 Customers per hour Now, we need to calculate Average Total Time spent by customer in complete system: Ls (Service Champion) =λμ-λ Ls = 90120-90=3 Customers Ws (Service Champion) = Lsλrnote Ws = 390=0.033 hour or 2 min or 120 sec Ls (Food Champion) =λμ-λ Ls = 90200-90=0.82 customer Ws (Food Champion) = Lsλ Ws = 0.8290=0.009 hour or 0.54minor32.72sec ∴Total Average Time=WService+ WFood =120+32.72=152.72 seconds 3. On average, how busy are the Customer Service Champions and the two Food Champions?
Sesame Street Pampers are expected to sell on the premium end of the market. Retail prices for disposable diapers range from $.25 to $.40 each. This is a very profitable category for retailers as they generally take a 50-60% margin. Disposable diaper manufacturers generally make about a 40% margin. P&G has capacity to produce about 5 million Sesame Street Pampers per year.
|Planning Budget | |For the Month Ended January 31 | | | | |Budgeted meals served (q) | 1,500 | | | | |Revenue ($12q) |$18,000 | |Expenses: | | | Cost of ingredients ($3.50q) |5,250 | | Wages ($7,500) |7,500 | | Utilities ($600 + $0.20q) |900 | | Rent ($2,500) | 2,500 | |Total expense | 16,150 | |Net operating income |$ 1,850 | | | | Part (b) Solution (Learning Objective
A CASE STUDY Activity-based Costing and Pricing Submitted by: Maryland Tano August 24, 2011 Requirements: 1. Using direct labor-hours as the base for assigning manufacturing overhead cost to products, do the following: a. Determine the predetermined overhead rate that will be used during the year. Data given: * Estimated manufacturing overhead cost $ 2,200,000 * Direct labor hours 50,000 hours Answer: Predetermined overhead rate = $ 2,200,000 = $ 44 per DLHs 50,000 hrs b. Determine the unit product cost of one pound of the Kenya Dark coffee and one pound of the Viet Select coffee.
The data is read as follows: • The total demand for the six months is 4650 units. • The current inventory is 50 and • The target inventory for the end of the six month is 25, • This is where we have to reduce the required production for the six months So, we have no we should have 4625, brought on by (4650-25). The rest of the formula goes like this: 4625/ 6 months = 771. And this will be the required number of pumps needed monthly. Next is the number of pumps one employee can produce in one month.
(five points)60+40+30 = 130 300-130 = 170 170/130 = 131%Problem 2 - Better Food Company recently acquired an olive oil processing company that has an annual capacity of 2,000,000 liters and that processed and sold 1,400,000 liters last year at a market price of $4 per liter. The purpose of the acquisition was to furnish oil for the cooking division. The cooking division needs 800,000 liters of oil per year. It has been purchasing oil from suppliers at the market price. Production costs at capacity of the olive oil company, now a division, are as follows: Direct materials per liter | $1.00 | Direct processing labor | 0.50 | Variable processing overhead | 0.24 | Fixed processing overhead
The paper is worth 50 marks, there are two sections and you have 60 minutes. This means that you should be: • Spending 30 minutes on each section – roughly one minute per mark. • Leaving yourself at least 5-10 minutes to complete the final 6-mark question. Websites to help http://www.revisionworld.co.uk/gcse/geography/population (Population) http://www.bbc.co.uk/schools/gcsebitesize/geography/population/ (Population) Section 1 – The Human World – Population Change Things to know 1) Describe and explain the growth and distribution of global population. 2)
The Effect of Fast Food Restaurants on Obesity Janet Currie, Stefano DellaVigna, Enrico Moretti, and Vikram Pathania NBER Working Paper No. 14721 February 2009, Revised October 2009 JEL No. I1,I18,J0 ABSTRACT We investigate the health consequences of changes in the supply of fast food using the exact geographical location of fast food restaurants. Specifically, we ask how the supply of fast food affects the obesity rates of 3 million school children and the weight gain of over 3 million pregnant women. We find that among 9th grade children, a fast food restaurant within a tenth of a mile of a school is associated with at least a 5.2 percent increase in obesity rates.
Product line was available in 40 countries. The company employed around quarter million staff and make approximately $50 billion in sales every year. The company’s product lines were organized in four main areas: cooking and eating, beauty and style, healthy living, and around the house. Unilever adopted decentralized marketing campaign that suit individual cultures and their unique subsidiaries requirements. The company’s branding policies had been considerably modified; with newly designed logo adorned the packages.
The Clean Clothes Laundry Corner Shawn Morris MG585 - Managerial Decisions September 20, 2013 Dr. John Theodore The Clean Clothes Laundry Corner (A) What is Molly’s current monthly volume? Molly’s fixed costs are $1,700 per month, and her variable costs are $0.25 per item, in which Molly is charging $1.10 per clothing item. Molly’s current monthly volume is 2,000 items. The answer was derived by using the following equation: $1,700 ÷ (1.1 – $0.25) = 2000 (B) If Molly purchases the new equipment, how many additional items will she have to dry-clean each month to break even? Using information given in question C, the $16,200 in new machinery will be divided up over 36 months.