Relevant range-cost behavior and opportunity cost

Assignment Help Operation Management
Reference no: EM131439515

Describe IN DETAIL why the following terms are important to a manufacturer, retail or service. Period Cost, Fixed Cost, Variable Cost, Relevant Range, Cost behavior, Opportunity Cost, Sunk Cost, Direct Material Cost, and Direct Labor Cost.

Reference no: EM131439515

Questions Cloud

What will be impacted and by how much in the system : A production manager has found that machines are breaking down more frequently than in the past, and hence the overall lead time in the factory has risen by 20%. The rate of production and demand has not changed. What will be impacted and by how much..
Compare the models of trade union organization : Compare the models of trade union organization: the Knights of Labor; the American Federation of Labor (AFL) and the Industrial Workers of the World (IWW), and the CIO (Congress of Industrial Organizations). What were the strengths and weaknesses of ..
Eliminate competition between teams and build cooperation : Suggest a program to improve the decision making process. Your suggestion should both eliminate competition between teams and build cooperation between them.
Carrier has an average labor cost : A carrier has an average labor cost of $.23 per mile and fuel is currently costing them $.225 per mile. There total fixed cost that include items such as equipment, maintenance, and fuel average out to $.38 per mile. Calculate the OR using the formul..
Relevant range-cost behavior and opportunity cost : Describe IN DETAIL why the following terms are important to a manufacturer, retail or service. Period Cost, Fixed Cost, Variable Cost, Relevant Range, Cost behavior, Opportunity Cost, Sunk Cost, Direct Material Cost, and Direct Labor Cost.
Burberry case study marketing : What was their Point-of-Difference? What changes did Bravo make? Explain the dichotomy of Bravo’s strategy. Does it seem sustainable?
Use to convert occasional visitors to season ticket holders : You are part of the marketing department of a local amusement park. Even though your organization is profitable, the leadership would like to have more season ticket holders. The task of the marketing department is to convert occasional visitors to s..
Multifactor productivity fallen : A cleaning company uses $10 of chemicals, $40 of labor, and $5 of misc. expenses for each house it cleans. After some quality complaints, the company had decided to increase its use of chemicals by 50%. By what % has multifactor productivity fallen?
What are some important trends in marketing practices : What are some important trends in marketing practices? Identify some ways that companies can be responsible social marketers. What are some guiding ethical and biblical principles? How could home health agencies improve their marketing practices?

Reviews

Write a Review

Operation Management Questions & Answers

  Determine the key legal and ethical issues

Determine the key legal and ethical issues surrounding the ability of pharmaceutical companies to patent and exploit plant-derived substances, and suggest at least one (1) way in which a company might provide compensation besides direct / individual ..

  Note the most difficult part of developing the model

Develop a competency model for a job held by a friend, spouse, or roommate (someone other than yourself). Use the process discussed in the chapter to developer your model. Note the most difficult part of developing the model. How could the model be u..

  Assignment on develop a project management office plan

Develop a Project Management Office (PMO) Plan to Successfully Staff a Project and Monitor Performan

  What pitfalls should supervisors avoid at each step

Create your own definition of the decision making process. Why should supervisors write problem statements when defining the problem? What pitfalls should supervisors avoid at each step of the process?

  Describe the demographic and psychographic

Identify one product you can think of then identify and describe the demographic, psychographic, and behavioral characteristics of its target audience.

  Emerging economics make use of information technology

How can countries with emerging economics make use of information technology? Why is credit card payment a conundrum in emerging economies? What are some of the electricity problems faced by e-marketing in emerging economies?

  Two categories of project selection models

The process of evaluating proposed projects and then deciding to implement some of them to meet organizational goals is called project selection. Organizations consider several factors and use various models before making a choice between two or more..

  External and internal factor during your college career

Discuss positive and negative changes in your University's external and internal factor during your college career. Begin by listing new or emerging opportunities and threats. Then identify stremghts and weaknesses that have changed significantly dur..

  Compute total workload in hours for work order mix

Abbott Manufacturing produces plastic cases for solar photovoltaic panels and has decided to combine orders from customers to increase work order size, and thereby make one large production run per model type.

  Benefits of a more formalized approach to forecasting

M&L Manufacturing M&L Manufacturing makes various components for printers and copiers. In addition to supplying these items to a major manufacturer, the company distributes these and similar items to office supply stores and computer stores as rep..

  Ability to perform value-creating activities and realize

A company’s ability to perform value-creating activities and realize its strategic objective depends upon its. The advantage of this structure helps to lower cost by enabling the realization of economies of scope by facilitating the sharing of plant ..

  How is sensitivity analysis used in linear programming

What we can learn from Decision Modeling and Analysis that may be useful in your present and/or future career? How is sensitivity analysis used in linear programming? Give an example of types of questions that can be answered using sensitivity analys..

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