Variable outputs - Study guides, Class notes & Summaries

Variable cost = - ANSWERSUnit Variable Cost * Quantity Produced (Descriptive Model) Total Cost = - ANSWERSFixed Cost + Variable Cost * Quantity Produced Also written as FC + VC * QP = TC (Descriptive Model) Logic suggests that variable cost is the unit variable cost times the quantity of item produced. - ANSWERSTrue __________ has an influence on profit by predicting how many units of a product will be sold. - ANSWERSDemand ______________produced is a decision option typically base...

What is the Variable Cost Formula? - ANSWERUnit Variable Cost x Quantity Produced T/F: Quantity produced is a decision option typically based on demand. - ANSWERTRUE Multiple outputs may be evaluated using what? - ANSWEROne-Way data tables Two-Way data tables can evaluate ONLY what? - ANSWEROne output variable What are Proportional Relationships? - ANSWEROften found in problems involving mixtures or blends of materials or strategies What are Balance Constraints? - ANSWEREssentiall...

supply and demand correct answersthe amount of a commodity, product, or service available and the desire of buyers for it, considered as factors regulating its price. High supply and low demand correct answerslower prices Low supply and high demand correct answershigher prices law of diminishing returns correct answersrefers to a point at which the level of profits or benefits gained is less than the amount of money or energy invested. fixed costs correct answersCosts that do not var...

Which device do you use to measure voltage? - Answer-Multi Meter If you were asked to check out the I/O card on a plc, which card would you look at? - Answer-Input Card What does the term current refer to while dealing with electricity? - Answer-Amps On a hydraulic pump if you were told the pump is cavitating, what would you check for? - Answer-Low fluid in the tank In a 480 volt three phase system, what would your meter read if you went from one leg to ground? - Answer-277 WHICH TOOL IS ...

Variable cost = ? - ANSWERUnit Variable Cost * Quantity Produced Total Cost = - ANSWERFixed Cost + Variable Cost* Quantity Produced Also written as C=F+VQ Logic suggests that variable cost is the unit variable cost times the quantity of item produced. Thus a ____________ would be - ANSWERdescriptive model _______has an influence on profit by predicting how many units of a product will be sold.______________produced is a decision option typically based on demand. - ANSWER1) Demand 2) Q...

requirements - ANSWERProblem statements such as production must be sufficient to meet promised customer orders would be categorized as a ________ constraint. Unit Variable Cost * Quantity Produced - ANSWERVariable Cost = Fixed Cost + Variable Cost * Quantity Produced - ANSWERTotal Cost = Demand - ANSWER_____ has an influence on profit by predicting how many units of a product will be sold. Quantity produced is a decision option typically based on this. = Revenue - Variable Cost - Fix...

Constraints in an Optimization Model - ANSWER•Constraints are limitations, requirements, or other restrictions that are imposed on any solution, either from practical or technological considerations or by management policy. variable cost - ANSWERunit variable cost*quntity produced total cost - ANSWERfixed cost+variable cost*quantity produced demand - ANSWERdemand has an influence on profit by predicting how many units of a product will be sold. quantity produced is a decision option t...

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WGU C720 OA- Operations and Supply Chain Management Complete Guide with Vocabularies| 2023/ 2024 Newly Updated!!! QUESTION Documentation Answer: The act of putting a procedure into writing. QUESTION ISO 9000 Answer: 2000: An international quality standard. QUESTION Plan-Do-Check-Act Cycle/Deming Wheel/Shewhart Cycle Answer: A cycle of continuous improvement that is repeated indefinitely. Planning involves using appropriate tools to identify problem...