EKA manufacturing company Case Study.
EKA manufacturing company produces part #2206 for the aerospace industry. The unit production cost of part #2206 is $3. The fixed monthly cost of operating the production facility is $3000. Next month’s demand for part #2206 is 200 units. EKA manufacturing company Case Study.How much should the company charge for each unit of part #2206 to break even?
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102) A bed-and-breakfast breaks even every month if they book 30 rooms over the course of a month. Their fixed cost is $6000 per month and the revenue they receive from each booked room is $180. What is their variable cost per occupied room?
103) Administrators at a university will charge students $150 to attend a seminar. It costs $3000 to reserve a room, hire an instructor, and bring in the equipment. EKA manufacturing company Case Study. Assume it costs $25 per student for the administrators to provide the course materials. How many students would have to register for the seminar for the university to break even?
A) $130
B) $140
C) $148
D) $160
A) $12
B) $15
C) $18
D) $20
A) 18
B) 20
C) 24
D) 30
104) A university is planning a seminar. It costs $3000 to reserve a room, hire an instructor, and bring in the equipment. Assume it costs $25 per student for the administrators to provide the course materials. If we know that 20 people will attend, what price should be charged per person to break even?
A) $120
B) $150
C) $175
D) $200
105) It costs $50,000 to start a production process. Variable cost is $25 per unit and revenue is $45 per unit. What is the break-even point?
A) 1000 units
B) 1111 units
C) 2000 units
D) 2500 units
106) Which of the following statements is false?
A) Decision models selectively describe the managerial situation.
B) Decision models consider all factors from the real world.
C) Decision models designate performance measures that reflect objectives.
D) Decision models designate decision variables.
107) Decision support systems and sensitivity analysis are useful management science tools for answering the question:
A) by when?
B) who else?
C) how much?
D) what if?
108) A difficult aspect of using spreadsheets to solve management science problems is
A) obtaining the solution to standard management science problems.
B) data entry. EKA manufacturing company Case Study.
C) performing sensitivity analysis.
D) setting up a spreadsheet with complex models and formulas.
109) A technique that assumes certainty in its solution is referred to as
A) stochastic.
B) probabilistic.
C) deterministic.
D) parametric.
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110) Classification of management science techniques does not recognize
A) linear mathematical programming.
B) probabilistic techniques.
C) network techniques.
D) computer programming.
111) Linear mathematical programming techniques assume that all parameters in the models are
A) known with certainty. EKA manufacturing company Case Study.
B) unknown.
C) predictable.
D) unpredictable.
112) Decision analysis is a __ technique.
A) linear mathematical programming
EKA manufacturing company Case Study.