1-4 discussion

2&4 problems

We will work in teams assigned by your instructor. Each team will answer the 4 discussion questions on page 116. Complete Problems and 4 on pages 116-117 (do not just provide the answers, show how you worked through each problem). You will access your Team via the Teams section under Course Content, Each team will have a group discussion board and file exchange to use to complete the group assignment, Remember to read the submission instructions for the Group Assignment Contact your instructor thane DISCUSSION QUESTIONS 1. Identify major differences between a service and manufactur ing operation. Find an example of a service and manufacturing company you are familiar with, and compare them. 2. Find a company you are familiar with, and explain how it uses operations. How is its operations function tied to its supply chain? Do you have any suggestions for their improvement? 3. Find an example of a process layout of a local business. Draw a diagram, and try to find a way to improve it. 4. Explain the concept of cycle time, and explain how it affects layout. How does it affect suppliers? PROBLEMS 1. Green Go Monitors is ready to release their new intelligent monitors. The variable cost for each product is $2,000. Fixed cost per year is estimated to be $100,000. If the company sells cach product at a price of $2,500, how many products must be sold to break even? If the company sells 1,000 products at the price of $2,500, what will be the contribution to profit? 2. James Pens has designed a new lawn care product called the minimower and is now considering its processing needs. The variable cost for each mini-mower manufactured is $30. Fixed cost per year is estimated to be $20,000. James is planning to sell cach mini-mower at a price of $40. How many products must be sold to break even? If James sells 5,000 products at the price of $40, what will be the contribution to profit? 3. A company's break-even quantity for a product is 1.000. What is the selling price for each product assuming $10,000 fixed cost per year and $20 variable cost per product? If the com- pany sells 2,000 products at the selling price, what will be the contribution to profit