Popular low-tide surfboards-graystone and the lava models

Assignment Help Operation Management
Reference no: EM131805895

Consider the spreadsheet for Stone Age Surfboards provided below. Use this data to answer the following question(s), using the Standard Solver. Stone Age Surfboards is a small manufacturer of two types of popular low-tide surfboards, the Graystone and the Lava models. The manufacturing process consists of two departments: fabrication and finishing. The fabrication department has 8 skilled workers, each of whom works 9.25 hours per day. The finishing department has 5 workers, each of whom works a 6-hour shift per day. Each pair of Graystone surfboards requires 2.5 labor hours in the fabrication department and 2 labor hours in finishing. The Lava model requires 4.2 labor-hours in fabrication and 3.6 labor-hours in finishing. The company operates 6 days a week. It makes a per unit profit of $40 on the Graystone model and $60 on the Lava model. The company anticipates selling at least twice as many Lava models as Graystone models. 1Stone Age Surfboards 3 Data Product Graystone Lava 2.5 Limitation (hours) 74 30 5 Department 6 Fabrication 7 Finishin 3.6 9 Profit/Unit S40.00 $60.00 12Model Graystone Lava ntity Produced Hours Used 14 15 Fabrication 16Finishin 17 18 19 Market Mixture 20 21 22 Profit Contribution Excess Lava Total Profit What is the total profit generated? $675.68 $788.32 $521.74 $920.57 Show transcribed image text.

Reference no: EM131805895

Questions Cloud

What is process capability index of bottle filling process : What is the process capability index of the bottle filling process? Using your answer to a, explain the capability f this process?
What is the purpose of activity-based-costing : What is the purpose of "activity-based-costing? List (and explain) two of the most creative Twitter marketing campaigns in Saudi Arabia? And why they work?
Based on management ethics and social responsibility : Defend or criticize the mangement solutions based on management ethics and social responsibility.
Produce semi-automated or produce fully automated : What should the company do regarding this product, purchase, produce semi-automated or produce fully automated?
Popular low-tide surfboards-graystone and the lava models : Stone Age Surfboards is a small manufacturer of two types of popular low-tide surfboards, the Graystone and the Lava models
Manage just-in-time inventory levels : ABC analysis is used in inventory management to: Manage just-in-time inventory levels.
Different preventive detention regimes across the countries : How do different preventive detention regimes across the countries surveyed work?
Elliot medical supplies produces hypodermic needles : Elliot Medical Supplies produces hypodermic needles. Fall is the quarter with the greatest demand, so Elliot is operating with 3-eight hour shifts.
Payroll package to replace the existing system : Your company has decided to buy in and install an payroll package to replace the existing system.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd