Question 1 (1 point) A practical" way to reduce the negative affects of a "bottleneck" in an integrated production process is increase the efficiency & capacity of the non-bottleneck components Okeep the bottleneck component operating at "full capacity/reduce its idle time" by staffing it with replacement workers during coffee/lunch breaks all listed answers are correct only produce "low margin" products at the bottleneck to reduce the negative consequences on operating profits Question 2 (1 point) True or False: As discussed in class, strictly following "Management by Exception variance analysis practices" will ensure managers identify all potential opportunities for improvement True False Question 3 (4 points) Excel company manufactures custom plastic mouldings. Excel utilizes a fully automated "injection moulding machine" that is only operational 600 hours per month. This machine utomatically mites the raw materials, beats, moulds, cares & packages the final product ready for shipping Excel has 2 options for manufacturing next year. If it manufactures Product "K", it forecasts recenter of 540.00 per wit, variable costs of $15.00 per unit and production of 200 units per injection moulding machine hour. If it manufactures Product "S", it forecasts revenues of $74.00 per unit, variable costs of 553.00 per unit, and production of 210 units par injection molding machine hour. Note that the difference is variable costs and production volumes between "A" & "S" are due to the type of plastic wed, heating times & curing times All other costs including all fixed costs for Product "K"&"S" are identical Assuming it can sell as much as it makes of either product, what do you recommend to Excel in order to maximize operating income O only produce product "S" as it will result in higher operating incomes by $60.000 per month only produce product "S" as it will result in higher operating incomes by $6,000 per month only produce product "R" as it will result in higher operating incomes by $6,000 per month only produce product "R" as it will result in higher operating incomes by $60,000 per month Question 4 (1 point) Examples of "variable costs" in a grocery store would most likely be frozen foods, electricity, labour electricity, labour O fresh produce, frozen meats frozen foods, fresh produce, electricity Auction /