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Page 2 Question 1.1. (TCO 5) What is the approximate forecast for

Page 2 Question 1.1. (TCO 5) What is the approximate forecast for May using a 4-month moving average?   Nov. Dec. Jan. Feb. Mar. April 39 36 44 46 52 50 (Points : 10)        32        44        48        40   Question 2.2. (TCO 5) In May, the actual product demand was 210 units. 200 units had been forecasted for this month. Using exponential smoothing with an alpha of 0.3, determine the June forecast. (Points : 10)        185        192        196        203   Question 3.3. (TCO 8) ABC Motors Inc. wants to increase capacity by adding another wheel balancer. The fixed cost for a machine is $6,400, and its variable cost is $3.50 per unit. ABC charges $7.50 to balance one wheel. What is the break-even point in units? (Points : 10)        250 wheels        1,600 wheels        3,000 wheels        3,429 wheels     Question 4.4. (TCO 9) A full-service gas station is considering opening a new facility in a specific city. The table below shows its ratings of four factors at each of two potential sites.   Factor Weight Midtown Bayside Affluence of local population .30 30 30 Traffic Flow .10 40 30 Parking availability .40 30 40 Growth potential .20 20 10 Using the factory rating method, the score for Midtown is _____, and the score for Bayside is _____. (Points : 10)        7; 8        30; 29        30; 45        29; 30             Question 5.5. (TCO 4) Gibson Valves produces cast bronze valves on an assembly line, currently producing 2,000 valves each 8-hour shift. If the productivity is increased by 10%, Gibson would be producing _____. (Points : 10)        180 valves/hr        200 valves/hr        220 valves/hr        275 valves/hr        1,760 valves/hr     Question 6.6. (TCO 8) A fleet repair facility has a design capacity to repair 800 trucks per month. However, due to scheduled maintenance of their equipment, management feels that they can repair no more than 600 trucks per month. Last month, two of the employees were absent several days each, and only 600 trucks were repaired. What is the utilization of the repair shop last month? (Points : 10)        30.1%        50%        66.7%        75%   Question 7.7. (TCO 3) A manufacturing plant had $.74 of raw materials, $.23 of in-progress inventory, and $1.03 of finished goods inventory at month's end. If monthly sales were $10, what is the turnover? (Assume all units are in thousands; i.e., $1 is actually $1,000). (Points : 10)                 Question 8.8. (TCO 11) Your company has compiled the following data on the small set of products that comprise the specialty repair parts division. Perform ABC analysis on the data. Which products do you suggest the firm keep the tightest control over? Explain.   SKU  Annual Demand  Unit Cost  R11  250  $250  S22  75  $90  T33  20  $60  U44  150  $150  V55  100  $75  (Points : 10)                 Question 9.9. (TCO 10) The MPS calls for 50 units of Product A and 60 of B. There are currently 35 of Product B on hand. Each A requires two of Part C; each B requires five of C. There are 160 units of C available.   (a) Calculate the net requirements for B. (b) Calculate the gross requirements for C. (c) Calculate the net requirements for C. (Points : 10)                 Question 10.10. (TCO 8) The local convenience store makes personal pan pizzas. Currently, their process makes complete pizzas, fully cooked, for the customer. This process has a fixed cost of $20,000 and a variable cost of $1.75 per pizza. The owner is considering a different process that can make pizzas in two ways:  completely cooked (as before) or partially cooked and then flash-frozen for the customer to finish at home. This alternate process has a fixed cost of $24,000 but a lower variable cost (because much less energy is used in baking) of $1.25 per pizza.   (a) What is the crossover point between the existing process and the proposed process? (b) If the owner expects to sell 9,000 pizzas, should he get the new oven? (Points : 10)

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