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A foundry receives an order for four custom-designed castings. The customer will pay $30,000 for each...
2.27 A foundry has received an order for 20 custom-designed castings. The casting process costs $700...
2.27 A foundry has received an order for 20 custom-designed castings. The casting process costs $700 per unit scheduled. If a casting is good, then it is machined to specifications at an added cost of $500 per unit. If a casting is not sold, it has a recycle value of $300 The customer has indicated a willingness to pay $2000 per casting for 20 acceptable castings; the customer has also agreed to pay $1500 each for one or two additional...
An order for 10 custom-designed castings has been received. The casting process costs $1100 per unit...
An order for 10 custom-designed castings has been received. The casting process costs $1100 per unit scheduled. If a casting is not sold it has a recycle value of $300. The customer has indicated a willingness of to pay $2700 per casting for acceptable casting no more no less! • If number of good casts is less than 10 then the customer does not accept • For only one casting if we have the 5% chance probability of having defective...
Question 4: The Binomial Distribution The company you are working for just received an order for...
Question 4: The Binomial Distribution The company you are working for just received an order for 25 castings, made from precious metals. Each casting will sell for $5,000; however, it is also costly to produce at $2,500. Your manufacturing facility can produce castings of high quality with a probability of 0.98. All castings are produced independently. The customer would like to receive 25 castings of high quality. However, they are willing to accept less than 25: if that happens you...
External Linkages, Customer Costing, Customer Profitability Emery Company sells small machine parts to heavy equipment manufacturers...
External Linkages, Customer Costing, Customer Profitability Emery Company sells small machine parts to heavy equipment manufacturers for an average price of $1.05 per part. There are two types of customers: those who place small, frequent orders and those who place larger, less frequent orders. Each time an order is placed and processed, a setup is required. Scheduling is also needed to coordinate the many different orders that come in and place demands on the plant's manufacturing resources. Emery also inspects...
Problem 4: A make to order manufacturer has documented the four stages of its order fulfillment...
Problem 4: A make to order manufacturer has documented the four stages of its order fulfillment process, obtaining the following information: Process Stage Mean Duration (weeks Standard Deviation of Duration Order Acceptance and Price 0.25 Negotiation Design Work Contracting for Manufacturing Manufacturing Shipment 2 2 2 2 a) Assuming that the duration at each stage is normally distributed, determine the mean and variance of the total duration from initial customer contact to shipment b) Once the order has been accepted...
In preparing for the upcoming holiday season, Fresh Toy Company (FTC) designed a new doll called...
In preparing for the upcoming holiday season, Fresh Toy Company (FTC) designed a new doll called The Dougie that teaches children how to dance. The fixed cost to produce the doll is $100,000. The variable cost, which includes material, labor, and shipping costs, is $34 per doll. During the holiday selling season, FTC will sell the dolls for $42 each. If FTC overproduces the dolls, the excess dolls will be sold in January through a distributor who has agreed to...
The last questions choices are customer 1,customer 2, customer 3, customer 4 demand has a shortfall of 2000,4000,6000,8000,10000 customer 1, customer 2, customer 3, customer 4 demand of 2000,4000...
The last questions choices are customer 1,customer 2, customer
3, customer 4 demand has a shortfall
of 2000,4000,6000,8000,10000
customer 1, customer 2, customer 3, customer 4 demand of
2000,4000,6000,8000,10000
Klein Chemicals, Inc., produces a special oil-based material that is currently in short supply, Four of Klein's customers have already placed orders that together exceed the combined capacity of Klein's two plants. Klein's management faces the problem of deciding how many units it should supply to each customer. Because the four...
Please provide solution through excel with formulas please. Thank You! 3. (25 points) In order to...
Please provide solution through excel with formulas please.
Thank You!
3. (25 points) In order to be ready for the upcoming holiday season, BTS Toy Company (BTC) designed a new doll called The V that teaches children how to dance. The fixed cost to produce the doll is $105,000. The variable cost, which includes material, labor, and shipping costs, is $35 per doll. During the holiday selling season, FTC will sell the dolls for $45 each. If BTC overproduces the...
In preparing for the upcoming holiday season, Fresh Toy Company (FTC) designed a new doll called The Dougie that teache...
In preparing for the upcoming holiday season, Fresh Toy Company (FTC) designed a new doll called The Dougie that teaches children how to dance. The fixed cost to produce the doll is $100,000. The variable cost, which includes material, labor, and shipping costs, is $34 per doll. During the holiday selling season, FTC will sell the dolls for $42 each. If FTC overproduces the dolls, the excess dolls will be sold in January through a distributor who has agreed to...
In preparing for the upcoming holiday season, Fresh Toy Company (FTC) designed a new doll called ...
In preparing for the upcoming holiday season, Fresh Toy Company (FTC) designed a new doll called The Dougie that teaches children how to dance. The fixed cost to produce the doll is $100,000. The variable cost, which includes material, labor, and shipping costs, is $34 per doll. During the holiday selling season, FTC will sell the dolls for $42 each. If FTC overproduces the dolls, the excess dolls will be sold in January through a distributor who has agreed to...
2.27 A foundry has received an order for 20 custom-designed castings. The casting process costs $700 per unit scheduled. If a casting is good, then it is machined to specifications at an added cost of $500 per unit. If a casting is not sold, it has a recycle value of $300 The customer has indicated a willingness to pay $2000 per casting for 20 acceptable castings; the customer has also agreed to pay $1500 each for one or two additional...
External Linkages, Customer Costing, Customer Profitability Emery Company sells small machine parts to heavy equipment manufacturers for an average price of $1.05 per part. There are two types of customers: those who place small, frequent orders and those who place larger, less frequent orders. Each time an order is placed and processed, a setup is required. Scheduling is also needed to coordinate the many different orders that come in and place demands on the plant's manufacturing resources. Emery also inspects...
Problem 4: A make to order manufacturer has documented the four stages of its order fulfillment process, obtaining the following information: Process Stage Mean Duration (weeks Standard Deviation of Duration Order Acceptance and Price 0.25 Negotiation Design Work Contracting for Manufacturing Manufacturing Shipment 2 2 2 2 a) Assuming that the duration at each stage is normally distributed, determine the mean and variance of the total duration from initial customer contact to shipment b) Once the order has been accepted...
The last questions choices are customer 1,customer 2, customer
3, customer 4 demand has a shortfall
of 2000,4000,6000,8000,10000
customer 1, customer 2, customer 3, customer 4 demand of
2000,4000,6000,8000,10000
Klein Chemicals, Inc., produces a special oil-based material that is currently in short supply, Four of Klein's customers have already placed orders that together exceed the combined capacity of Klein's two plants. Klein's management faces the problem of deciding how many units it should supply to each customer. Because the four...
Please provide solution through excel with formulas please.
Thank You!
3. (25 points) In order to be ready for the upcoming holiday season, BTS Toy Company (BTC) designed a new doll called The V that teaches children how to dance. The fixed cost to produce the doll is $105,000. The variable cost, which includes material, labor, and shipping costs, is $35 per doll. During the holiday selling season, FTC will sell the dolls for $45 each. If BTC overproduces the...
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