Homework Answers
2 units of A, 1 unit of B, 2 units of A, 1 unit of B, and so on until all units are produced
As set up times are negligible, we can reduce our lot sizes significantly. Benefits of small lot sizes is smooth production, high quality, more flexibility, & reduced Inventory levels.
Therefore Option E is correct answer, as it uses smallest possible lot size.
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Assume a company needs to produce 60 units of product A and 30 units of product...
Assume a company needs to produce 60 units of product A and 30 units of product...
Assume a company needs to produce 60 units of product A and 30 units of product B each day. The firm operates using Lean practices. Also assume the firm has reduced setup times to negligible values. Which of the following would be the best strategy for the company to follow to produce these units? Select one: O a. 2 units of A, 1 unit of B, 2 units of A, 1 unit of B, and so on until all units...
Assume a company needs to produce 60 units of product A and 30 units of product...
Assume a company needs to produce 60 units of product A and 30 units of product Beach day. The firm operates using Lean practices. Also assume the firm has reduced setup times to negligible values. Which of the following would be the best strategy for the company to follow to produce these units? Select one: a. 30 units of A, then 30 units of B, then 30 units of A b. 30 units of B, then 60 units of A...
Which of the following is the best example of a non-value adding activity? Select one: a....
Which of the following is the best example of a non-value adding activity? Select one: a. the storage of inventory b. cleaning and organizing a workspace c. assembly of component parts into a finished product d. fabricating a component part for later assembly e. a worker improving his/her skill set while a machine is performing a task Assume a company needs to produce 60 units of product A and 30 units of product B each day. The firm operates using...
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Goshford Company produces a single product and has capacity to produce 185,000 units per month. Costs to produce i...
Goshford Company produces a single product and has capacity to produce 185,000 units per month. Costs to produce its current sales of 148,000 units follow. The regular selling price of the product is $126 per unit. Management is approached by a new customer who wants to purchase 37,000 units of the product for $7740 per unit. If the order is accepted, there will be no additional fixed manufacturing overhead and no additional fixed selling and administrative expenses. The customer is...
Goshford Company produces a single product and has capacity to produce 185,000 units per month. Costs to produce its current sales of 148,000 units follow. The regular selling price of the product is...
Goshford Company produces a single product and has capacity to produce 185,000 units per month. Costs to produce its current sales of 148,000 units follow. The regular selling price of the product is $148 per unit. Management is approached by a new customer who wants to purchase 37,000 units of the product for $80.10 per unit. If the order is accepted, there will be no additional fixed manufacturing overhead and no additional fixed selling and administrative expenses. The customer is...
Edgerron Company is able to produce two products, G and B, with the same machine in its factory. The following information is available Product G Product B 120 72 Selling price per unit Variable cost...
Edgerron Company is able to produce two products, G and B, with the same machine in its factory. The following information is available Product G Product B 120 72 Selling price per unit Variable costs per unit $ 90 30 Contribution margin per unit $ 60 $ 48 Machine hours to produce 1 unit Maximum unit sales per month 0.4 hours 1.0 hours 600 units 200 units The company presently operates the machine for a single eight-hour shift for 22...
Goshford Company produces a single product and has capacity to produce 170,000 units per month. Costs...
Goshford Company produces a single product and has capacity to produce 170,000 units per month. Costs to produce its current sales of 136,000 units follow. The regular selling price of the product is $146 per unit. Management is approached by a new customer who wants to purchase 34,000 units of the product for $80.10 per unit. If the order is accepted, there will be no additional fixed manufacturing overhead and no additional fixed selling and administrative expenses. The customer is...
Edgerron Company is able to produce two products, G and B, with the same machine in...
Edgerron Company is able to produce two products, G and B, with
the same machine in its factory. The following information is
available.
Product G
Product B
Selling price per unit
$
90
$
120
Variable costs per unit
30
72
Contribution margin per unit
$
60
$
48
Machine hours to produce 1 unit
0.4
hours
1.0
hours
Maximum unit sales per month
600
units
200
units
The company presently operates the machine for a single
eight-hour...
Two competing firms are each planning to introduce a new product. Each will decide whether to produce Product A, Produc...
Two competing firms are each planning to introduce a new product. Each will decide whether to produce Product A, Product B, or Product C. They will make their choices at the same time.. The resulting payoffs are shown to the right Firm 2 Are there any Nash equilibria in pure strategies? If so, then what are they? В C O A. The Nash equilibria are for Firm 1 to introduce Product B and Firm 2 to introduce Product C and...
Assume a company needs to produce 60 units of product A and 30 units of product B each day. The firm operates using Lean practices. Also assume the firm has reduced setup times to negligible values. Which of the following would be the best strategy for the company to follow to produce these units? Select one: O a. 2 units of A, 1 unit of B, 2 units of A, 1 unit of B, and so on until all units...
Assume a company needs to produce 60 units of product A and 30 units of product Beach day. The firm operates using Lean practices. Also assume the firm has reduced setup times to negligible values. Which of the following would be the best strategy for the company to follow to produce these units? Select one: a. 30 units of A, then 30 units of B, then 30 units of A b. 30 units of B, then 60 units of A...
Goshford Company produces a single product and has capacity to produce 185,000 units per month. Costs to produce its current sales of 148,000 units follow. The regular selling price of the product is $126 per unit. Management is approached by a new customer who wants to purchase 37,000 units of the product for $7740 per unit. If the order is accepted, there will be no additional fixed manufacturing overhead and no additional fixed selling and administrative expenses. The customer is...
Goshford Company produces a single product and has capacity to produce 185,000 units per month. Costs to produce its current sales of 148,000 units follow. The regular selling price of the product is $148 per unit. Management is approached by a new customer who wants to purchase 37,000 units of the product for $80.10 per unit. If the order is accepted, there will be no additional fixed manufacturing overhead and no additional fixed selling and administrative expenses. The customer is...
Edgerron Company is able to produce two products, G and B, with the same machine in its factory. The following information is available Product G Product B 120 72 Selling price per unit Variable costs per unit $ 90 30 Contribution margin per unit $ 60 $ 48 Machine hours to produce 1 unit Maximum unit sales per month 0.4 hours 1.0 hours 600 units 200 units The company presently operates the machine for a single eight-hour shift for 22...
Edgerron Company is able to produce two products, G and B, with
the same machine in its factory. The following information is
available.
Product G
Product B
Selling price per unit
$
90
$
120
Variable costs per unit
30
72
Contribution margin per unit
$
60
$
48
Machine hours to produce 1 unit
0.4
hours
1.0
hours
Maximum unit sales per month
600
units
200
units
The company presently operates the machine for a single
eight-hour...
Two competing firms are each planning to introduce a new product. Each will decide whether to produce Product A, Product B, or Product C. They will make their choices at the same time.. The resulting payoffs are shown to the right Firm 2 Are there any Nash equilibria in pure strategies? If so, then what are they? В C O A. The Nash equilibria are for Firm 1 to introduce Product B and Firm 2 to introduce Product C and...
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