Chapter o Homew ebook 50,000-unit production quantity: $ 227,049 7 70,000-unit production quantity: $ 66,751 d. In addition to mean profit, what other factors should FTC consider in determining a production quantity? The input in the box below will not be graded, but may be reviewed and considered by your instructor I Compare the three production quantities (50.000, 60,000, and 70,000) using all these factors. What trade-off occurs for the probabil a shortage occurs? Round your answers to 3 decimal places 50,000 units: 60,000 units: 70,000 units What is your recommendation Previous Check My Work Stand Sunt for All work saved MacBook 09 8 ged 20 Fa 0 A & 7 00 * 9 % 5 $ 4 6 0 U Y R E L Connect rent bills wifi My Home Chapter 8 Homew.. took Problem 12-11 In preparing for the upcoming holiday season, Fresh Toy Company (FTC) designed a new doll called The Dougle that teaches children how to dance. The fixed cost to produce the doll is $100,000. The variable cost, which includes material, labor, and shipping costs, is $34 per doll During the holiday selling season, FTC will sell the dolls for $42 each. I FTC overproduces the dolls, the excess dols will be sold in January through a distributor who has agreed to pay FTC $10 per doll, Demand for new toys during the holiday selling season is extremely uncertain Forecasts are for expected sales of 60,000 dolls with a standard deviation of 15,000. The normal probability distribution is assumed to be a good description of the demand. FTC has tentatively decided to produce 60,000 units (the same as average demand), but it wants to conduct an analysis regarding this production quantity before finalizing the decision a. Create a what I spreadsheet model using a formula that relate the values of production quantity, demand sales, revenue from somer, amount of surplus, revenue from sales of surplus, total cost and net profit. What is the profit corresponding to average demand (60,000 units) 380,000 b. Modeling demand as a normal random variable with a mean of 60,000 and a standard deviation of 15,000, simulate the sales of the Doupe doll using a production quantity of 60,000 units. What is the estimate of the average profit associated with the production quantity of 60,000 dolls Round your answer to the nearest dollar. 5 187,645 How does this compare to the profit corresponding to the average demand (as computed in part: (a)?? Average profit is less than the profit corresponding to average demand c. Before making a final decision on the production quantity, management wants an analysis of a more gressive 70.000-unt production and more concerten.ch the the Previous Check My Work SA Ging All work saved MacBook 8: ) PRO be 90 0 A & 7 % 9 8 * 6 5 4 3 0 P U T Y E R L G H F C Chapter o Homew ebook 50,000-unit production quantity: $ 227,049 7 70,000-unit production quantity: $ 66,751 d. In addition to mean profit, what other factors should FTC consider in determining a production quantity? The input in the box below will not be graded, but may be reviewed and considered by your instructor I Compare the three production quantities (50.000, 60,000, and 70,000) using all these factors. What trade-off occurs for the probabil a shortage occurs? Round your answers to 3 decimal places 50,000 units: 60,000 units: 70,000 units What is your recommendation Previous Check My Work Stand Sunt for All work saved MacBook 09 8 ged 20 Fa 0 A & 7 00 * 9 % 5 $ 4 6 0 U Y R E L Connect rent bills wifi My Home Chapter 8 Homew.. took Problem 12-11 In preparing for the upcoming holiday season, Fresh Toy Company (FTC) designed a new doll called The Dougle that teaches children how to dance. The fixed cost to produce the doll is $100,000. The variable cost, which includes material, labor, and shipping costs, is $34 per doll During the holiday selling season, FTC will sell the dolls for $42 each. I FTC overproduces the dolls, the excess dols will be sold in January through a distributor who has agreed to pay FTC $10 per doll, Demand for new toys during the holiday selling season is extremely uncertain Forecasts are for expected sales of 60,000 dolls with a standard deviation of 15,000. The normal probability distribution is assumed to be a good description of the demand. FTC has tentatively decided to produce 60,000 units (the same as average demand), but it wants to conduct an analysis regarding this production quantity before finalizing the decision a. Create a what I spreadsheet model using a formula that relate the values of production quantity, demand sales, revenue from somer, amount of surplus, revenue from sales of surplus, total cost and net profit. What is the profit corresponding to average demand (60,000 units) 380,000 b. Modeling demand as a normal random variable with a mean of 60,000 and a standard deviation of 15,000, simulate the sales of the Doupe doll using a production quantity of 60,000 units. What is the estimate of the average profit associated with the production quantity of 60,000 dolls Round your answer to the nearest dollar. 5 187,645 How does this compare to the profit corresponding to the average demand (as computed in part: (a)?? Average profit is less than the profit corresponding to average demand c. Before making a final decision on the production quantity, management wants an analysis of a more gressive 70.000-unt production and more concerten.ch the the Previous Check My Work SA Ging All work saved MacBook 8: ) PRO be 90 0 A & 7 % 9 8 * 6 5 4 3 0 P U T Y E R L G H F C