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Attached.Answer outline to operations management•QuestionsRunning Head: OPERATIONS MANAGEMENTOperations Management HomeworkStudent’s NameInstitutional AffiliationDateInstructor’s Name1OPERATIONS MANAGEMENTa) Break even formula (Q)=Fixed costs(FC)/(Price per unit(P) – Variable costs(VC)Q=?FC=$6,000P=$7VC=$2Q=6,000/(7-2)Break even quantity=1,200 piesb) Profit=Quantity (Price-Variable cost)-Fixed CostsTherefore,1,000 (7-2)-6,000=$(1000)Loss=$1,000C) Target Units=(Fixed Costs+Target Profit)/Contribution per unitTarget Profit=$4,000Fixed Costs=$6,000Contribution per unit=$(7-2)=$52OPERATIONS MANAGEMENTUnits=(6,000+4,000)/5=2,000 piesd) Target Units=(Fixed Costs+Target Profit)/Contribution per unit2,000=(6,000+5,000)/(P-2)(p-2)=11,000/2,000Price= $(5.5+2)= $7.50Part 2Question 1)Process velocity=Throughout … Read more