What is an important difference between capacity planning in services and capacity planning in manufacturing operations quizlet?
|
8.95% Show Labor productivity is output (revenue) divided by hours of labor input. For April, revenue was $60,000 and labor hours were 4x[(40x6)+(25x4)]. This is 60,000/1,360 or 44.12 dollars per hour of labor. For May, revenue was $50,000 and labor hours were 4x[(40x6)+(10x2)] This is 50,000/1,040 or 48.07 dollars per hour of labor a difference of $3.95 per hour. The percentage change in productivity between April and May, then, is 3.95/44.12 = 0.0895 x 100 = 8.95%. (Note: this analysis assumes four weeks in each month and equal productivity for each hour worked.) Various financial data for SunPath Manufacturing for 2012 and 2013 follow. 2015 2016 2.88 Total productivity for 2015 is $300,000 divided by the sum $40,000 + $45,000 + $10,000 + $250,000 + $2,000 or 0.8646. Total productivity for 2016 is $330,000 divided by the sum of $43,000 + $51,000 + $9,000 + 262,000 + $6,000 or 0.8895. The difference between 2015 and 2016 is 0.0249 and the percentage difference is 0.0249 divided by 0.8646 = 0.0288 or 2.88% Various financial data for SunPath Manufacturing for 2015 and 2016 follow. 2015 2016 Various financial data for SunPath Manufacturing for 2015 and 2016 follow. 2015
2016 Various financial data for SunPath Manufacturing for 2015 and 2016 follow. 2015 2016 The capacity focus concept can be put into practice through a mechanism called which of the following? Best operating level (BOL) Plant within a plant (PWP) Total quality management (TQM) Capacity utilization rate (CUR) Zero-changeover-time (ZXT) Machine C EMV of Machine A = 0.9 x 45,000 = 40,500; EMV of Machine B = 0.5 x $80,000 = $40,000; and EMV of Machine C = 0.75 x 60,000 = $45,000. Since $45,000>$40,500>$40,000 you would select Machine C. Recommended textbook solutions
Glencoe Accounting: First Year Course1st EditionGlencoe McGraw-Hill 548 solutions Financial Accounting9th EditionCharles T. Horngren, Walter T Harrison, Walter T. Harrison Jr. 1,286 solutions Financial Accounting9th EditionCharles T. Horngren, Walter T Harrison, Walter T. Harrison Jr. 1,286 solutions
Fundamentals of Financial Management, Concise Edition8th EditionEugene F. Brigham, Joel F Houston 508 solutions What is an important difference between capacity planning in services quizlet?What is an important difference between capacity planning in services as contrasted to capacity planning in manufacturing operations? Capacity flexibility means having the ability to rapidly increase or decrease production levels, or to shift production capacity quickly from one product or service to another.
What is capacity planning and why do companies engage in it?Capacity planning is the advanced development of a method or approach to ensure an organization can receive, contain, or deliver its products. Businesses cannot afford to guess when it comes to the volume or types of services, skills, or people they provide, projects they manage, or people/organizations they serve.
What are the three key questions in capacity planning?What are the three key questions in capacity planning? 1) What kind of capacity is needed? 2) How much is needed to match demand? 3) When is it needed?
When a firm's design capacity is less than the capacity required to meet its demand?A 20 percent capacity cushion equates to an 83 percent utilization rate (100%/120%). Capacity in excess of expected demand. When a firm's design capacity is less than the capacity required to meet its demand, it is said to have a negative capacity cushion.
|
