The Constraint at Mirsch Inc Each Unit of Product B01 Requires 9 Ounces of the of 9,600

question 1

Essay

The constraint at Mirsch Inc.is a key raw material.A total of 9,600 ounces of this constrained resource are available.Data concerning the company's two products,B01 and P46,appear below: $$\begin{array} { l r r } & { \text { B01 } } & { \text { P46 } } \\\text { Demand (units) ...... } & 660 & 570 \\\text { Selling price .......... } & \$ 261.00 & \$ 276.00 \\\text { Variable cost ......... } & \$ 234.90 & \$ 248.40\end{array}$$ Each unit of product B01 requires 9 ounces of the constrained raw material;each unit of product P46 requires 12 ounces.
Required:
a.In the present circumstances,which product is most profitable?
b.How much of each product should be produced?
c.The company is considering launching a new product whose variable cost is $210 and that requires 9 ounces of the constrained resource.What is the minimum acceptable selling price for the new product?

Be familiar with the procedures for working with collection agencies and the legal requirements involved.

Understand the importance and methods of age analysis for past-due accounts.

Recognize the significance of clear, transparent billing statements to both the practice and patients.

Know the rights of patients and the legal obligations of medical practitioners in credit and billing practices.

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Definitions:

Openness

The willingness to consider new ideas, experiences, and perspectives.

Self-Concept

A unifying construct of personality; the most important determinant of human behavior; the basis of present identity and future conduct; the primary factor in character formation.

Art

A skill acquired by experience or study; an endeavor requiring special knowledge and ability, such as the art of leadership.

Time

The indefinite continued progress of existence and events in the past, present, and future regarded as a whole.