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3 years ago

Operations management is applicable:

Business

1 answer:

REY [17]3 years ago

4 0

Answer:

b) To the manufacturing sector exclusively.

Explanation:

Operations management

It is one of the administration of the business practice , which enable to create very high efficiency within the organisation .

This administration is concerned with converting the labor and the material into services and goods , in order to maximize the profit of the organization .

The operations management team attempt to balance out the cost with the revenue in order to get the highest net operating profit possible .

It is exclusive to the manufacturing sector only .

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You are starting a lawn care business. Which of the following would be a needed land resource?

natulia [17]

Lawns would be the the needed land resource. Without lawns you would have no business. Starting a lawn care business in the desert would not be effective because you would not have the land resource of lawns with grass to cut. All of the other options are resources that you would need but they are not land resources.

6 0

4 years ago

Read 2 more answers

Steele Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. Steele Cor

GREYUIT [131]

Answer:

B)$4.25

Explanation:

Predetermined Overhead rate = Estimated Manufacturing overhead / Estimated Machine hours

Predetermined Overhead rate = $68,000 / 16,000 =$4.25 per unit

Machine-hours 16,000

Manufacturing Overhead:

Salary of production supervisor $40,000

Indirect material $8,000

Rent on factory equipment $20,000

Total Manufacturing overhead $68,000

4 0

3 years ago

Suppose Cold Goose Metal Works Inc. is evaluating a proposed capital budgeting project (project Beta) that will require an initi

olganol [36]

Answer:

-$1,153,204.

reject

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator

Cash flow in year 0 = $-2,500,000

Cash flow in Year 1 = $275,000

Cash flow in Year 2 = $450,000

Cash flow in Year 3 = $450,000

Cash flow in Year 4 = $475,000

I = 8%

NPV = -$1,153,204.

Only projects with a positive NPV should be accepted. A project with a negative NPV should not be chosen because it isn't profitable.

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

8 0

3 years ago

Model, Inc., produces model automobiles made from metal. It operates two production departments, Molding and Painting, and has t

m_a_m_a [10]

Answer:

a) Molding Painting Total

Product costs:

Direct materials $242,500 $211,000 $453,500

Direct labor $327,500 $219,000 $546,500

Overhead $105,000 $82,500 $187,500

Subtotal $675,000 $512,500 $1,187,500

Period costs (service departments):

Maintenance $191,376 $24,624 $216,000

Accounting $171,171 $227,829 $399,000

Administration $153,410 $76,590 $230,000

Subtotal $515,957 $329,043 $845,000

Total costs $1,190,957 $841,543 $2,032,500

2) product costs per unit:

molding = $675,000 / 100,000 units = $6.75 per unit

painting = $512,500 / 100,000 units = $5.125 per unit

total product cost per unit = $11.875 per unit

3) period costs per unit:

molding = $515,957 / 100,000 units = $5.16 per unit

painting = $329,043 / 100,000 units = $3.29 per unit

total product cost per unit = $8.45 per unit

Explanation:

Molding Painting

Building area 441,000/497,700 = 88.6% 56,700 /497,700 = 11.4%

Employees 66/154 = 42.9% 88/154 = 57.1%

Equipment value $118/$177 = 66.7% $59/$177 = 33.3%

3 0

3 years ago

North Carolina produces sweet potatoes in its rich soil, but does not have the climate to grow oranges well. It is correct to sa

inessss [21]

Answer:

c. comparative advantage in

Explanation:

In economics, comparative advantage is the advantage a trade party has over the other party, in the production of a a particular good that has a relatively lower opportunity cost. It simply involves exploring the option that has overall best package.

North Carolina has a comparative advantage in sweet potato production relative to Florida, as the opportunity cost involved is lower, since there is little potential benefits North Carolina will get in the production of oranges.

3 0

4 years ago

Operations management is​ applicable:

Operations management is applicable: