Question
(a) Explain the term limiting factor in a production strategy and give four (4) examples.(2 marks)(b) Xexe Ltd produces 4 products and is planning its
(a) Explain the term limiting factor in a production strategy and give four (4) examples.(2 marks)(b) Xexe Ltd produces 4 products and is planning its production mix for the next period. Estimatedcost, sales and production data are shown below:A B C DSelling price/unit GHCMaterials @ GHC4/kgDirect labour @ GHC2/hr50126703648020141002410 Maximum demand (Units) 3,000 3,000 3,000 3,000Required:(i) Assuming labour hours is a limiting factor in the period, advise management on the mostappropriate mix if labour hours is limited to 45,000 hours. (5 marks)(ii) Assuming, materials is a limiting factor in the period, advise management on the mostappropriate mix if materials is limited to 55,000 kgs in the period. (7 marks)(c) State and explain four (4) factors which should be considered when designing incentiveschemes. (6 marks)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started