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Q1:The break-even point can be defined as the production and sales levels of a given product at which the revenue generated from the sales is perfectly equal to the production cost. At this point, the company does not make any profit or loss; that is, it breaks even. The shut-down point refers to the minimum price where companies prefer shutting down their operation instead of continuing to operate. In other words, it is the minimum price and quantity for keeping operations open. Break-even price P2 Shut-down price P1 MC £ AVC 9₁ 9₂ ATC As seen previously, the break-even point is the point where the marginal cost (MC) equals the average total cost (ATC). The shut-down point of production, on the other hand, is the price at which the marginal cost does not even cover the average variable cost (ATC). At this point, the company is better off stopping its production than keeping producing at a loss. Suppose the hospital operates in a perfectly competitive market. The market price of this product is $40. Assume that a manufacturing company Total Cost (TC) function is TC = 20Q6Q+Q" What is the minimum market price for which you will choose to produce?See Answer
Q2:1. Cummins Crane Corporation (3C) is considering replacing its controllers on its heavy lift cranes with new portable infrared controllers. 3C expects to achieve cost savings of $15K the second year, increasing by $1500 each year thereafter for the next 4 years. » Draw the Cash Flow Diagram (10 points) b. At an interest rate of 12% per year, what is the equivalent annual worth of the savings? (40 points)See Answer
Q3:2. Given the nominal rate of 22% . What is the effective rate if compounded annually (10 points) b. For the following compounding periods, fill in the blanks. Show your work beside each row for credit (5 points each row) Compound PeCompound Peri% CSA CQ CM CD C Hourly C Minutely C Secondly CC N/ASee Answer
Q4:You are shopping for a new laptop and want to compare the prices of three laptops. You will compare laptops with similar specifications, but where the brands and/or models are different. Perform the following tasks: Create a worksheet that compares the type, specifications, and the price for each laptop, as well as the costs to add an extended warranty. Use the concepts and techniques presented in this module to calculate the average price of a laptop and average cost of an extended warranty and to format the worksheet. Include a chart to compare the different laptop costs. Submit your assignment in Excel format (xlsx). You made several decisions while creating the worksheet in this assignment: how to organize the data, how to display the text, which calculations to use, and which chart to use. Describe your rationale behind each of these decisions. Note from the student: You can use Dell, Apple and HP City Lansing, MichiganSee Answer
Q5:5. A battery manufacturing plant has been ordered to cease discharging acidic waste liquids containing mercury into the city sewer system. As a 30 result, the firm must now adjust the pH and remove the mercury from its waste liquids. Quotations from three firms are included in the following A table of costs. Bidder Foxhill Instrument Quicksilver 50,000 5000 2500 7800 Almaden 90,000 5000 If the installation will last 15 years and money is worth 12%, which equipment should be purchased? Installed Cost Annual Operating Cost Annual Income from Mercury Recovery Salvage Value $ 70,000 $5000 $6500 $10,000 5- A consulting engineer has been hired to advise a town how best to proceed with the construction of a 200,000-m³ water supply reservoir. Since 32 only 120,000 m³ of storage will be required for the next 25 years, an alternative to building the full capacity now is to build the reservoir in two Astages. Initially, the reservoir could be built with 120,000 m³ of capacity and then, 25 years hence, the additional 80,000 m³ of capacity could be added by increasing the height of the reservoir. If interest is computed at 4%, which construction plan is preferred? Construction Cost Annual Maintenance Cost Build in two stages First stage $14,200,000 Second stage 12,600,000 Build full capacity now 22,400,000 0 10,000 $75,000 add $25,000 100,000 5- Use a 10-year analysis period and an 8% interest rate to determine which alternative should be selected: 36 A B First cost $6500 $12,000 Uniform annual benefit $1800 $2000 Useful life, in years 5 10See Answer
Q6:6- A pump is needed for 10 years at a remote location. The pump can be driven by an electric motor if a power line is extended to the site. Otherwise, 45 a gasoline engine will be used. Use an annual cash flow analysis and a 6% interest rate. How should the pump be powered? Gasoline Electric $2400 $9000 250 50 First cost Annual operating cost 1200 Annual maintenance 300 300 5 Salvage value Life, in years 600 10 6- Road Runner LLC (RRL) is considering three alternate routes in the desert. RRL uses a MARR of 5%. Using equivalent annual worth over the least 48 common multiple horizon, which choice is best? Route 105 Route 205 Route 305 First cost $520,000 $460,000 $395,000 Savings/year 135,000 100,000 95,000 Life 6 5 7See Answer
Q7:7- If the MARR is 8%, which alternative should be selected? 63 Year X Y 0 0 1 2 3 4 1 2 3 4 - $5000-$5000 - 3000 2000 4000 2000 4000 2000 4000 2000 7- If the minimum attractive rate of return is 14%, which alternative should be selected? 75 Year w x y Z -$1000-$500-$1200-$1500 350 165 420 500 350 165 420 500 350 165 420 500 350 165 420 500See Answer
Q8:DELIVERABLES: Topic is given in the first file. On the given topic, we need to write similarly like the 2nd document (sample file attached). 5 pages, double spaced, excluding cover page and references. Refer to the 2nd document file For format as well.See Answer
Q9: Coleg Meirion Dwyfor Qualification Title BTEC Level 3 Foundation Diploma/Diploma/Extended Diploma in Engineering (RQF) Name Learning aims B.P3 Code DLGT9/DLXD7/DLXD8 B.P4 Unit (s) Date assignment set B.M2 B.D2 Title Activity-Based Costing Learner signature Tutor Learner declaration I certify that the evidence submitted for this assignment is my own. I have clearly referenced any sources used in the work. I understand that false declaration is a form of malpractice. Unit 4 :- Applied Commercial and Quality principles in Engineering Tutor declaration Learning Aim B Criteria Tutor Comments Tutor signature Submission Date Date Date BTEC I certify that to the best of my knowledge the evidence submitted for this assignment is the learner's own. The learner has clearly referenced any sources used in the work. I understand that false declaration is a form of malpractice. Feedback Date Coleg Meirion Dwyfor BTEC Coleg Meirion Dwyfor Only one resubmission is possible per assignment, providing that any resubmission evidence must be submitted within 15 working days of receipt of results of assessment, and the following The learner has met initial deadlines set in the assignment, or has met an agreed deadline extension. Approved The tutor considers that the learner will be able to provide improved evidence without further guidance. Evidence submitted for assessment has been authenticated and accompanied by a signed and dated declaration of authenticity by the learner. Feedback Date All resubmissions must be authorised by the Programme Leader. Learner declaration Learner signature B.P3 B.P4 RESUBMISSION RESUBMISSION AUTHORISATION B.M2 Targeted Criteria Tutor Comments B.D2 Tutor declaration Tutor signature Not approved Llofnod Rheolwr y Rhaglen Programme Leader signature Resubmission Date Date I certify that the evidence submitted for this assignment is my own. I have clearly referenced any sources used in the work. I understand that false declaration is a form of malpractice. Date BTEC Y or N I certify that to the best of my knowledge the evidence submitted for this assignment is the learner's own. The learner has clearly referenced any sources used in the work. I understand that false declaration is a form of malpractice. Feedback Date Learners must read the following before starting the assignment: Learners MUST list any references or web-sites used at the end of your assignment. No Copy & Paste. The only instance when C&P will be allowed is when the text in question is placed within speech marks (i.e. "...in here..."), fully referenced and summarised in your own words. If diagrams or pictures are pasted in, they must be annotated/labelled to modify from the original. All questions are presented outside “Guidance Boxes". These must be answered comprehensively and to the letter in order to achieve related criteria. Any text placed in a box that follows "Guidance-" is a question outline and is there to provide a content framework for a comprehensive and correct answer. If a learner wishes to answer the question using a different approach, as long as the question is answered to a satisfactory level, then it is acceptable. Unit/Criteria Reference B.P3 Coleg Meirion Dwyfor B.P.4 B.M2 B.D2 Sources of information to support you with this Assignment Other assessment materials attached to this Assignment Brief Grading Criteria covered in this assignment BTEC To achieve the criteria you must show that you are able to: Explain why an engineering organisation controls costs Produce an activity-based cost model for an engineering product or service Produce accurately an activity-based cost model for an engineering product or service, explaining the reasons for cost controls Produce an accurate and refined activity-based costing model, during the process, for a product or service to determine the major cost areas that could impact on profitability, explaining the reasons for cost controls 4-2 Case Study Welcome Furniture Coleg Meirion Dwyfor BTEC Vocational Scenario or Context You are working as a final year apprentice at Welcome Furniture in Caernarfon. Your supervisor is pleased with the investigations you completed into ways that your company could gain a competitive advantage. Your supervisor has now asked you to investigate reasons why an engineering organisation would wish to control costs, so they can be considered in your organisation. To do this, your supervisor wants you to find out about the different types of costs that an engineering organisation will encounter, and ways in which these costs could be controlled. You will work with the owner Mr John Peterson and Senior engineer Adam Smith to identify the activities and processes at Welcome Funritire's manufacturing site. Task 1 You are going to investigate a) how an engineering organisation allocates costs; and b) the ways in which costs can be controlled within an engineering organisation. You will also use activity-based costing to identify any inefficiencies associated with the engineering activities. To do this: Your tutor will provide you with a case study that includes financial information about an engineering organisation which either produces engineering products or provides an engineering service. You should then: Investigate and report on the reasons why engineering organisations want to analyse and control costs, including how decision making can be influenced. Use the case study to research the costs associated with either producing a product or providing an engineering service. You should investigate how costs are allocated to individual activities, including direct costs, indirect costs, variable costs, semi-variable costs, fixed costs and general/administration costs. You should then use the case study to complete and record an iterative activity-based costing exercise to generate an activity-based cost model for an engineering product or service. This costing exercise should include five stages: 1) identifying activities; 2) assigning resource costs to activities; 3) identifying outputs; 4) assigning activity costs to outputs; and 5) assigning activity cost pools. Finally, you should reflect on the results of your activity-based costing exercise, by: a) explaining how costs are categorised; b) identifying those cost areas that have the greatest impact on the profitability of the product or service that you have investigated; and c) evaluating the reasons for producing an activity-based cost model. A research and problem solving project to explore the costs associated with engineering activities and to complete an activity-based cost model for a product or service.See Answer
Q10: Background Information An Offshore Windfarm Operator in the southern North Sea is looking to improve the operational and safety aspects of transferring technicians from Crew Transfer Vessels (CTVS) to offshore structures. CTVs are primarily used for transporting crew and tools for common maintenance operations offshore. The day rate for chartering a CTV is typically £1750 and the vessels can typically operate to a wave height level of 1.5m. In practice, a very urgent repair may warrant the charter of a more expensive vessel, which can withstand greater wave heights. Due to their flexibility, CTVs are used extensively by the Operator. At this time, the Operator plans to use the CTV 365 days per year and is capable of making 5 transfers from the boat to structures per day when the sea conditions are within normal operating conditions. The Operator expects the wind farm to be operational for another 15 years, but expects the number of transfers to increase as the system ages and more failures are realized. Currently the Operator charters a CTV for maintenance. Since the maintenance crew are employees of the Operator, who is ultimately responsible for the safe operation of the offshore windfarm, the Health and Safety Executive (HSE) requires evidence that the risks within the process of transferring crew to offshore structures are understood and are being managed. Since there are very little data available on this crew transfer process, the HSE has requested the Operator conducts a risk analysis to support an assessment of process safety. System Information The current transfer process requires the CTV to approach the offshore structure head on and requires technicians to transfer by stepping off the CTV onto an access ladder whilst being tied on with a safety rope. A detailed overview of the process is given in Appendix A. Schematics and further illustrations of a standard CTV and the operations associated with transferring crew to offshore structures is included in Appendix B. The current process has a number of issues; 1. From a safety point of view there is a risk that a rogue wave¹ may strike the vessel at the point of transfer and cause the CTV to drop leaving the technician hanging on the safety rope. The CTV will then come back up on the wave and the technician can then be crushed between the CTV and the ladder suffering severe crushing injuries or even death. 2. To mitigate risk, there is a restriction in transfer operations. CTVs are restricted to transferring technicians in significant wave heights of 1.5 meters or less. This then limits the ability of the operator to conduct maintenance on the Wind Turbine Generators (WTG). Due to this, there are times when a failure has occurred but access to the site is blocked. For every time a CTV is unable to access a turbine, the expected cost impact is £10,000 per day. The Operator is aware of risks existing within individual steps of the current process, but is unaware of the overall level of risk. As well as the safety concerns, the Operator is also unaware of the risk that they will be unable to carry out repairs and hence lose income through loss of turbine availability. A rogue wave is defined as any wave that is twice the wave height at that particular time. A transcript of a recent conversation with the Captain of a CTV has been included in Appendix C. During this conversation, the Captain has provided quantitative estimates of some of events. However, you should not assume that this list is exhaustive or that all items are relevant. Some data you want or need may be missing - for this you should make assumptions based on other data relevant to the associated failure rate or probability. In addition, note that some failure data are given as "failures per hour" and some are given as "probabilities". Thus, you should make assumptions about the meaning of these. The Operator is aware of potential control systems to protect the crew in the case of an accident. Some of these are already adopted as part of their process, e.g. the yoyo system (see Appendix A). The Operator would like to have an understanding of the potential impact of these safety control systems and the effect of adding or removing them within the transfer process. As mentioned previously, the current system only operates at wave heights of 1.5 meters or less. Appendix D contains data on the wave height at the wind farm location and the likelihood of a rogue wave. The Operator would like to be able conduct safe transfers in higher sea states. There are a number of crew transfer systems (see example image on the right) in development that aim to operate in more harsh seas states by providing the following desirable characteristics: For vessels with stable platforms and good station-keeping • Ability to operate in high sea states • Fast to deploy/recover • Robust fail-safe mechanisms • Ability to operate on variety of vessels The Operator has identified the following systems that could operate at higher sea states. System Projected sea state limit of system Capital Cost per vessel (£k) Maintenance cost per year per vessel for 10 years (£k) S1 S2 S3 1.75 2.25 2.8 1200 10 1400 20 2600 40 The Operator would like advice on the cost-benefits of using each of the above systems and give a recommendation on which system would be the best to implement at their site. The following assumptions should be made: • For every rogue wave, there is a 50% chance that it will result in either significant injury or death, depending on rogue wave height. All year round, there is a 3% chance that during any transfer, a rogue wave will occur. • The value per fatality (VPF) is taken to be £1.6million The value per significant injury is taken to be £250k. • The discount factor is assumed to be 8% per annum. • • The discount factor for VPF is to be taken as 4% per annum The Operator forecasts that there could be 200 transfers a year on site for 365 days of operation. This covers annual maintenance (which every turbine requires once per annum) and reactive maintenance. However, this figure will change over time, and the Operator is not confident of his assessment. For every lost day of WTG operation it costs the Operator £10,000 The breakdown rate for WTGs on this site is projected to be 5% per year • There are 100 wind turbines on siteSee Answer
Q11: From the following figure find the rake angle and friction angle. By using the Merchant formula find the shear angle. See Answer
Q12: The following information is known for a component that can be produced with equal facility upon either of the two machines listed. Assume a linear depreciation over 10 years (40 hours per week and 50 weeks per year). The life of the tools of the two machines is assumed to be over 500 hours. a. If 600 components are required, what would be the cost per unit using each machine? Which machine should be used? (32 marks) b. What is the breakeven point of using these two machines to manufacture the components? (28 marks) c. What would be the cost of 1200 units when it needs to be produced urgently? (40marks) d. What would be the cost of 1600 units for individual machines when the life of the tool is 1300 units? (50 marks)See Answer
Q13: Complete the following forecast table with the correct values: (please use 2 digits)Alpha= 0.80Beta= 0.80 See Answer
Q14: Instructions: Please fill the following Aggregate Planning table by using the Chase Demand strategy,when the following information is available. Beginning Inventory = 98 Beginning Workers = 11 Each worker can produce 5 pieces per month Cost of producing 1 unit by means of Regular Production = 37 ($/unit) Cost of holding 1 unit in inventory during 1 cycle = 6 ($/(unit*period)) Cost of hiring 1 worker = 434 ($/worker) Cost of firing 1 worker = 4489 ($/worker) (Write the numbers only, without any commas or any other symbol) What is the total cost of the system ($)? = ______ (Write the number only, without any commas or any other symbol, for example 3992903) See Answer
Q15: If you wish to deliver on time all units to the customer (who is expecting 1000 units for the nextcycle), but you have capacity of producing only 800 including overtime, and have 100 units ininventory from a previous cycle you can: See Answer
Q16: Consider the following charges for demand and energy: (Do NOT refer to the City of Sallisaw billing at the bottom of this document.) On-Peak charge: 16.2 cents /kWh Off-Peak charge: 3.7 cents /kWh Demand charge: $6.35/kW On-Peak period is from June 1st through October 30th, and between 9 am and 4 pm. The energy consumption for on-peak and off-peak months is as shown in the table below. Assuming no ratchet clause, compute the missing fields in the table below. If the power factor for the month is less than 0.90 at the point of delivery, billing demand will be increased by multiplying by 0.90 and dividing by the power factor (xx% expressed as .xx). Compute the missing fields in the table below. See Answer

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