Total material cost for each doll is approximately $3.50; she has to invest $20 in the necessary supplies (expendables) per day; energy costs are assumed to be only $4.00 per day; and she thinks she should be making $10 per hour for her time. Viewing this from a total (multifactor) productivity perspective, what is her productivity at present and with the new paint? Problem 4: How would total (multifactor) productivity change if using the new paint raised Ms. French’s material costs by $0.50 per doll? Problem 5: If
Now, Variable Expenses = $18.75 Thus, Unit CM= $30 - $18.75 = $ 11.25 CM ratio= unit contribution margin/selling price = 0.375 Unit sales to break even= Fixed Expenses/Unit CM 13,3333 pairs of shoes Dollar sales to break even= Fixed expenses/ CM ratio = $150000/0.375 = $400,000 in sales 5. Refer to the original data. As an alternative to (4) above, the company is considering paying the store manager 50 cents commission on each pair of shoes sold in excess of the break-even point. If this change is made, what will be the shop's net operating income or loss if 15,000 pairs
a. Formulate the linear programming model for this problem and solve graphically. b. How much extra (i.e. surplus) high-, medium-, and low-grade aluminum does the company produce at the optimal solution? c. What would be the effect on the optimal solution if the cost of operating mill 1 increased from $6,000 to $7,500 per day?
The rugs sell for $2,000 each in the United States. a. What are the total labor costs involved in making these 12 rugs? (4 points) $24,000 - $990 = $23,010 This company makes $23,010 profit ever year. c. If a team of three workers in the United States, each making the federal minimum wage, produced these 12 rugs, what would the total labor costs be?
Outsource painting of motors 2. Upgrade process to e-coating 3. Optimize new space from old gutted paint station -Quantitative Analysis Rondot Worldwide(RW)/Automotive(RA)/Jackson Plant(JP) * Operates in more than 100 countries (RW) * Employs more than 200,000 people(RW) * Operates in 25 countries(RA) * Operates 85 plants(RA) * Produces Approximately 7 million motors per year(JP) * # of employees dropped from 1450 to 600(JP) * Quality specifications, motors must withstand 240 hours of salt spray testing. Outsourcing Opportunity (Continuous-flow wet paint system specs) * Installed 17 years ago * Uses 20,000-square-foot section of the plant * 25 cent operation cost per housing due to * 10 cent material cost * 3 cent labor cost * 12 cent overhead cost (tax, energy, maintenance, corporate fees) Greven E-Coating * Fits ⅚ of the the families of housings (60% of housing volume) * 15 cent cost each to install -Qualitative Analysis Randot worldwide was evaluating an important outsourcing opportunity collecting important information for
At that time "footwear in the US is a 40 billion dollar market and 5% of that is already being sold by paper mail order catalogs," Hsieh and Lin decided to invest $500,000 through their investment firm Venture Frogs. The company was officially launched in June 1999, under the original domain name "ShoeSite.com". A few months after their launch, the company changed their name from ShoeSite to Zappos (a variation of "zapatos," the Spanish word for "shoes") not to limit themselves to selling only footwear. After minimal gross sales in 1999, Zappos revenue in 2000 was $1.6 million. In 2001, Zappos more than quadrupled their yearly sales, bringing in $8.6 million.
They were also able to lower their shipping cost of bulky items such as furniture by having it disassembled to maximize the use of space inside their shipping containers. b. Delivery Speed “Make the Product or Deliver the Service Quickly” - Ikea strives to deliver the number of goods to the right stores at the right time. They calculate the goods requirement and make sure that deliveries are efficient. c. Environmental Impact - Part of Ikea’s environmental considerations is making their mugs lead and cadmium free.
The company has 60 hours available each week for molding. After the tiles are molded they are baked in a kiln: 0.27 hour for a batch of 100 larger tiles and 0.58 hour for a batch of l00 smaller tiles. The company has 105 hours available each week for baking. After baking, the tiles are either colored or patterned and glazed. This process takes 0.16 hour for a batch of 100 larger tiles and 0.20 hour for a batch of 100 smaller tiles.
1. It will take Kristen's Cookie Company 26 minutes to fill a rush order of one dozen because washing the bowl and beaters, adding the ingredients and mixing the ingredients takes 6 minutes; spooning the cookies takes 2 minutes per dozen; putting the cookies in the oven takes 1 minute; cooking time is 9 minutes; letting them cool takes 5 minutes; it takes 2 minutes to pack each box; and it takes 1 minute to accept payment. All of these processes add up to 26 minutes. 2. Assuming Kristen's Cookie Company is open for four hours each night, Kristen's Cookie Company can successfully complete 22 orders of a dozen cookies each.
b. Lease equipment for $25,000 per month. The equipment requires three operators with salaries of $25,000 per year each. c. Buy a state of the art robot that cost $8,000,000 and will last for 9 years. The robot will require a technician with a salary of $35,000 per year.