1 answer

Please present your answer to the following problem in a clearly labeled table. Note that all...

Question:

Please present your answer to the following problem in a clearly labeled table. Note that all tables and statements must have
Please present your answer to the following problem in a clearly labeled table. Note that all tables and statements must have a three line title stating the company name, the type of table or statement, and, if applicable, the time period. E1-20B Lean production cost-benefit analysis (Learning Objective 5) Paradise Rides manufactures snowboards. Tom Posney, the CEO, is trying to decide whether to adopt a lean thinking model. He expects that adopting lean production would save S87,000 in warehousing expenses and $35,200 in spoilage costs. Adopting lean production will require several one-time up-front expenditures: $45,100 for an employee training program, $35,000 to streamline the plant's production process, and $7,750 to identify suppliers that will guarantee zero defects and on-time delivery. Requirements 1. What are the total costs of adopting lean production? 2. What are the total benefits of adopting lean production? 3. Should Paradise Rides adopt lean production? Why or why not?

Answers

1.

Employee training program $45,100
Streamline of plant production process 35,000
Identifying suppliers 7,750
Total cost of adopting lean production $87,850

2.

Savings in warehousing expenses $87,000
Savings in spoilage cost 35,200
Total benefit of adopting lean production $122,200

3.

As per above results, Paradise rides should adopt lean production as total benefits is more than total costs.

.

Similar Solved Questions

1 answer
List ten different settings for nursing practice
list ten different settings for nursing practice...
1 answer
Question 1 of 2 - / 40 !!! View Policies Current Attempt in Progress M. Swifty...
Question 1 of 2 - / 40 !!! View Policies Current Attempt in Progress M. Swifty Corporation has 16,000 shares of 9%, $100 par value, cumulative preferred stock outstanding at December 31, 2020. No dividends were declared in 2018 or 2019. If M. Swifty wants to pay $450,000 of dividends in 2020, what a...
1 answer
St. Benedict Hospital has three primary revenue producing departments (Inpatient, Outpatient, Clinic) with the following revenue...
St. Benedict Hospital has three primary revenue producing departments (Inpatient, Outpatient, Clinic) with the following revenue and cost projections. In order to better determine the departments’ overall true cost and profit margin, management wants to allocate service department costs as ove...
1 answer
(discrete math) i need help with sets 15. Let A={1,3,5,7,9), B - {3,6,9), C= {2,4,6,8) and...
(discrete math) i need help with sets 15. Let A={1,3,5,7,9), B - {3,6,9), C= {2,4,6,8) and U - {1,2,3,4,5,6,7,8,9). Find: a. AUB b. AnB And e. A-B f. P(B)...
1 answer
8 pts Question 2 U Find the standard deviation of the sampling distribution for of samples...
8 pts Question 2 U Find the standard deviation of the sampling distribution for of samples of size n = 49, when the source distribution's population mean is 101 and and population standard deviation is 15.6 101 15.6 O 6,47 14.4 2.23 Question 3 8 pts The weights of people in a certain population ...
1 answer
Required information Problem 14.056 The two machines shown are being considered for a chip manufacturing operation....
Required information Problem 14.056 The two machines shown are being considered for a chip manufacturing operation. Assume the MARR is a real return of 14% per year and that the inflation rate is 5.2% per year. -780.000 Machine First Cost. $ M&O. $ per year Salvage Value, $ Life, years -145,000 ...
2 answers
Hi, I was just curious if anyone remembers how to turn a repeating fraction into a decimal
Hi, I was just curious if anyone remembers how to turn a repeating fraction into a decimal?...
1 answer
Worldwide Medical Devices (WMD) manufactures medical diagnostic equipment at several locations across Europe. WMD has traditionally...
Worldwide Medical Devices (WMD) manufactures medical diagnostic equipment at several locations across Europe. WMD has traditionally manufactured high-quality large medical equipment for use in hospitals. Recently, the firm has developed a new technology that makes testing vitamin D deficiency at GP ...
1 answer
Write a python program to handle data from/to files (open, read/write, delete to handle data). It...
Write a python program to handle data from/to files (open, read/write, delete to handle data). It uses exception handling – try and except to catch and handle exceptions....
1 answer
A concave mirror (f1 = 13.6 cm) and a convex mirror (f2 = −5.90 cm) are...
A concave mirror (f1 = 13.6 cm) and a convex mirror (f2 = −5.90 cm) are facing each other and are separated by a distance of 34.0 cm. An object is placed between the mirrors and is 17 cm from each mirror. Consider the light from the object that reflects first from the concave mirror and then f...
1 answer
If you are given an assignment to select for a completely dominant trait or trait that...
If you are given an assignment to select for a completely dominant trait or trait that the genes display no dominance, which would be easier to select against, why?...
1 answer
Electromechanical engergy conversion please use the figure below to solve the problem 1-19. Figure PI-14 shows...
electromechanical engergy conversion please use the figure below to solve the problem 1-19. Figure PI-14 shows a simple single-phase ac power system with three loads. The voltage source is V = 24020° V, and the impedances of these three loads are Z| = 10230° N Z, = 10245° N Z= 102-90&...
2 answers
The magnitude of the net force exerted in the x direction on a 3.90-kg particle varies in time as shown in the figure b...
The magnitude of the net force exerted in the x direction on a 3.90-kg particle varies in time as shown in the figure below. (a) Find the impulse of the force over the 5.00-s time interval. I = ? (N · s) (b) Find the final velocity the particle attains if it is originally at rest. Vf = ? (m/s...
1 answer
Chapter 09, Problem 57 Chalkboard Video A bowling ball encounters a 0.760-m vertical rise on the...
Chapter 09, Problem 57 Chalkboard Video A bowling ball encounters a 0.760-m vertical rise on the way back to the ball rack, as the drawing illustrates. Ignore frictional losses and assume that the mass of the ball is distributed uniformly. The translational speed of the ball is 5.57 m/s at the botto...
1 answer
The population of Lost Town was 25, 150 in 2010 and 27,351 in 2016. Assuming an...
The population of Lost Town was 25, 150 in 2010 and 27,351 in 2016. Assuming an exponential growth rate, find the k value to 4 decimal places of the exponential growth equation with Po = 25, 150. Then predict the population of Lost Town in 2021. Round the predicted population to the nearest whole nu...
1 answer
Assuming that everyone is married into the pedigree is either heterozygous or homozygous, what is the...
Assuming that everyone is married into the pedigree is either heterozygous or homozygous, what is the probability that the first child of the couple A and B will have the disease? Lo...
1 answer
4. What is a stack in a microprocessor? What is the major different between a stack...
4. What is a stack in a microprocessor? What is the major different between a stack and a FIFO(First-In-First-Out)? Please explain the role of the stack pointer (SP)....
1 answer
A company has 1,500 units in ending work in process that are 20% complete after transferring...
A company has 1,500 units in ending work in process that are 20% complete after transferring out 10,000 units. All materials are added at the beginning of the process. If the cost per unit is $3 for materials and $6 for conversion, what is the cost of units transferred out and in ending work in proc...