Reference no: EM13193253
Hype Ltd produces four types of clothes with the use of a special machine. Each labor hour in the special machine costs £10. For the production of the four products the company has 6,800 special machine labor hours. There will be no shortage of any other factor of production. Costings and break-even quantities for the products are as follows:
Products
A (Jeans)
B (Shirts)
C (Jackets)
D (Coats)
Material cost per unit
£20
£30
£60
£100
Special machine labor hours per unit
0.25
0.5
0.4
0.55
Fixed costs
£40,000
£50,000
£70,000
£120,000
BEP (break-even point) quantity
1,000
1,500
1,400
2,100
For each type of product the management of the firm aims at the following targeted profit levels:
Product
Target Profit
A
£100,000
B
£120,000
C
£150,000
D
£200,000
However, the marketing department has conducted a consumer survey and estimated that the actual demand for the products will be different from that corresponding to the targeted profits. The estimated quantity demanded for each product is given in the table below:
Product
Estimated Quantity Demanded
A
3,200
B
3,600
C
4,300
D
5,300
REQUIRED:
Calculate the volume of activity that the company will have to achieve in order to meet the targeted level of profit for each one of the four products.
Calculate the optimal production each of for the four products by taking into account the available labor hours and the estimates of the marketing department.
Propose ways that could help the company to solve the problem of special machine time shortage.
|
Listening assignment-introductory concepts
: To complete this assignment you must choose a listening selection from Section 1: Basic Musical Concepts (any of the classes from "Unity and Variety" up to and including "Folk Music, Art Music, and All That Jazz"), and write a two-paragraph summary.
|
|
State oxygen saturation curve for a cooperative protein
: Draw an oxygen saturation curve for a cooperative protein that shows a p50 of 45 torr. On the same graph draw a c curve that shows a protein that is non-cooperative with p50 of 15 torr
|
|
Spain attempt to protect the northern regions
: In what ways did spain attempt to protect the northern regions of its north americans and europeans was one impact did its methods have on native americans?
|
|
State the solution side of the membrane during concentration
: A reverse osmosis unit is to be used to concentrate the aqueous solution of metal complexes left over from a metal finishing operation. A pressure of 100 bar is exerted on the solution side of the membrane during concentration.
|
|
Calculate the optimal production
: Calculate the optimal production each of for the four products by taking into account the available labor hours and the estimates of the marketing department.
|
|
Define equatorial celestial coordinates-right ascension
: Describe the concept of the Celestial Sphere and the various point & lines defined on its surface. What are constellations? How come most constellations don't look much like the persons/animals/objects... that they're named after? Define the equatori..
|
|
Compute the increase in temperature of the water
: natural gas at standard conditions is transferred to 9.50 kilograms of water (specific heat = 4.18 J/g K), calculate the increase in temperature of the water
|
|
Compute the reduction in the daily dose
: For an elderly patient with impaired renal function, the dose is reduced to 250 mg every 6 hours. Calculate the reduction in the daily dose, in milligrams.
|
|
Massachusetts general court
: What was the historical significance of John Winthrop's speech to the Massachusetts General Court?
|