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  • Filename:: Answer Sheet Only and The Solutions

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    Mj Baua
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    This document contains a multi-part quiz with questions about various business and statistical concepts, including: - Calculating break-even point, total revenue, costs, and profit for a glass company - Forecasting demand using different moving averages and weighted averages - Choosing the best crop to plant using decision analysis criteria like maximax, maximin, and expected value Students are instructed to show their work on yellow paper, take a photo of their solutions, and submit the answer sheet only through Microsoft Teams by a deadline of May 27, 2022 at 8:00pm.

    Original Description:

    opman

    Original Title

    OperationsMgt_QUIZ2

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    This document contains a multi-part quiz with questions about various business and statistical concepts, including: - Calculating break-even point, total revenue, costs, and profit for a glass company - Forecasting demand using different moving averages and weighted averages - Choosing the best crop to plant using decision analysis criteria like maximax, maximin, and expected value Students are instructed to show their work on yellow paper, take a photo of their solutions, and submit the answer sheet only through Microsoft Teams by a deadline of May 27, 2022 at 8:00pm.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    35 views2 pages

    Filename:: Answer Sheet Only and The Solutions

    Uploaded by

    Mj Baua
    This document contains a multi-part quiz with questions about various business and statistical concepts, including: - Calculating break-even point, total revenue, costs, and profit for a glass company - Forecasting demand using different moving averages and weighted averages - Choosing the best crop to plant using decision analysis criteria like maximax, maximin, and expected value Students are instructed to show their work on yellow paper, take a photo of their solutions, and submit the answer sheet only through Microsoft Teams by a deadline of May 27, 2022 at 8:00pm.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 2

    On a separate sheet, write your solution in YELLOW paper and take a picture (convert to PDF).

    Use two (2)


    decimal places on the final answer. Write your final answer in the answer sheet. NO SOLUTION WILL NOT BE
    GIVEN ANY MERIT.

    Filename: use your SURNAME_QUIZ2 and send ANSWER SHEET ONLY and the SOLUTIONS to
    MS TEAMS QUIZ Channel.
    DUE: May 27, 2022 8:00pm

    A glass company produces paperweights for export. The paperweights were sold at P125 each
    which does not include shipping cost of P20 per paperweights. These paperweights are then
    marked-up in Japan of P560 per paperweights. The workers in the factory are paid, on the average,
    the equivalent of P420 per day and it is estimated that the average daily output per worker is 70
    paperweights. The cost of the material is estimated at P44 per paperweights. The fixed cost for the
    operation is P6M a year. The company operates 288 days a year.
    1. What is the break-even point?
    2. What is the total revenue if the break-even point was met?
    3. What is the total cost if the break-even point was met?
    4. What is the total variable cost?
    5. What will be the price if a profit is P10,000 and quantity of 100,000?
    6. What is the profit/loss if the required volume is at 150,000?

    Tetra sales & Services Inc., who sells Nissan cars in Dasmariñas, Cavite wants to determine the
    demand for the month of September and October. Table below shows the information;
    Month Demand
    January 60
    February 70
    March 50
    April 90
    May 10
    June 80
    July 150
    August 70
    Forecast September and October demand using each of the following:
    7. A five-month moving average.
    8. A 3-period moving average.
    9. If the demand September is 90, what is the forecasted demand for October? Use 3-MA.
    10. Exponential smoothing with a smoothing constant equal to .10.
    11. A weighted average using .60 for August, .30 for July, and .10 for June.

    A farmer wanted to decide on which crop to corn, wheat or rice. Determine the best crop to plant
    using the different criteria.
    Alternatives High Low
    Corn 2,000,000 700,000
    Wheat 1,100,000 500,000
    Rice 1,400,000 1,200,000
    12. Maximax?
    13. Maximin?
    14. Laplace?
    15. Minimax regret?
    16. Expected Value of Perfect Information?
    17. Expected Monetary Value?

    1|Page
    NAME: _________________________________________ SCORE:__________________

    ANSWER SHEET
    1

    10

    11

    12

    13

    14

    15

    16

    17

    “Success is no accident. It is hard work, perseverance, learning, studying, sacrifice and most of all love of what
    you are doing.”

    2|Page

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