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11 Cards in this Set
- Front
- Back
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An advantage of make-to stock process is which of the following |
rapid delivery of a standard product |
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The long-term relationship between the inventory, throughput, and flow time of a production system is steady state is called which of the following |
Little's Law |
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Which of the following is not considered a major process flow structure |
Fabrication |
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Assume fixed cost for a process of $20,000. The variable cost to product cash unit of product is $15 and the selling price for the finished product is $25. Which of the following is the number of units that has to be produced and sold to break even? |
20,000/(25-15) =2,000 units |
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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 13,000 units over the entire product life. The initial investment to to acquire and install the equipment is $259,000. The variable cost to produce each unit will be $10 and the selling price for the finished product will be $30. Which of the following best describes the situation the firm is facing? |
The company will recover its initial investment |
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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 4,3,6,2,5, and 8 minutes, and the cycle time is 7 minutes? |
(4+3+6+2+5+8)/7 =4 |
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Assume a fixed cost for a process $15,000. The variable cost to produce each unit of product is $10, and the selling price for the finished product is $25. Which of the following is the number of units that has to be produced and sold to break even? |
15,000/15 =1,000 |
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Which of the following is a basic type of prodution layout format? |
Manufacturing cell
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Which of the following basic types of production layout formats is one in which equipment or work processes are arranged according to the progressive steps by which the product is made? |
Assembly line layout |
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Using the assembly-line balancing procedure, which of the following is required cycle time in minutes per unit if the daily production time 480 minutes and the required daily output is 50 units |
9.6 |
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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 4,6,7,2,6, and 5 minutes and the cycle time is 10 minutes |
30/10 =3 |
