The company continues its production training with its new recruits and you are preparing the information on the final stages of the production planning and what takes place at the productivity activity control PAC). You have to ensure the following information are in the document: i

Briefly describe the responsibility of the production activity control and its three core functions.

ii. Briefly explain the 4 planning files that must be available at the PAC stage be sure to explain the importance of each file to the planning process?

3 b) Pricing has limits and its upper limits are dependent on the market while its lower limits are dependent on the costs associated with making the products. i. Define the terms fixed cost and variable cost and give two examples of each

ii. Briefly explain the breakeven point. 1 Marks iii. To make a particular component requires an overhead (fixed) cost of $10,000 and a variable unit cost of $10.50 per unit. a

What is the total cost and the average cost of producing a lot of 5000?

If the selling price is $20 per unit, what is the break-even point?