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Exam 6: Manufacturing and Service Processes

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Question 41

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You are hired as a consultant to decide if your client should purchase a new,highly specialized,piece of equipment.The product to be produced by this equipment is forecast to have a total worldwide demand of 15,000 units over the entire product life.The initial investment to acquire and install the equipment is $256,000.The variable cost to produce each unit will be $15 and the selling price for the finished product will be $30.Which of the following best describes the situation the firm is facing?

A) The company will recover its initial investment
B) The company's total margin will be less than its investment
C) It is a good investment
D) The break-even is lower than the 15,000 units that are expected to sell
E) All of the above

F) A) and B)
G) A) and C)

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Question 42

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A general purpose machine is less capable than a special purpose machine in certain tasks but can perform a broader variety of tasks.

A) True
B) False

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Question 43

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One trade-off illustrated by the product-process matrix is between flexibility and cost.

One methodology used to evaluate equipment investment decisions where the investment entails an initial investment,fixed costs,and variable costs is Break-Even Analysis.

You have just determined the actual number of workstations that will be used on an assembly line to be 25 using the assembly-line balancing procedure.The cycle time of the line is 30 seconds and the sum of all that tasks required on the line is 10 minutes.What is the line's efficiency? ________________________________

A manufacturer has identified the options for acquiring a machined part.It can make the part on a numerically controlled lathe for $150 per unit (including materials. )It can make the part on a standard lathe for $250 per unit (also including materials. )It can make the part on a machining center for $50 per unit (also including materials. )The manufacturer can acquire a standard lathe for $10,000.It could acquire a numerically controlled lathe for $100,000.A machining center would cost $350,000.It has also found that it can purchase the part for $350 per unit.

Which of the following is not considered a major work flow structure?

The term "assembly line" refers to progressive assembly linked by some material handling device.

Process selection refers to the strategic decision of selecting which kind of production processes to use to produce a product or provide a service.

Distinguish between a workcenter and a manufacturing cell.

The essential issue in satisfying customers in the make-to-stock environment is to balance the cost of the finished item against the willingness of the consumer to pay for it.

According to Little's law,which of the following can be used to estimate work-in-process inventory?

Using the assembly-line balancing procedure,which of the following is the theoretical minimum number of workstations if the task times for the six tasks that make up the job are 7,4,7,5,3 and 6 minutes,and the cycle time is 8 minutes? ______________________________________