4. (TCO 7) Assume a fixed cost for a process of $15,000. The variable cost to pr

Question

4. (TCO 7) Assume a fixed cost for a process of $15,000. The variable cost to produce each unit of product is $10 and the selling price for the finished product is $25. Which of the following is the number of units that has to be produced and sold to break-even? (Points : 3)        500 units
       667 units
       790 units
       900 units
       1,000 units    Question 5.5. (TCO 7) According to Little's law, which of the following can be used to estimate work-in-process inventory? (Points : 3)        Process time/Cycle time
       Throughput rate times Flow time
       Process velocity/Flow time
       Set up time/Throughput rate
       Value added time/Process velocity Question 6.6. (TCO 7) Which of the following is a suggestion for managing queues presented in the textbook? (Points : 3)        Train your servers to be friendly.
       Tell customers that the line should encourage them to come during slack periods.
       Give each customer a number.
       Periodically close the service channel to temporarily disperse the line.
       Use humor to defuse a potentially irritating situation. Question 7.7. (TCO 7) Which of the following are the three major components of a queuing system? (Points : 3)        The source population, how customers exit the system, and the queuing discipline
       The number of servers, the service speed, and the waiting line
       The source population, how the customer exits the system, and the servicing system
       The source population and the way customers arrive at the system, the serving systems, and how customers exit the system.
       The service speed, the queue discipline, and the waiting line 4. (TCO 7) Assume a fixed cost for a process of $15,000. The variable cost to produce each unit of product is $10 and the selling price for the finished product is $25. Which of the following is the number of units that has to be produced and sold to break-even? (Points : 3)        500 units
       667 units
       790 units
       900 units
       1,000 units   

Explanation / Answer

1. 1000 Units - Bep = Fixed cost/contribution per unit = 15000/ (25-10) = 15000/15 = 1000 units.

2. Throughput rate times flow time-Little's law says there is a long-term relationship between the inventory, throughput, and flow time of a production system in steady state. The relationship is: Inventory = Throughput rate × Flow time

3. Train your servers to be friendly- Greeting the customer by name or by another form of special attention can go a long way towards overcoming the negative feeling of a long wait. Servers be told when to invoke specific friendly actions such as smiling when greeting customers.

5. The source population, how customers exit the system, and the queuing discipline-The queuing system consists essentially of three major components: (1) the source population and the way customers arrive at the system, (2) the servicing system, and (3) the condition of the customers exiting the system The queuing system consists essentially of three major components: (1) the source population and the way customers arrive at the system, (2) the servicing system, and (3) the condition of the customers exiting the system

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