Published September 3rd 2022
Assessment (non-exam) Brief
Module code/name MSIN0026
Module leader name Ramazan Kizilyildirim
Academic year 2022/23
Term 1
Assessment title Problem Set 1
Individual/group assessment Individual
Submission deadlines: Students should submit all work by the published deadline date and time. Students
experiencing sudden or unexpected events beyond your control which impact your ability to complete assessed
work by the set deadlines may request mitigation via the extenuating circumstances procedure. Students with
disabilities or ongoing, long-term conditions should explore a Summary of Reasonable Adjustments.
Return and status of marked assessments: Students should expect to receive feedback within one calendar month
of the submission deadline, as per UCL guidelines. The module team will update you if there are delays through
unforeseen circumstances (e.g. ill health). All results when first published are provisional until confirmed by the
Examination Board.
Copyright Note to students: Copyright of this assessment brief is with UCL and the module leader(s) named above. If
this brief draws upon work by third parties (e.g. Case Study publishers) such third parties also hold copyright. It must
not be copied, reproduced, transferred, distributed, leased, licensed or shared any other individual(s) and/or
organisations, including web-based organisations, without permission of the copyright holder(s) at any point in time.
Academic Misconduct: Academic Misconduct is defined as any action or attempted action that may result in a
student obtaining an unfair academic advantage. Academic misconduct includes plagiarism, obtaining help
from/sharing work with others be they individuals and/or organisations or any other form of cheating. Refer to
Academic Manual Chapter 6, Section 9: Student Academic Misconduct Procedure – 9.2 Definitions.
Referencing: You must reference and provide full citation for ALL sources used, including articles, text books, lecture
slides and module materials. This includes any direct quotes and paraphrased text. If in doubt, reference it. If you
need further guidance on referencing please see UCL’s referencing tutorial for students. Failure to cite references
correctly may result in your work being referred to the Academic Misconduct Panel.
Content of this assessment brief
Section Content
A Core information
B Coursework brief and requirements
C Module learning outcomes covered in this assessment
D Groupwork instructions (if applicable)
E How your work is assessed
F Additional information
Published September 3rd 2022
Published September 3rd 2022
Section A: Core information
Submission date 21/08/2023
Submission time 1pm
Assessment is marked out of: 100
% weighting of this assessment
within total module mark
10%
Maximum word count/page
length/duration
n/a
Footnotes, appendices, tables,
figures, diagrams, charts included
in/excluded from word count/page
length
Footnotes and any significant textual content in tables, figures
etc. are included in the word count. Appendices should not be
included in this assignment report.
Bibliographies, reference lists
included in/excluded from word
count/page length
Bibliographies and reference lists are excluded from the word
count.
Penalty for exceeding word
count/page length
No specified maximum (and thus no penalty for exceeding)
Penalty for late submission Standard UCL penalties apply. Students should refer to Refer to
https://www.ucl.ac.uk/academic-manual/chapters/chapter-4-
assessment-framework-taught-programmes/section-3-module assessment#3.12
Submitting your assessment The assignment MUST be submitted to the module submission
link located within this module’s Moodle ‘Late Summer
Assessments’ tab by the specified deadline
Anonymity of identity. Normally, all
submissions are anonymous unless
the nature of the submission is such
that anonymity is not appropriate,
illustratively as in presentations or
where minutes of group meetings
are required as part of a group work
submission
The nature of this assessment is such that anonymity is required.
Section B: Assessment Brief and Requirements
Published September 3rd 2022
Published September 3rd 2022
This is an individual assignment so no collaboration is permitted. Your
submitted problem set should contain:
A description of your solutions and calculation steps (do not just write the answers),
Your numerical answers as highlighted (by putting numbers in a rectangular box for instance).
QUESTION 1 (20 POINTS)
The owner of a small manufacturing firm has patented a new device for washing dishes and cleaning dirty
kitchen sinks. Before trying to commercialize the device and add it to her existing product line, she wants
reasonable assurance of success. Variable cost is estimated as ￡7/unit produced and sold, and a fixed cost
per year is estimated to be ￡56,000.
(a) If the selling price is set at ￡25, how many units must be produced and sold to break even
(b) Forecasted sales for the first year are 10,000 units if the price is reduced to ￡15. What
would be the product’s total contribution to profits in the first year with this pricing
strategy
QUESTION 2 (20 POINTS)
Consider the following simple assembly process:
