A company is considering two options for the production of a part needed downstream in the...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A company is considering two options for the production of a part needed downstream in the manufacturing process. Particulars are as follows: Specialized automation General automation: Fixed Costs = $12,000/ Variable Cost / Unit = month $3 Variable Cost/Unit = Fixed Costs $4,000/ month $8 Use Scenario to answer this burning question. For a monthly volume of 1,000 units, which automation approach should be chosen? A company is considering two options for the production of a part needed downstream in the manufacturing process. Particulars are as follows: Specialized automation General automation: Fixed Costs = $12,000/ Variable Cost / Unit = month $3 Variable Cost/Unit = Fixed Costs $4,000/ month $8 Use Scenario to answer this burning question. For a monthly volume of 1,000 units, which automation approach should be chosen?
Expert Answer:
Answer rating: 100% (QA)
To determine which automation approach should be chosen for a monthly volume of 1000 units we need ... View the full answer
Related Book For
Quantitative Methods for Business
ISBN: 978-0840062345
12th edition
Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam
Posted Date:
Students also viewed these marketing questions
-
Apple reported the following net sales (in millions) by operating segment: Blank 2018 Americas $110,093 2017 $ 97,600 Europe $60,420 Greater China $ 52,942 $ 55,938 $45,764 Japan $ 22,733 $ 16,733...
-
Youve just been hired onto ABC Company as the corporate controller. ABC Company is a manufacturing firm that specializes in making cedar roofing and siding shingles. The company currently has annual...
-
Jereld Kim founded Kimco LTD, a firm that is currently one of the largest producers of paper and pulp with annual sales of AUD 800 Million. Kim located his first plant in a rural town in Tasmania,...
-
Determine whether the given functions are even, odd, or neither. a. x sin(x) c. x cos(x) e. x sin(x) + x sin(x) f. x sin(x) + x cos(x) even h. x sin(x) + x cos(x) j. x cos (x) + x cos(x) b. x sin(x)...
-
Rural Support Ltd has been successful in gaining a major contract to prepare and deliver meals to elderly and disabled people who reside in Windsor. These operations were previously managed by the...
-
The Geo-Star Manufacturing Company is considering a new investment in a punch-press machine that will cost $100,000 and has an annual maintenance cost of $10,000. There is also an additional...
-
True or false: If we fail to reject the null hypothesis H0: 1 = 0, we can conclude that there is no linear relationship between the explanatory variable and the outcome variable.
-
Jose Pena and Joseph Antenucci were medical doctors who were partners in a medical practice. Both doctors treated Elaine Zuckerman during her pregnancy. Her son, Daniel Zuckerman, was born with...
-
What payment needs to be made at the end of each year to accumulate $38962 over 33 years at 16.8% compounded monthly? Answer to two decimals. Do not use $ signs or commas. Enter to the nearest cent...
-
A skydiver weighs 125 pounds, and her parachute and equipment combined weigh another 35 pounds. After exiting from a plane at an altitude of 15,000 feet, she waits 15 seconds and opens her parachute....
-
What factor is the biggest reason for IKEAs growth and popularity: value or image? Which is more important in the U.S. market? Why?
-
Create a marketing plan for Kuwait Flour Mills & Bakeries Company: Define its competitive advantage (a set of unique features of a company and its products that are perceived by the target market as...
-
1. Consider a particle of charge q is moving in an electromagnetic field. Write down the equation of motion in terms of the scalar and vector potentials. Show that velocity dependent potential in...
-
What is the maximum weight of foreign equities in any portfolio on the efficient frontier? (5 points) What are the asset class weights in an efficient portfolio with an expected return of 8.6...
-
Toor Industries Limited (TIL) is engaged in the production and sale of product Y, which is used in hi-tech industries. The following are the extracts from TIL's latest accounts: Sales Cost of sales...
-
Consider a one-period model with two risky assets Sl and S2. The prices of S1 and $2 will have the following three different scenarios. (We assume that all the random variables are defined on some...
-
Perry Inc. was organized in the current year. Cash expenditures included the following. Professional fees (attorney fees) for articles of incorporation $28,000 Professional fees (accounting fees) to...
-
Suppose that the electrical potential at the point (x, y, z) is E(x, y, z) = x + y - 2z. What is the direction of the acceleration at the point (1,3,2)?
-
Assume that the activity time estimates (in days) for the swimming pool construction project in Problem 11 are as follows: a. What are the critical activities? b. What is the expected time to...
-
City Cab Company identified 10 primary pickup and drop locations for cab riders in New York City. In an effort to minimize travel time and improve customer service and the utilization of the companys...
-
With the gasoline time series data from Table show the exponential smoothing forecasts using = 0.1. GASOLINE SALES TIME SERIES Week Sales (1000s of gallons) 1 ........... 17 2 ........... 21 3...
-
Net sales, net income, and total assets for Azbell Shipping, Inc., for a five-year period follow: {Requirements} 1. Compute trend percentages for each item for 2017 through 2020. Use 2016 as the base...
-
The financial statements of Adventure News, Inc., include the following items: {Requirements} 1. Compute the following ratios for 2020 and 2019 a. Current ratio b. Quick (acid-test) ratio c....
-
You have been asked to evaluate two companies as possible investments. The two companies, Norfolk Industries Inc. and Strafford Crystal Limited, are similar in size. Assume that all other available...
Study smarter with the SolutionInn App