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    Final Exam SET Subjective

    Uploaded by

    Tuan Erham
    The document provides information about planning activities for a new Master's in Accounting program. It includes: 1) A table listing the planning activities with time estimates and predecessors. 2) Calculations to determine the expected completion time and variance for each activity. 3) A network diagram showing the dependencies between activities. 4) Identification of the critical path as A-C-G-J-K with a project duration of 30.167 weeks. It also includes questions about: 5) A location analysis to determine the most cost effective city. 6) Calculating total monthly costs for a small business owner. 7) Developing a productivity measure for a manufacturing

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    Final Exam SET Subjective

    Uploaded by

    Tuan Erham
    25 views5 pages
    The document provides information about planning activities for a new Master's in Accounting program. It includes: 1) A table listing the planning activities with time estimates and predecessors. 2) Calculations to determine the expected completion time and variance for each activity. 3) A network diagram showing the dependencies between activities. 4) Identification of the critical path as A-C-G-J-K with a project duration of 30.167 weeks. It also includes questions about: 5) A location analysis to determine the most cost effective city. 6) Calculating total monthly costs for a small business owner. 7) Developing a productivity measure for a manufacturing

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    The document provides information about planning activities for a new Master's in Accounting program. It includes: 1) A table listing the planning activities with time estimates and predecessors. 2) Calculations to determine the expected completion time and variance for each activity. 3) A network diagram showing the dependencies between activities. 4) Identification of the critical path as A-C-G-J-K with a project duration of 30.167 weeks. It also includes questions about: 5) A location analysis to determine the most cost effective city. 6) Calculating total monthly costs for a small business owner. 7) Developing a productivity measure for a manufacturing

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    25 views5 pages

    Final Exam SET Subjective

    Uploaded by

    Tuan Erham
    The document provides information about planning activities for a new Master's in Accounting program. It includes: 1) A table listing the planning activities with time estimates and predecessors. 2) Calculations to determine the expected completion time and variance for each activity. 3) A network diagram showing the dependencies between activities. 4) Identification of the critical path as A-C-G-J-K with a project duration of 30.167 weeks. It also includes questions about: 5) A location analysis to determine the most cost effective city. 6) Calculating total monthly costs for a small business owner. 7) Developing a productivity measure for a manufacturing

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    © All Rights Reserved
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    OPERATION MANAGEMENT DHU 2224

    ANSWER ALL QUESTION

    QUESTION 1

    The faculty of Accounting of a University is planning to offer a five-player program leading


    to Master in Accounting. The program will be offered as soon as the planning has been
    completed. The faculty has identified the related planning activities. These are shown in
    following table
    Activity Immediate Time
    (sub- Predecessors
    project)
    Optimistic Most Pessimistic(b) t σ²
    (a) Probable(m)
    A - 7 9 17 - -
    B A 2 4 6 - -
    C A 4 5 61 - -
    D A 2 3 10 - -
    E B 1 2 3 - -
    F B 2 3 4 - -
    G C,F 1 2 3
    H D 2 3 4
    I H 2 3 4
    J G,I 1 2 3
    K E,J 1 2 3

    a) Fill in the blank of expected project completion time and the variance for each sub-
    project
    (5 Mark)

    Activity(sub- t σ²
    project
    A 10 2.78
    B 4 0.44
    C 14.167 90.25
    D 4 1.78
    E 2 0.44
    F 3 0.11
    G 2 0.11
    H 3 0.11
    I 3 0.11
    J 2 0.11
    K 2 0.11
    OPERATION MANAGEMENT DHU 2224

    t = (a+4m+b)/6
    σ² =[(b-a)/6] ²

    b) Develop network diagram


    (10 Mark)

    E
    2
    B 4 F 3
    A C G J K

    BEGIN 2 2 Finish

    10 14.167 3 I 2
    D 4
    H

    c) Determine the critical path and project completion time


    (10 Mark)

    The path combination Time

    A-B-E-J-K 20

    A-B-F-G-J-K 23

    A-C-G-J-K 30.167

    A-D-H-I-J-K 24
    OPERATION MANAGEMENT DHU 2224

    The critical path of the project is the activities A-C-G-J-K, and the project duration is
    30.167 weeks

    E
    2
    B 4 F 3
    A C G J K

    BEGIN 2 2 Finish

    10 14.167 3 I 2
    D 4
    H

    The project variance σ² is the total variance of the activities on the critical path. The
    critical activities are A-C-G-J-K, hence the project variance σ² will be σ² (A)+ σ² (G)+ σ²
    (J)+ σ² (K), thus

    QUESTION 2
    a ) Calculate location analysis below
    City Fixed cost Variable cost Total cost
    Russia I. RM 90 RM 68 000
    Germany RM 6800 II. RM 99 000
    United Kingdom RM 3000 III. RM -73 000

    Selling price = RM 82
    OPERATION MANAGEMENT DHU 2224

    Expected volume = 700 units


    ( 9 Mark)
    I. RM 68000 = X + (RM90 x 700units)
    RM 68000 = X + RM63000
    X = RM5000

    Fixed cost RM5000

    II. RM99000 = RM6800 + (RMX x 700units)


    RM99000 = RM6800 + 700X
    RM92200 = 700X
    RM131.71 = X

    Variable cost = RM131.71

    III. RM-73000 = RM3000 +(RMX x 700units)


    RM-73000 = RM3000 + 700X
    RM-76000 = 700X
    X = RM108.57

    Variable cost = RM108.57

    Russia = 82(700)-68000 = -RM10600


    German = 82(700)-99000 = -RM41600
    UK = 82(700)-73000 = -RM15600

    b) In Jun Fiqri can get RM 1000 if he produce 10 chair every day. He must pay RM 60
    commission for labour ,he also must pay RM 200 for rent the place to get revenue he do the
    advertising RM 60 in this month. Calculate the total cost for Fiqri in this month

    ( 3 Mark)
    Total cost = 60+200+60
    Total cost = RM320 month
    OPERATION MANAGEMENT DHU 2224

    QUESTION 3

    Develop a productivity measure for a product that utilizes labour machine time, raw materials
    and purchase materials. Assume 5000 units are produced in 500 hours and are sold for
    RM30/unit. The labor rate is Rm 25/hour, the cost of the materials is Rm 5000 and the cost of
    overhead is 2X labor cost

    ( 3 Mark)
    5000 units / 500 hours =10 units
    Labour rate = RM25 per hours
    Cost material = RM5000 for 5000 units

    Overhead = RM10000
    Total cost = RM25(500 hours) + RM5000 + RM10000
    Total cost = RM27500

    Total sales = RM30(5000 units)


    Total sales = RM150000

    Total profit = total sales - total cost


    Total profit = RM150000 – RM27500
    Total profit = RM122500

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