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A. Foriuiu new product lines: special risk insurance and mortgages. The expected profit is $5 per...
The Primo Insurance Company is introducing two new product lines
The Primo Insurance Company is introducing two new product lines: special risk insurance and mortgages. The expected profit is $5 per unit on special risk insurance and $2 for mortgages. Management wishes to establish sales quotas for the new product lines to maximize total expected profit. The work requirements are shown below: Work Hours Per UnitDepartmentSpecial RiskMortgageWork-Hours AvailableUnderwriting322400Administration01800Claims201200(c) Formulate and solve a linear programming model for this problem on a spreadsheet using the format below to develop your own spreadsheet; when...
The Primo mortgages. The Insurance Company is introducing two new product lines
1. The Primo mortgages. The Insurance Company is introducing two new product lines: special risk insurance and expected profit is S5 per unit on special risk insurance and $2 per unit on mortgages. nagement wishes to establish sales quotas for the new product lines to maximize total expected profit The work requirements are as follows: Define the decision variables and formulate a linear programming model for this problem. (20 scores) 2. The board of directors of General Wheels Co. is considering six...
(Fill in the blanks) The management of Brinkley Corporation is interested in using simulation to estimate the profit per unit for a new product. The selling price for the product will be $50 per unit....
(Fill in the blanks) The management of Brinkley Corporation is interested in using simulation to estimate the profit per unit for a new product. The selling price for the product will be $50 per unit. Probability distributions for the purchase cost, the labor cost, and the transportation cost are estimated as follows: Procurement Cost ($) Probability Labor Cost ($) Probability Transportation Cost ($) Probability 10 0.3 20 0.15 3 0.7 11 0.35 22 0.25 5 0.3 12 0.35 24 0.3...
Problem 12-01 (Algorithmic) The management of Brinkley Corporation is interested in using simulation to estimate the profit per unit for a new product. The selling price for the product will be $45 p...
Problem 12-01 (Algorithmic) The management of Brinkley Corporation is interested in using simulation to estimate the profit per unit for a new product. The selling price for the product will be $45 per unit. Probability distributions for the purchase cost, the labor cost, and the transportation cost are estimated as follows: Transportation Labor Probability Cost ($) Probability 20 23 24 26 Procurement Cost ($) 10 Cost ($)Probability 0.72 0.2 0.25 0.35 0.2 0.35 0.25 0.4 0.28 13 a. Compute profit...
Problem 3A-4 (Algo) Activity-Based Absorption Costing as an Alternative to Traditional Product Costing [LO3-5] Ellix Company...
Problem 3A-4 (Algo) Activity-Based Absorption Costing as an Alternative to Traditional Product Costing [LO3-5] Ellix Company manufactures two models of ultra-high fidelity speakers—the X200 model and the X99 model. Data regarding the two products follow: Product Direct Labor-Hours Annual Production Total Direct Labor-Hours X200 0.4 DLHs per unit 19,000 units 7,600 DLHs X99 0.6 DLHs per unit 48,000 units 28,800 DLHs 36,400 DLHs Additional information about the company follows: a. Model X200 requires $30 in direct materials per unit, and...
Question 4: Under the required 2 tab: Determine the total cost per unit for each product...
Question 4:
Under the required 2 tab: Determine the total cost per unit for
each product line if the direct labor and direct materials costs
per unit are $250 for Model 145 and $122 for Model 212. (Round your
final answers to 2 decimal places.)
Under the required 3 tab: If the market price for Model 145 is
$710.99 and the market price for Model 212 is $377.51, determine
the profit or loss per unit for each model. (Round your...
Hazelnut Corp. manufactures lawn ornaments. It currently has two product lines, the basic and the luxury....
Hazelnut Corp. manufactures lawn ornaments. It currently has two product lines, the basic and the luxury. Hazelnut has a total of $164,775 in overhead. The company has identified the following information about its overhead activity cost pools and the two product lines: Cost Assigned Activity Cost Pools Cost Driver to Pool Materials handling Number of moves $ 2,940 Quality control Number of inspections $ 34,435 Machine maintenance Number of machine hours $127,400 Quantity/Amount Quantity/Amount Consumed by Consumed by Basic Luxury...
Pricing Mini Case: Assessing the Cannibalization Risk Cannibalization occurs when a company releases a new product...
Pricing Mini Case: Assessing the Cannibalization Risk Cannibalization occurs when a company releases a new product in a product line or family and some % of the sales of the new entrant are because consumers stop buying the old products in favor of the new entrant. In this exercise, you will be asked to assess the exact size of the cannibalization risk. Then, you will be asked to make a series of strategic decisions based on the analyses. Imagine you...
Problem 14-46 Introducing a New Product (LO 14-4, 14-5) [The following information applies to the questions...
Problem 14-46 Introducing a New Product (LO 14-4, 14-5) [The following information applies to the questions displayed below.) Johnson and Gomez, Inc., is a small firm involved in the production and sale of electronic business products. The company is well known for its attention to quality and innovation During the past 15 months, a new product has been under development that allows users improved access to e-mail and video images. Johnson and Gomez code named the product the Wireless Wizard...
"Two dollars of gross margin per briefcase? That's ridiculous!" roared Roy Thurmond, president of First-Line Cases,...
"Two dollars of gross margin per briefcase? That's ridiculous!" roared Roy Thurmond, president of First-Line Cases, Inc. "Why do we go on producing those standard briefcases when we’re able to make over $9 per unit on our specialty items? Maybe it’s time to get out of the standard line and focus the whole plant on specialty work." Mr. Thurmond was referring to a summary of unit costs and revenues that he had just received from the company’s accounting department: Standard...
Problem 12-01 (Algorithmic) The management of Brinkley Corporation is interested in using simulation to estimate the profit per unit for a new product. The selling price for the product will be $45 per unit. Probability distributions for the purchase cost, the labor cost, and the transportation cost are estimated as follows: Transportation Labor Probability Cost ($) Probability 20 23 24 26 Procurement Cost ($) 10 Cost ($)Probability 0.72 0.2 0.25 0.35 0.2 0.35 0.25 0.4 0.28 13 a. Compute profit...
Question 4:
Under the required 2 tab: Determine the total cost per unit for
each product line if the direct labor and direct materials costs
per unit are $250 for Model 145 and $122 for Model 212. (Round your
final answers to 2 decimal places.)
Under the required 3 tab: If the market price for Model 145 is
$710.99 and the market price for Model 212 is $377.51, determine
the profit or loss per unit for each model. (Round your...
Hazelnut Corp. manufactures lawn ornaments. It currently has two product lines, the basic and the luxury. Hazelnut has a total of $164,775 in overhead. The company has identified the following information about its overhead activity cost pools and the two product lines: Cost Assigned Activity Cost Pools Cost Driver to Pool Materials handling Number of moves $ 2,940 Quality control Number of inspections $ 34,435 Machine maintenance Number of machine hours $127,400 Quantity/Amount Quantity/Amount Consumed by Consumed by Basic Luxury...
Pricing Mini Case: Assessing the Cannibalization Risk Cannibalization occurs when a company releases a new product in a product line or family and some % of the sales of the new entrant are because consumers stop buying the old products in favor of the new entrant. In this exercise, you will be asked to assess the exact size of the cannibalization risk. Then, you will be asked to make a series of strategic decisions based on the analyses. Imagine you...
Problem 14-46 Introducing a New Product (LO 14-4, 14-5) [The following information applies to the questions displayed below.) Johnson and Gomez, Inc., is a small firm involved in the production and sale of electronic business products. The company is well known for its attention to quality and innovation During the past 15 months, a new product has been under development that allows users improved access to e-mail and video images. Johnson and Gomez code named the product the Wireless Wizard...
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