QANT 610 OPERATIONS MANAGEMENT TAKE HOME MIDTERM EXAM Q1. Bob Richards‚ the production manager of Zychol Chemicals‚ in Houston‚ Texas‚ is preparing his quarterly report‚ which is to include a productivity analysis for his department. One of the inputs is production data prepared by Sharon Walford‚ his operations analyst. The report‚ which she gave him this morning‚ showed the following: 2008 2009 Production (units) 4‚500 6‚000 Raw material used (barrels of petroleum by-products) 700 900 Labor
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Job Order Cost System There are two main cost accounting systems used: Job order cost systems and Process cost systems. Both have very distinct differences that help each specialize in a certain type of manufacturing company. The job order cost system in particular is used to "provide product costs for each quantity of a product that is manufactured." When a product is called to be manufactured‚ then it is called a job. Once the job is ordered‚ the manufacturing company must go through a flow
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nd nd 2 INTERNATIONAL CONFERENCE ON BUSINESS AND ECONOMIC RESEARCH (2 ICBER 2011) PROCEEDING WHAT IT TAKES TO BE A MANAGER: THE CASE OF MALAYSIAN FIVESTAR RESORT HOTELS Rozila Ahmad (rozila@uum.edu.my) Noor Azimin Zainol (azimin@uum.edu.my) Universiti Utara Malaysia Sintok‚ 06010 Kedah ABSTRACT This article investigates the requirement for managerial posts in five-star resort hotels in Malaysia. Despite the growth of hotel industry in Malaysia‚ academic literature especially qualitative
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1/2 week on each order. The placement of each order is estimated to require 1 hour of clerical time‚ with a direct cost of $15 per hour plus overhead costs of another $5 per hour. A rough estimate has been made that the annual cost of capital tied up in Computronics’ inventory is 15 percent of the value (measured by purchase cost) of the inventory. Other costs associated with storing and protecting the LCDs in inventory amount to 5 cents per LCD per year. (a) What should the order quantity and reorder
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In Shakespeare’s Macbeth‚ Macbeth’s visions and hallucinations play a significant role and contribute to the development of his character. In the play Macbeth‚ a man is driven to murder his king and his companions after receiving a fairly ambiguous prophecy told by three witches. Although the witches triggered the series of events that later aid Macbeth’s descent into complete insanity‚ Macbeth is portrayed from the very beginning as a fierce and violent soldier. As the play goes on‚ several internal
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Take My Job “’Take my Job’”‚ a radio broadcast from July 2010 intended for employed American listeners to inform Americans that the undocumented workers aren’t stealing unemployed jobs. It was in response to the launch of the Take Our Jobs campaign. The purpose was to invite unemployed people to come and try the labor required to do most of the agricultural work. In fact‚ most Americans won’t do the hard labor that the immigrants and undocumented workers do. Mr. Thompson claims‚ “A lot of workers
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Purchasing Portion of Configure to Order Process [ID 1302762.1] Modified: Oct 7‚ 2011 Type: HOWTO Status: PUBLISHED Priority: 3 In this Document Goal Solution 1. Enter and Book the Sales Order 2. Progress the Sales Order - Create Configuration 3. Progress the Sales Order - Create Supply Order Eligible 4. Enter and complete the Receiving Transaction Applies to: Oracle Configurator - Version: 12.0.6 to 12.1.3 - Release: 12.0 to 12.1 Oracle Configure to Order - Version: 11.5.10.2 to 12.1.3 [Release:
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ECON 101 – Macroeconomics Exam 1 (Take-home Part) Name Daniel Martinez Multiple Choice. Encircle the correct answer. [Bring a pencil on Saturday because you will put all your answers to this exam on a scantron sheet.] 1. Rice and potatoes are substitutes. Suppose the price of rice rises and and at the same time there is a bumper (bountiful) crop of potatoes‚ in the market for potatoes one would expect the: A) equilibrium price to rise‚ fall‚ or stay the same and equilibrium
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1. Purchase and Material management Introduction: Most of the manufacturing units spend more than 60% of the money in the form of material only whether in the form of raw material or in the form of finished goods. Material management: Involves controlling the types of product‚ amount location‚ movement‚ and timing of the purchase of various materials. Purchasing involves: Procuring material‚ supplies machinery and service needed for production and maintenance. Material management: It
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subsequent sale to verify the NRV Stock take issue 1. Before stocktaking – Review last year working paper (if any) and discuss with management a. any high value item b. location of stock c. cut-off issue d. any stock held by third party e. any significant change of the above with last year 2. During stocktaking – Observe the client’s internal control system a. actual work done of the client are follow with agreed procedure b. observe stock take carried by client whether they follow
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