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raketka [301]
3 years ago
12

Vernon Inc. has analyzed the setup time on its computer-controlled lathe. The setup requires changing the type of fixture that h

olds a part. The average setup time has been 140 minutes, consisting of the following steps:
Turn off machine and remove fixture from lathe 15 minutes
Go to tool room with fixture 15
Record replacement of fixture to tool room 18
Return to lathe 20
Clean lathe 20
Return to tool room 20
Record withdrawal of new fixture from tool room 12
Return to lathe 15
Install new fixture and turn on machine 5
Total setup time 140 minutes
Required:
a. Why should management be concerned about improving setup time?
b. Which of the following are the ways to improve Hammond Inc.'s setup time?1. limit the trips to the tool room to one round trip, rather than two.2. change the location of the fixtures to reduce lathe setup time.3. eliminate the tool room and instead locate the tools in a visible location near the lathe.4. change the entire lathe room layout, so that fewer steps are required to turn the lathe on and off, as well as clean the lathe and change fixtures for the lathe.5. All of these are ways to improve setup time.c. How much time would be required for a setup, using your suggestion in (b)?

Business
1 answer:
umka21 [38]3 years ago
6 0

Answer:

Explanation:

Please locate the attached file below for the answer for the given problem.

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Two different manufacturing processes are being considered for making a new product. The first process is less​ capital-intensiv
NeTakaya

Answer:

Hello your question is incomplete below is the complete question

Two different manufacturing processes are being considered for making a new product. The first process is less capital-intensive, with fixed costs of only $49,700 per year and variable costs of $740 per unit. The second process has fixed costs of $391,000 but variable costs of only $160 per unit. a. What is the break-even quantity, beyond which the second process becomes more attractive than the first? the volume at which the second process becomes more attractive is ..... units

answer :  At ≥ 589 units the second process becomes more attractive

Explanation:

A) Determine the breakeven quantity that makes the second process more attractive

the second process has a higher fixed cost of $391000

x = volume of sales that makes process 1 as profitable as process 2

sales = fixed cost + Total variable cost

profit = (( selling price ) * X ) - (variable cost * X ) - fixed cost

<em>Assuming the profit made from process 1 = process 2 </em>

((selling price * X ) - ( variable cost of process 1 * X ) - fixed cost of process 1 =((selling price * X ) - ( variable cost of process 2 * X ) - fixed cost of process 2

hence ;

x = ( fixed cost of process 2 - fixed cost of process 1  ) / ((variable cost of process 1) - (variable cost of process 2 ))

   = ( 391000 - 49700 ) / ( 740 - 160 )

   = 588.44 units ≈ 588 units ( both process will yield same profitability

At ≥ 589 units the second process becomes more attractive

5 0
3 years ago
Manuel has plans to go to a movie and already has a $10 nonrefundable, nonexchangeable, and nontransferable ticket. Now Poornima
Verdich [7]

Answer:

3. Correctly ignored a sunk cost

Explanation:

Sunk costs refer to those costs which have been incurred in the past and which can no longer be recovered. For example, past expenditure on research and development with no current or future benefits represent sunk costs which can no longer be recovered.

Sunk costs are irrelevant for decision making process as they do not relate to current projects and yield no economic benefit.

In the given case, Manuel had already purchased a $10 movie ticket, which can neither be transferred nor eligible for a refund.  Later when he does not exercise the option of going for the movie and opts for a concert instead, the amount of 10$ spent on the movie represents a sunk cost which is non recoverable.

8 0
3 years ago
4. which of the following is a drawback of the spt dispatching rule? (5 pts) a) long jobs may be continuously pushed back in fav
sergij07 [2.7K]

Long jobs may be continuously pushed back in favor of shorter jobs is a drawback of the spt dispatching rule.

What is SPT?

The standard penetration test (SPT) is a dynamic in-situ penetration test used to determine the geotechnical engineering parameters of soil. This is the most common subsurface exploratory drilling test performed around the world. ISO 22476-3, ASTM D1586, and Australian Standard AS 1289.6.3.1 all outline the test technique. The test produces samples for identification as well as a measure of penetration resistance that can be used in geotechnical design. For geotechnical engineering reasons, there are numerous local and extensively published international correlations that relate blow count, or N-value, to soil engineering parameters.

Long-duration work may be continually pushed back in priority in favor of short-duration jobs, which is its main drawback.

So, the right answer is A.

To learn more about SPT
brainly.com/question/22953574

#SPJ4

5 0
1 year ago
QUESTION 4 On November 10 of the current year, Flores Mills provides services to a customer for $8,000 with credit terms 2/10, n
wolverine [178]

Answer:

D. Cash 8,000 Accounts Receivable 8,000

Explanation:

6 0
4 years ago
Which of the following is an example of earned income?
Nutka1998 [239]
So it’s gonna be (D or (A because it’s wat u earned by yourself not wat someone give you or its not if u lent money
5 0
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