As part of the short-term scheduling process, a manager must assign tasks and resources (usually machines and people) to accomplish the job with the objective of minimizing total cost. In this activity, you will use the assignment method to do that. You work in the production facility that produces widgets. You have four different machines that can produce the same part; however, since each machine is different, the production cost is different. You are responsible for assigning jobs to machines, and you need to make sure to minimize the total cost to produce the widgets.

Calculate the best job assignments based on resources as shown in the following chart.

Costs Widget 1 Widget 2 Widget 3 Widget 4
Machine 1 $9.00 $7.00 $4.00 $6.00
Machine 2 $7.00 $8.00 $6.00 $11.00
Machine 3 $3.00 $12.00 $8.00 $13.00
Machine 4 $5.00 $11.00 $7.00 $10.00

The production manager of rordan corporation has submitted the following quarterly production forecast for the upcoming fiscal year: 1st quarter 2nd quarter 3rd quarter 4th quarter units to be produced 10,800 8,500 7,100 11,200 each unit requires 0.25 direct labor-hours, and direct laborers are paid $20.00 per hour. required: 1. prepare the company’s direct labor budget for the upcoming fiscal year. assume that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. 2. prepare the company’s direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is not adjusted each quarter. instead, assume that the company’s direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 2,500 hours of work each quarter. if the number of required direct labor-hours is less than this number, the workers are paid for 2,500 hours anyway. any hours worked in excess of 2,500 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor.

Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $385,000; cash paid for rent, $49,000; cash paid to employees for services rendered during the year, $129,000; cash paid for utilities, $59,000. in addition, you determine that customers owed the company $69,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,900 at year-end, and the rent payment was for a two-year period.

Which of the following is an example of a positive externality? a. promoting generic drugs would benefit people. b. a lower inflation rate would benefit most consumers. c. compulsory flu shots for all students prevents the spread of illness in the general public. d. singapore has adopted a comprehensive savings plan for all workers known as the central provident fund.