Producer of felt-tip pens has received a forecast of demand

Assignment Help Operation Management
Reference no: EM13820771

A producer of felt-tip pens has received a forecast of demand of 31,000 pens for the coming month from its marketing department. Fixed costs of $25,000 per month are allocated to the felt-tip operation, and variable costs are 40 cents per pen.

Reference no: EM13820771

Questions Cloud

Key points of a relevant economic article : Identify at least four (4) key points of a relevant economic article from either the Strayer Library or a newspaper. The article must deal with any course concepts covered in Weeks 1-8 (supply, demand, market structures, elasticity, costs of producti..
Discuss how you can apply a strategy in the classroom : Discuss how you can apply a strategy in the classroom or in a professional setting that incorporates and utilizes these three developmental skills.
Organizational theory in action-what kind of crisis : You are the top managers of a rapidly growing company that has been having great success in developing websites for large Fortune 500 companies. Currently, you employ over 150 highly skilled and qualified programmers, and to date you have operated wi..
The demand curve for a monopolist is qd : Suppose the demand curve for a monopolist is QD = 500 - P, and the marginal revenue function is 500 - 2Q. The monopolist has a constant marginal and average total cost of $50 unit. a. Find the monopolist's profit maximizing output and price. b. Calcu..
Producer of felt-tip pens has received a forecast of demand : A producer of felt-tip pens has received a forecast of demand of 31,000 pens for the coming month from its marketing department. Fixed costs of $25,000 per month are allocated to the felt-tip operation, and variable costs are 40 cents per pen.
Which activities have been most enjoyable to you and why : Which activities have been most enjoyable to you and why? Which knowledge or skills have you acquired that have been the most meaningful to you and why?
Determine the range of annual volume : A firm plans to begin production of a new small appliance. The manager must decide whether to purchase the motors for the appliance from a vendor at $10 each or to produce them in-house. Either of two processes could be used for in-house production;
What was the result of the kenedy tax cut of 1964 : What was the result of the Kenedy tax cut of 1964? I believe it is that the unemployment rate decreased and the economic growth rate increased, yet I see sometimes where it states that unemployment increased
The data collected can include : The data collected can include _____.

Reviews

Write a Review

Operation Management Questions & Answers

  Explain how many seats should the airline reserve for class

The airline estimates which the demand of full fare customers is between 51 also 100, all numbers equally likely. To maximize the expected revenue, should the airline sell one more discount ticket. Explain how many seats should the airline reserve fo..

  Explain the outcomes for which the business is striving

You have learned that the data utilized should align with the outcomes for which the business is striving. What if the data does not align with the business outcomes. What potential issues could this cause in terms of making an informed decision. ..

  Software to solve a forecasting problem

The purpose of this simulation project is to provide you with an opportunity to use the POM-QM for Windows software to solve a forecasting problem.

  Compute the average number of machines

Compute the average number of machines that will break down per week. Simulate the following decision situation for 20 weeks, and recommend the best decision.

  Compare and contrast each sector of the framework

Choose two service companies that you are familiar with such as Facebook, eBay, and UPS, and apply them to Hill's Strategy Development Framework. Note: Refer to Chapter 4 of the text for information on Hill's Strategy Development Framework.

  What must be the map coordinates of the new factory graph

a manufacturer of oak barrels has factories in an area at the location coordinates provided in the following table.

  Write down 200 words descrbing some of the challenges

write 200 words explainng some of the challenges associated with using the chase strategy and

  Describe factors regarding the corporate culture that were

1 discuss factors about the corporate culture that were at play and suggest central reasons why the executive staff

  What are the annual carrying cost

a. What is Office Supreme's optimal ordering quantity? b. What is the reorder point? c. What is the annual number of orders? d. What is the optimal interval (in working days) between orders? e. What are the annual carrying cost, ordering cost and ..

  Illustrate what about my two other supposedly

Illustrate what about my two other supposedly "free questions" are those included in this fee. Or is the fee just for the Thomas Kratzer question

  What management techniques do not account for individual

What management techniques do not account for individual behaviors and attitudes?

  Explain the levels of performance of quality

Using an example of your own choice, describe how the cost of the operation might be affected by changing the levels of performance of quality, speed, dependability and flexibility.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd