Action Motor Sports Company uses a machine that can produce 100 razor scooters per hour. The...

Action Motor Sports Company uses a machine that can produce 100 razor scooters per hour. The firm operates 12 hours per day, five days per week. Due to regularly scheduled preventive maintenance, the machines will have to be down 5% of the available time. Based on experience with other products produced during preventive maintenance, the firm expects to achieve an efficiency level for the wheels of 95%. Last week's production was 5,640 scooters, some 60 units below effective capacity

a. What is the expected weekly output of wheels for this company?

b. Which of the following is NOT true?

c. If the company received an order for 9,000 razor scooters per week and switched to a 24 hour operation, is it likely they would be able to fulfill demand?

Expert Solution

Amanda K answered 2 years ago

Christopher's Cranks uses a machine that can produce 100 cranks per hour. The firm operates 12...

Christopher's Cranks uses a machine that can produce 100 cranks per hour. The firm operates 12 hours per day, five days per week. Due to regularly scheduled preventive maintenance, the firm expects the machine to be running during approximately 95% of the available time. Based on experience with other products, the firm expects to achieve an efficiency level for the cranks of 85%. What is the expected weekly output of cranks for this company?

Sam can produce 6 donuts per hour or 18 cupcakes per hour. Milly can produce 3...

Sam can produce 6 donuts per hour or 18 cupcakes per hour. Milly can produce 3 donuts per day or 15 cupcakes per hour. Who has an absolute advantage in which product(s)? Find Sam’s opportunity costs for one donut and for one cupcake. Find Milly’s opportunity costs for one donut and for one cupcake. Sam has a comparative in which product(s)? Milly has a comparative advantage in which product(s)? Who should specialize in what product? What would be a mutually...

Assume you can produce 6 fish per hour or 5 baskets of berries per hour, and...

Assume you can produce 6 fish per hour or 5 baskets of berries per hour, and your neighbor can produce 5 fish per hour or 1 basket of berries per hour. 1) •Who has the absolute advantage in catching fish? In picking berries? How did you determine your answer? 2) •What is your opportunity cost of another fish? 3) •What is your neighbor’s opportunity cost of another fish? 4)•Who has a comparative advantage in catching fish? 5)•What is your opportunity...

Country A can produce 2 televisions per hour of labor or 6 tables per hour. Country...

Country A can produce 2 televisions per hour of labor or 6 tables per hour. Country B can produce 1 television per hour of labor or 4 tables per hour. A) Which country has an absolute advantage with televisions? With tables? Explain your answer. B) Which country has an comparative advantage with televisions? With tables? Explain your answer C) Which country should produce televisions? Which country should produce tables? Explain your answer.

(a) Suppose Emma can produce 2 cookie or 6 brownies per hour, and Seamus can produce...

(a) Suppose Emma can produce 2 cookie or 6 brownies per hour, and Seamus can produce 4 cookies or 4 brownies per hour. Explain who has an absolute and who has a comparative advantage for cookies and brownies. (b) How would this explain trade between Emma and Seamus?

A can company reports that the number of breakdowns per 8-hour shift on its machine operated...

A can company reports that the number of breakdowns per 8-hour shift on its machine operated assembly line follows a Poisson distribution with a mean of 1.5. What is the probability of exactly three breakdowns on the midnight shift? What is the probability of greater than two breakdowns in one hour? What is the probability that the time between two successive breakdowns is at most three hours? If two hours have gone by without a breakdown, what is the probability...

If Blue country uses it resources to produce q-tips, it can produce 100 units. For the...

If Blue country uses it resources to produce q-tips, it can produce 100 units. For the same resources, Blue country could choose to produce 25 units of pens. For Green country, it is either 90 units of q-tips or 30 units of pens. Alright, first of all, who has the absolute advantage in q-tips, pens? Who has the comparative advantage in q-tips, pens? Should this countries trade? If so, at what “price” range?

Consider a company which purchases a machine for 35000. The machine can be used to produce...

Consider a company which purchases a machine for 35000. The machine can be used to produce a good for 5 years. After 5 years, it has a disposal or resell value of x which is subject to taxation. The company operates in a country where the tax code allows for a 20% Writing Down Allowance (WDA) on capital expenditures. Which of the following statements is not correct? a) The Written Down Value at the end of Year 1 is 28000,...

Happy Clicks Inc. uses a predetermined overhead allocation rate of $4.75 per machine hour. Actual overhead...

Happy Clicks Inc. uses a predetermined overhead allocation rate of $4.75 per machine hour. Actual overhead costs incurred during the year are as follows: Indirect materials $5,200 Indirect labor $3,750 Plant depreciation $4,800 Plant utilities and insurance $9,530 Other plant overhead costs $12,700 Total machine hours used during the year 7,520 hours What is the amount of manufacturing overhead cost allocated to Work-in-Process Inventory during the year? Is the manufacturing overhead account under or over allocated and if so by...

Consider a company which purchases a machine for £25′000. The machine can be used to produce...

Consider a company which purchases a machine for £25′000. The machine can be used to produce a good for 4 years. After 4 years, it has a disposal or resell value of x which is subject to taxation. The company operates in a country where the tax code allows for a 20% Writing Down Allowance (WDA) on capital expenditures. Which of the following statements is not correct? a) The Written Down Value at the end of Year 1 is £20′000,...

Question