Explain percentage must materials cost be reduced, Operation Management

Assignment Help:

Merk, Inc., produces electronics component on an assembly line. The standard cost for the component is $105 (labor $15, materials $60, and other costs $30). The sellings price is $200. The company wishes to achieve a 5% increase in total factor productivity by reducing the materials cost only (with labor cost and other remaining constant.) By what percentage must materials cost be reduced to achieve this goal?


Related Discussions:- Explain percentage must materials cost be reduced

Explain the link of operations strategy, Question 1: Describe the role ...

Question 1: Describe the role of operations in an Organisation. Link with other functions Issues Types of operational decisions Conclusion Explain the s

Expected effectiveness of plan, Expected effectiveness of plan: Ramon ...

Expected effectiveness of plan: Ramon Martinez is the general manager of Classic Inn, a local mid-priced hotelwith 100 rooms. His job objectives include providing resourceful

Advantages of process layout, Advantages of Process Layout Lower C...

Advantages of Process Layout Lower Capital Investment : Less capital is needed for this layout because production apparatus is applied to maximum capacity with minimum dup

Where is performance appraisal help, Where is Performance Appraisal help? ...

Where is Performance Appraisal help? Performance Appraisal assists in operational decision making in personnel management gives clues to management for effecting improvements i

Explain what happens to the leased property, Ann leases an office in Ted's ...

Ann leases an office in Ted's building for a one-year term. At the end of the period specified in the lease, the lease ends without notice, and possession of the office returns to

Meaning and definition of production management, Meaning and Definition of ...

Meaning and Definition of Production Management Production management is a stream of management that is associated to the production function. Production might be termed to as th

Characteristics of continuous or flow production, Characteristics of Contin...

Characteristics of Continuous or Flow Production Flow of Material: The flow of materials is continuous and there is little or no queuing at any stage of processing. Mac

Management information Systems, my instructor gave a diagram depicting om p...

my instructor gave a diagram depicting om processess of a manufacturing company. from that diagram he wants me to identify specific data fields that likely compromise each of the f

What is the number of orders per year if the manager uses, A flower shop us...

A flower shop uses 800 clay pots a month. The pots are purchased at $2 each. Annual carrying costs are estimated at $0.60 per pot per year and ordering costs are $20 per order. The

Facility layout - process design, Facility Layout - Process Design In ...

Facility Layout - Process Design In addition to the sequence of the processes, consideration must also be given to their physical layout in relation to each other. This is an

Write Your Message!

Captcha
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