Consider a fim that sells its product in both the US. and the U.K. U.S. demand is for 13,000 unite, and the U.S. production capadty is 16,000 units. Demand in the U.K. is for 9,000 units, and theU.K. production capacity is 13,000 units. Production cost in the U.S. is $14.7, and production cost in the U.K. is £7. The current exchange rate is $1.221. The shipping cost is $3 per unit for anyunits shipped between the two countries. Sales prices equate to $120 in each country.a) How many should be made in each country?US units.UKunitsb) How much is the proft for each country?U.S. ProfitS (round your reaponse to the nearesat dollar).U.K. Profit-Sfround your response to the nearest dollar).Enter your answer in each of the answer boxes.

The total production capacity of both the countries is 29000 16000+13000=29000units 16000units in…

Answered: Consider a fim that sells its product…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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2. A manager then obtained 10 lists of items with their following unit cost and gets the peso value in annual basis. By doing the A-B approach you will need to multiply the annual demand for t particular items to its unit costs as follows: Item Number Annual Demand Unit Cost Annual Peso Value 1 3,500 360 2 2,000 70 3 5,400 500 4 2,500 100 5 1,200 70 6 2,000 1,000 7 1,200 210 8 2,000 4,000 9 10,000 10 10 1,500 200 Item Number Annual Peso Classification % of item Value 2/3 % of annual Peso Value
Find arc elasticity of demand, if quantity demanded falls from 1000 to 950 when price of the item is increased from Rs. 240 to Rs. 280? A) 0.33 B) 0.3 C) -0.3 D) -0.33
(a) Give examples of independent and related dependent demand (b) APL company assembles and sales an electronics device (ED) on a contract basis. End item ED has composed of 3 units of subassembly BG and 5 units of component DD. BG is assembled using 3 DDs and 4 FCs. There are orders of 500 and 875 units of the device (ED) at the beginning of week 6 and week 8. In assembling BG, an extra 20 percent scrap allowance must be added. DD can only be ordered in whole cases of 400 units per case. One case of DD is received in each of week 1 and week 2. Also, there are 200 units of BG and 425 units of DD now on hand. The lead time for the item BG, DD, and FC is 2 weeks and that is for the item ED is 1 week.i. Calculate the required number of DD and FC for producing 100 units of ED. There is no stock of any item. ii. Prepare a material requirements plan for the component DD.
Joint Products Choi Company manufactures two skin care lotions, Smooth Skin and Silken Skin,from a joint process. The joint costs incurred are $420,000 for a standard production run that generates 180,000 pints of Smooth Skin and 120,000 pints of Silken Skin. Smooth Skin sells for $2.40 perpint, while Silken Skin sells for $3.90 per pint.Required1. Assuming that both products are sold at the split-off point, how much of the joint cost of each production run is allocated to Smooth Skin using the relative sales value method?2. If no separable costs are incurred after the split-off point, how much of the joint cost of each productionrun is allocated to Silken Skin using the physical measure method method?3. If separable processing costs beyond the split-off point are $1.40 per pint for Smooth Skin and $0.90 perpint for Silken Skin, how much of the joint cost of each production run is allocated to Silken Skin usinga net realizable value method?4. If separable processing costs beyond the…
Inventory Management You are the store manager at a local branch of DigiLife, a large electronics retail chain. A new version of a popular consumer electronics device called the Amulet is coming out this year. It is your job to sell as many Amulets as you can while minimizing your costs in order to maximize your store's profits. Your Goal Earn $1,000,000 in net profits of Amulet sales.
A manufacturer that produces 100 different products is considering building a new warehouse because there is no room in raw material and product warehouses. Because although some products are more than in the warehouse, some demands that come due to the fact that the ban products are not enough in the warehouse are avoided. For this reason, it plans not to miss any demand by producing and storing enough of all its products, and of course it is considering building a new and larger warehouse to store more products. What can you suggest to this company, taking into account what is described in the course, describe your proposal in maximum detail with the concepts described in the course, as applicable activities.
A company that manufactures cars would use about 50,000 steering wheels per year Such steering wheel is being ordered from a supplier that would cost the company P1.250.00 per order it would also costs 40% of the steering wheel's cost to keep it annually. The steering wheel costs P7,500.00 each How many steering wheels should be ordered at one time? ** Need as soon as possible pls.
A company is known to have 4 request periods in 1 year. In the first quarter year demand amounted to 750, the 2nd quarter was 900, the third quarter was 1500, and for the fourth quarter it was 900. If the company has an initial inventory of 100, the desired final inventory is 150 units, the cost of normal hours is 100 rupiah/unit, the overtime hour fee is 125 rupiah/unit, the cost of sub-contract hours is 150 rupiah/unit, and lastly the cost of inventory is known to be 20 rupiah per unit per period. Here is the table of normal hours, overtime hours and subcontracts. Period Normal Hours Ovetime Hours Subcontracts 1 700 146 500 2 800 146 500 3 900 146 500 4 500 146 500 Please specify:a. Total cost!b. How much is produced per quarter?c. Analyze Your Answers!
7. A Spanish company is considering moving manufacturing from Spain to Mexico. 3 hours of labor are needed to make the item with Spanish cost of labor 25 Euros per hour and Mexican 5 per hour. Spanish holding cost per week is 2 Euros and Mexican 1.5 Euros. Orders are placed weekly and lead time in Spain is 3 weeks with Mexican lead time 15 weeks. Demand is normally distributed with mean 500 and standard deviation 100 and they use 3 standard deviations as the safety factor. A) If it keeps production in Spain, on average how many units of inventory will it have on hand and on order? B) If it moves production to Mexico, on average how many units will it have on hand and on order? C)In Spain, what is its holding cost per item? D) In Mexico, what is its holding cost per item? E) What would be the change in cost per item is production is moved from Spain to Mexico?
9. A company uses 8000 wheels per year in its manufacture of golf carts. The wheel cost $15 each and is purchased from an outside supplier. The money invested in the inventory cost 10% per year and the warehousing cost amounts to an additional 2% per year. It cost $150 to process each purchase order. Find the quantity of wheels that should be ordered each time an order is placed.
A company manufacture and sells direct to consumers 10000 jars per month at Rs 1.25 per ja The company's normal production capacity is 20000 jars per month. An analysis of cost for 10000 jars shows :- Rs 1000 Direct Materials 2475 Direct Labour 140 Power 1030 Jars & Misc supplies 7955 Fixed Expenses 12600 The company has received an offer for export of 10000 jars per month at Rs. 0.75 a jar Write a short note on the advisability or otherwise of accepting the offer. uith dotoile ae nossible
As with other products, Fisher-Price faces the decision of how many Weather Teddy units to order for the comingholiday season. Members of the management team suggested order quantities of 15,000, 18,000, 24,000, or28,000 units. The wide range of order quantities suggested indicates considerable disagreement concerning themarket potential. The product management team asks you for an analysis of the stock-out probabilities forvarious order quantities, an estimate of the profit potential, and to help make an order quantity recommendation.Fisher-Price expects to sell Weather Teddy for $24 based on a cost of $16 per unit. If inventory remains afterthe holiday season, Fisher-Price will sell all surplus inventory for $5 per unit. After reviewing the sales historyof similar products, Fisher-Price’s senior sales forecaster predicted an expected demand of 20,000 units with a.95 probability that demand would be between 10,000 units and 30,000 units. Compute the probability of a stock-out for the…

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