Bus 275 Midterm 2

Front 1

Max x

Back 1

Max intersection point

Front 2

Max y

Back 2

Max answer when you plug in max x, or max fixed cost absolute value , or max profit pointconver

Front 3

Convert fixed costs

Back 3

Fc times y cm / max y

Front 4

Convert crossover points

Back 4

Crossover point times x cm / max x

Front 5

3 types of points needed

Back 5

Fixed costs, crossover points, y values when younplug in max x

Front 6

How to plot bep

Back 6

F/(p-v), use max x tonconvert, plot on x axis draw a vertical line

Front 7

Revenue line and how to convert to cm

Back 7

Two points

(0,0) (max x, price times max x)

Y axis cm and max y to convert

Front 8

Profit line equation

Back 8

X(price-variable cost) -F

Front 9

Profit line crossover points, ** how to convert??**

Back 9

Set profit equations = to eachother and solve

Front 10

Profit crossover analysis conversions

Back 10

-Use ***12cm*** in y axis conversions (12cm neg 12cm pos)

-FC conversions- use negative FC from profit equation

Front 11

Negative profit

Back 11

Negative profit = no process superior

Front 12

Effective capacity - how to find

Back 12

(DC) x (U%) = new #,

(new #)/(E%) = EC effective capacity

Front 13

Calculate waste if waste is 10%

Back 13

Do 0.1 times cost = ___+ cost = waste

Front 14

General BEP formula (for an item**?, simplest one)

Back 14

F/ (P-V)

F = fixed cost

P=profit or revenue, price in COA,

V= variable cost

Front 15

6 columns-how to obtain column 7, and explain each one and acronym

Back 15

1-(v/p) x (%Sales or revenue)

I c p

v 1 p

1-i item

2-p price (to customer)

3-c cost (to vendor)

4-V (v=cost +waste)

5- 1-(V/P)

6-% sales (same as % of revenue)

5x6 =7 , weighted contribution (need sum if this column)

Front 16

BEP expected item sales (dollars)

Back 16

(Total BEP) x (% sales for that item =____

Front 17

BEP expected item sales (dollars)

Back 17

(Total BEP) x (% sales for that item =____

Front 18

Expected sales qty to break even

Back 18

Number from total bep times % sales divided by price per unit of item

Front 19

Formula for labor cost

Back 19

# of workers x labor cost per worker per day

/

Output in units per day

Front 20

Is highest or lowest weighted score better?

Back 20

Highest

Front 21

How to calculate factor score?

Back 21

For each location:

do factor weight times factor points

For all factors

Sum the total