18PM EDC SPET 2021 EXAM (RAJ) – SET 1Q30Q31Q32Q33Required: Based on maximising expected value, decide the optimal price per unit
19PM EDC SPET 2021 EXAM (RAJ) – SET 1Q34Q35REQUIRED:Determine the supply level if decision criteria is to minimax regretQ36
20PM EDC SPET 2021 EXAM (RAJ) – SET 1Q37Q38Q39
21PM EDC SPET 2021 EXAM (RAJ) – SET 1Q40Required:A.Explain the PV chart does not provide useful summary of the budgeted data.B.Explain the meaning of point X on the chart?C.Calculate the break even revenue if1.Products are sold on constant mix2.Products are sold based on most profitableQ41
22PM EDC SPET 2021 EXAM (RAJ) – SET 1The total production cost in November was $15,000. It is company policy to apportion common cost based on salesvalue(b) Calculate the total profit for Process Co based on part (a) decisionQ42
23PM EDC SPET 2021 EXAM (RAJ) – SET 1Q43Cara Co makes two products, the Seebach and the Herdorf. To make a unit of each product the following resourcesare required:SeebachHerdorfMaterials ($100 per kg)5 kg7 kgLabour hours ($45 per hour)2 hours3 hoursMachine hours ($60 per hour)3 hours2 hoursFixed overheads are $300,000 each month.The contribution per unit made on each product is as follows:SeebachHerdorfContribution ($ per unit)250315The maximum demand each month is 4,000 units of Seebach and 3,000 units of Herdorf. The products and materialsare perishable and inventories of raw materials or finished goods cannot be stored.Cara Co has a legally binding obligation to produce a minimum of 2,000 units of Herdorf in each of months 1 and 2.There is no minimum production required in month 3.
PM EDC SPET 2021 EXAM (RAJ) – SET 1The manufacturing manager is planning production volumes and the maximum availability of resources for months 1,2 and 3 are as follows:Month12Materials (kg)34,00042,00035,000Labour (hours)18,00012,00024,000Machine (hours)18,00019,00012,000For month 3 the following linear programming graph has been produced:Required:A.What is/are the limiting factor(s) in month 1?3B.What is the production volume for Herdorf for month 2 (to the nearest whole unit)?
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C.If the shadow price for month 2 is $125 per labour hour, which of the following statements is/arecorrect?1.The production manager would be willing to pay existing staff a maximum overtime premium of $125per hour for the next 2,000 hours2.The production manager would be willing to pay a maximum of $170 per hour for an additional 2,000hours of temporary staff timeD.What is the maximum profit which can be earned in month 3?E.Which of the following interpretations of the linear programming graph produced for month 3 is/arecorrect?
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25PM EDC SPET 2021 EXAM (RAJ) – SET 1Q44TGV Cinemas operates a chain of 30 cinemas. Standard admission price is $7 per person, but this is
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