Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

To complete this exercise, you will need to download and install Tableau on your computer. Tableau provides free instructor and student licenses as well as

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
To complete this exercise, you will need to download and install Tableau on your computer. Tableau provides free instructor and student licenses as well as free videos and support for utilizing and learning the software. Once you are up and running with Tableau, watch the three "Getting Started" Tableau videos. All of Tableau's short training videos can be found here. [The following information applies to the questions displayed below.] Rollins Company manufactures two products S500 and T750. The company provided the following information with respect to these products: The company has four manufacturing departments-Fabrication, Molding, Machining, and Assemble \& Pack. The capacity available in each department (in hours) and the demands that one unit of each of the company's products makes on those departments is as follows: The company is trying to decide what product mix will maximize profits. Given that its fixed costs will not change regardless of the chosen mix, the company plans to identify the product mix that maximizes its total contribution margin. Download the Excel file, which you will use to create the Tableau visualization that aid your explanation. Upload the Excel file into Tableau by doing the following: 1. Open the Tableau Desktop application. 2. On the left-hand side, under the "Connect" header and the "To a flle" sub-header, click on "Microsoft Excel." 3. Choose the Excel file and click "Open." 4. Since the only worksheet in the Excel File is "Calloway Company" it will default as a selection with no further import steps needed Required: 1a. Assume the company focuses solely on producing S500: I. Which department would be the constraint? (Hint: Focus on each department's capacity (in hours) divided by S500's "hours per unit" within each department.) II. What is S500's contribution margin per hour of the constraining resource that you identified in requirement la? (Hint: Calculate S500's contribution margin per unit and divide it by the "hours per unit" for the department you identified in requirement la.) 1b. Assume the company focuses solely on producing T750: 1. Which department would be its constraint? (Hint: Focus on each department's capacity (in hours) divided by T750's "hours per unit" within each department.) 11. What is T750's contribution margin per hour of the constraining resource that you identified in requirement 2 a? (Hint: Calculate T750's contribution margin per unit and divide it by the "hours per unit" for the department you identified in requirement 2a.) 1c. Based on the answers to requirements 1 and 2 : I. Which product has the highest contribution margin per hour of its constraining resource? II. If the company decided to initiate production by maximizing the output of the product chosen in requirement 3a, then how many units of this product would it be able to make before encountering that product's constraint? III. If the company implemented the production plan in requirement 36 , then how many units of its remaining product could it make with the departmental capacities that are still available? IV. What total contribution margin would the company eam if it followed the production plan described in requirements 3b and 3c ? II. If the company decided to initiate production by maximizing the output of the product chosen in requirement 3 a, then how many units of this product would it be able to make before encountering that product's constraint? ili. If the company implemented the production plan in requirement 3b, then how many units of its remaining product could it make with the departmental capacities that are still available? IV. What total contribution margin would the company earn if it followed the production plan described in requirements 3b and 3c ? Complete this question by entering your answers in the tabs below. 1a. Assume the company focuses solely on producing S500 : 1. Which department would be the constraint? (Hint: Focus on each department's capacity (in hours) divided by S500's "hours per unit" within each department.) ii. What is 5500 's contribution margin per hour of the constraining resource that you identified in requirement 1a? (Hint: Calculate S500's contribution margin per unit and divide it by the "hours per unit" for the department you identified in requirement 1 a.) II. If the company decided to initiate production by maximizing the output of the product chosen in requirement 3a, then how many units of this product would it be able to make before encountering that product's constraint? III. If the company implemented the production plan in requirement 3b, then how many units of its remaining product could it make with the departmental capacities that are still available? V. What total contribution margin would the company earn if it followed the production plan described in requirements 3b and 3c ? Complete this question by entering your answers in the tabs below. 1b. Assume the company focuses solely on producing T750 : 1. Which department would be its constraint? (Hint: Focus on each department's capacity (in hours) divided by T750's "hours per unit" within each department.) ii. What is T750's contribution margin per hour of the constraining resource that you identified in requirement 2a? (Hint: Calculate T750's contribution margin per unit and divide it by the "hours per unit" for the department you identified in requirement 2a.) II. If the company decided to initiate production by maximizing the output of the product chosen in requirement 3a, then how many units of this product would it be able to make before encountering that product's constraint? III. If the company implemented the production plan in requirement 3b, then how many units of its remaining product could it make with the departmental capacities that are still available? IV. What total contribution margin would the company earn if it followed the production plan described in requirements 3b and 3c ? Complete this question by entering your answers in the tabs below. 1c. Based on the answers to requirements 1 and 2: 1. Which product has the highest contribution margin per hour of its constraining resource? The product with the highest contrbution margin per hour of its constraining resource is II. If the company decided to initiate production by maximizing the output of the product chosen in requirement 3 a, then how many units of this product would it be able to make before encountering that product's constraint? III. If the company implemented the production plan in requirement 3b, then how many units of its remaining product could it make with the departmental capacities that are still available? IV. What total contribution margin would the company earn if it followed the production plan described in requirements 3b and 3c ? Complete this question by entering your answers in the tabs below. 1c. Based on the answers to requirements 1 and 2 : ii. If the company decided to initiate production by maximizing the output of the product chosen in requirement 3a, then how many units of this product would it be able to make before encountering that product's constraint? If the company implemented the production plan in requirement 3b, then how many units of its remaining product could it make with the departmental capacities that are still available? iv. What total contribution margin would the company earn if it followed the production plan described in requirements 3b and 3c

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Management Accounting And Control

Authors: Don R. Hansen, Maryanne M. Mowen

3rd Edition

0324002327, 978-0324002324

More Books

Students also viewed these Accounting questions

Question

Write a note on Historical Development of clinical Trials?

Answered: 1 week ago