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The process used by the Gourmet Food Company (Process 1) to produce dressings has annual fixed costs of $120,000 and variable costs of $0.97 per bottle. The company just entered into an agreement with a major national grocery store chain to sell its dressings. Sales volumes are expected to increase. Two new processes are being explored. Process 2 has a fixed cost of $243,200 per year and variable costs of $0.41 per bottle. Process 3 has fixed costs of $419,200 per year and variable costs of $0.31 per bottle. a. What are the indifference points between the processes? Indifference Points Processes 1 & 2 bottles Processes 2 & 3 bottles b. If sales are expected to be 1,160,000 bottles, which process should be used? Process 1 Process 2 Process 3
You are the director of external affairs for a national not-for-profit medical research center that does research on diseases related to aging. The center’s work depends on funding from multiple sources, including the general public, individual estat..
Discuss the importance of defining expectations and using standardized contracts when sourcing professional services. How is this different from sourcing direct materials and components?
Which of the following is a characteristic of a production plan?
What is the Bullwhip effect and what are the principal causes as to why it occurs in a supply chain? What are the most important strategies that can mitigate its effects? Be specific and provide examples.
In the Human Resources field we frequently use the saying hire hard manage easy.
Explain the concept of economies of scale. Give an example of how a small company can reach economies of scale (it could be any small company that you pick)
Are employment restraint clauses that bar a person from working in the same industry enforceable under Australian law? Does the time period of the restraint matter? Please cite statute and precedent to support your answer.
You are evaluating a project for The Tiff-any golf club, guaranteed to correct that nasty slice. You estimate the sales price of The Tiff-any to be $440 per unit and sales volume to be 1,000 units in year 1; 1,500 units in year 2; and 1,325 units in ..
1. What is the chase strategy? 2. Identify 2-3 companies that might use the chase strategy
The following time-phasing chart is available for a single item within a MRP system. Complete this chart by estimating inventory on hand and planned order release values. Lead time is 2 weeks and order policy is 100 units, which means this part can b..
C&A currently has fixed costs of $200 per month and variable cost of $40 per unit for its production operations. They are considering the purchase of a new equipment that will raise the fixed costs to $500 per month but reduce the variable cost to $3..
Apperson and Fitz is a chain of clothing stores that caters to high school and college students. It publishes a quarterly catalog and operates a Web site that features provocatively attired males and females.
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