COST DEFINITIONS Fixed Cost – expenses that remain constant over a wide range of output volumes Variable Costs – expenses that vary proportionately with changes in output. Sunk Costs – expenses already incurred that have no salvage value Opportunity Costs – profits lost when one alternative is chosen over another that would have provided greater financial benefits. Avoidable Costs – expenses resulting from poor productivity incurred if an investment is not made. Out-of-Pocket Costs – actual
Premium Costs Variable cost Net present value
equipment during an hour is 500 units and its best operating level is at a rate of 400 units per hour‚ which of the following is the capacity utilization rate? → | 1.25 | 11. award: 0 out of 30 points Compared with a service operation‚ a manufacturing operation’s capacity is which of the following? → | Demand can be smoothed by inventory policies | ------------------------------------------------- Top of Form 13. award: 30 out of 30 points The capacity
Premium Capacity utilization Variable cost Fixed cost
should consider a centralized materials management system to study‚ calculate and make the decisions on what will be bought for each of the 4 dealerships instead of allowing each dealer to do this on their own. By buying their parts in a higher volume (one central order for all four dealerships) they can negotiate a better price. This would facilitate greater leveraging with suppliers for consistent quality-control. ❖ An EDI inventory management system that interconnects the main shop
Premium Supply chain management Inventory Supply chain
|Midterm Example Test v2 | | 1. A manufacturing firm is considering three alternatives for automation. They anticipate annual production volume to be 75‚000 units. The costs for each alternative are as shown: | |Alternative | | |1 |2 |3 | |Annual Fixed Costs |60‚000 |$180‚000 |$300‚000 | |Variable Cost/Unit |$0.65 |$0
Premium Capacity utilization
Robert Louis Stevenson Robert Louis Stevenson‚ abbreviated RLS‚ was an author during the Victorian literature period. He is credited with many novels‚ short stories‚ manuscripts‚ and musical compositions. He is well-known for works such as “The Strange Case of Dr. Jekyll and Mr. Hyde”‚ “Treasure Island”‚ and “The Bottle Imp”. Similar to Victorian writing‚ Stevenson’s work was very dark in nature and often includes many characteristics and ideologies presented in Victorian literature. Born in Edinburgh
Premium Robert Louis Stevenson Edinburgh Strange Case of Dr Jekyll and Mr Hyde
Multifactor productivity (total factor) = ductivity) qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqOutputLabor+Material+Energy+Capital+Miscellaneous (1-2) CHAPTER 7: Value-added time = Operation time/total time (H-B) SUPPLEMENT 7: Utilization = Actual OutputDesign Capacity (S7-1) Efficiency = Actual OutputEffective Capacity (S7-2) Actual (Expected) output = (Effective Capacity)×(Efficiency) (S7-3) Break-even Analysis Notation:
Premium Poisson distribution Probability theory Variable cost
External Influences on Stevenson’s Writings “The Strange Case of Dr. Jekyll and Mr. Hyde” by Robert Louis Stevenson was a familiar title to me and prior to reading it I believed I was well versed about the story. I knew that Dr. Jekyll was an intelligent man who experimented with the idea of creating a more powerful version of him that would release his deepest inhibitions. In addition‚ I believed that the people of the town were not fully aware of Mr. Hyde‚ only that there was a monster
Premium Robert Louis Stevenson Strange Case of Dr Jekyll and Mr Hyde
WORK WEEK 1 I. Planning For the first time‚ in the toolbar planning we set our budget $ 500 in account team/ individual recognition in order to improve team or individuals productivity by give reward to the entire team or specific individuals on team (Figure 1-1). Figure 1-1 Then‚ choose toolbar resouce to ploting team member‚ like figure 1-2 bellow: Figure 1-2 II. Staffing We recuit our new team member‚ Sally Nicoles and Adam Herrez in this work week 1. So‚ they will be arrive
Premium Project management Management Bar chart
Arab Open University Tutor Marked Assignment (TMA) Academic Year 2012 - 2013 Semester: Second 2012-2013 Branch: Kuwait Program: Business Studies Course Title: Business functions in context II Course Code:B203B Student Name: Student ID: Section Number: 201 Tutor Name: Mark details Allocated Marks Questions Q1 Q2 Q3 Q4 Total (100) Weight 25 25 25 25 Marks Deduction Criteria Presentation (0-4) Referencing
Premium Investment Net present value Capital budgeting
Group D - Chapter 4‚ Problem 1 |Variability in |High | |Open an account | | | |service | | | | | | | | | | | | | | |Moderate |Applying for a |
Premium Deposit account Cheque Mortgage