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Introduction to Production and Operations Management

by: Agustina Batz

Introduction to Production and Operations Management ISQS 3344

Marketplace > Texas Tech University > Informational Systems > ISQS 3344 > Introduction to Production and Operations Management
Agustina Batz
GPA 3.78

John Phillip Flamm

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John Phillip Flamm
Class Notes
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This 1 page Class Notes was uploaded by Agustina Batz on Thursday October 22, 2015. The Class Notes belongs to ISQS 3344 at Texas Tech University taught by John Phillip Flamm in Fall. Since its upload, it has received 39 views. For similar materials see /class/226406/isqs-3344-texas-tech-university in Informational Systems at Texas Tech University.

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Date Created: 10/22/15
Notes on Break Even Point Fixed Costs 7 Debt Service on equipment facilities etc salaries taxes utilities insurance or in general expenses that don t change with increases or decreases in production Variable Costs 7 direct labor per unit raw materials per unit Selling Price 7 adjust based on market strategies net pro t expected break even point in time Here is an example Fixed costs FC 10000 year Variable costs VC 30 unit Selling price SP 40unit De nition of the breakeven point BE point 1 the amount of sales at which the net pro t is zero or 2 the point where total cost equals total revenue FCVCQSPQ FC 10000 The breakeven oint BE oint 7 7 p p Q SP VC 40 30 1000unz39ts year Here we know that we have to produce and sell 1000 units annually to cover our total costs xed costs and variable costs We will have a pro t after we produce and sell more than that amount Break Even Point in Units 7 For example in this case BE point is 1000 units per year and sales forecast is Year 1 7 750 units behind 250 units Year 2 7 1000 units total 1250 units 7 still behind 250 units Year 3 7 1250 units total sales at the end of year 3 3000 units or 1000 units per year thus here you break even You would breakeven at the end of the 3rd year and would make money after you ve sold 1000 units every year thereafter


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