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Increase in Minimum Wage We manufacture Rooty Tooty Frooty breakfast cereal at our factory in Toad Suck, AR. Our selling price is $2.20 per box, F.O.B. our shipping dock (our customers pay shipping expenses). Our gross profit margin is 40%. We pay our workers $8.25 per hour. Currently, the labor portion of our cost per box of cereal is $.215 (twenty one and one half cents). Beginning January 1, 2019, the minimum hourly wage will increase to $11.00. A. Calculate the labor cost per box of cereal after Jan I, 2019. Round answers to 3 places. B. After Jan 1, 2019, what will be our total cost per box of cereal, assuming all other non-labor costs remain the same? Round answer to 3 places. C. If we are to make the same 40% gross profit margin, what will be our new selling price, after Jan 1, 2019? Round answer up to closest penny. D. Based upon annual sales of 6 million boxes, how much added labor costs will we experience per year when comparing 2019 to 2018?
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 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..
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..
An analysis of the holding costs, including the appropriate annual holding cost rate.
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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 of DVD players. Determine the appropriate reorder point.
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.
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 showing the change of your unit from medical/surgical staffing to oncology staffing.
Ccompare the effectiveness of different leadership styles in different organizations
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