Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

Show all your work when answering the computation-based problems. Show screen shots of the spreadsheet you used to get the answer (indicating the answer!) and then Ctrl ~ to get a screen shot of your formulas. 1. SCR Manufacturing, LLC makes a variety of parts for the Machine Tool Industry. One of these parts (MIR 144) does not seem to be contributing to profits. The selling price of the part is $27.85, the variable cost is $19.00 and the Fixed Cost for this product is $152,000 per year. In the past fiscal year, 14,500 of this product was produced and sold. A. Construct a correct, flexible and documented spreadsheet model that will allow varying inputs and resulting revenue, costs and profit. Check the base case above to see if the company is losing on this part. B. Using the model and Goal Seek, find the break even quantity. C. Construct a data table and chart showing profit vs. quantity. D. The owner is trying to determine where to put her efforts in attempting to increase the profitability for MIR 144. Should she increase sales volume by 20% or reduce the variable cost by 15%. Using the model, determine which method would increase profitability more. Show your calculations that helps to answer the question. 

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M91899885

Have any Question?


Related Questions in Operation Management

The company is procter amp gambleimplement a thorough

The Company is Procter & Gamble Implement a thorough Strategy Evaluation Framework. Input Stage -develop a SWOT Analysis Matching Stage - • Identify and discuss briefly the strategies that the Company can utilize based o ...

You are given a train engine and three boxcars which are

You are given a train engine and three boxcars, which are all at the Chicago train station. There are two boxcars in Milwaukee. There is a train track connecting Minneapolis to Milwaukee, and one connecting Milwaukee to ...

1 practicing ethical public administration entails many

1. Practicing ethical public administration entails many different behaviors both internally (within the organization) and externally (outside the organization). Elaborate on the ways that corrupt and graft have been to ...

Marketing in healthcarein a recent contract negotiation

(Marketing in Healthcare) In a recent contract negotiation session between a group of physicians and a managed care health plan, the parties disagreed about the level of reimbursement that the physicians would receive fo ...

Assignmentdiscuss some of the challenges you may face in

Assignment Discuss some of the challenges you may face in this new environment. What are the cultural, ethnic, social, and educational characteristics? Describe the political and legal systems. How much does the governme ...

1 what are some of the things you can do as a ceo to help

1. What are some of the things you can do as a CEO to help reduce the incidence of medical errors? Hint: Remember the root causes of incidents. Please provide examples 2. With the elevation of the role, is Human Resource ...

Company starbuck1 for starbuck company write one corporate

Company StarBuck 1. For Starbuck Company write one corporate aim and one objective within the limitations of the department (customers, time, ethical and legal requirements) 2. Provide details on plans to achieve the obj ...

Many organizations focus their strategy on providing

Many organizations focus their strategy on providing high-quality customer service and consequently place metric concerning customer relationship management on their balanced scorecards. Consider Sam's Pita Pit and the C ...

Hau lee furniture inc spemds 45 of its sales dollars in the

Hau Lee Furniture Inc spemds 45% of its sales dollars in the supply chain and finds its current profit of $49,000 inadequate. The bank is insisting on an improved profit picture prior of a loan for some new equipment. ha ...

1 what advantage does piloting a solution offer lets say

1. What advantage does piloting a solution offer? Let's say that you are working with McDonald's and have developed a new kitchen layout for their franchises—how would you use piloting in rolling out the new kitchen conc ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As