A firm has redesigned its production process so that it now takes 8 hours for a unit to be made. Using the old process, it took 15 hours to make a unit. The process makes two unit each hour, on average, and each unit is worth $2,000. What is the reduction in work-in-process value?
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- A firm has redesigned its production process so that it now takes 10 hours for a unit to be made. Using the old process, it took 15 hours to make a unit. If the process makes one unit each hour, on average, and each unit is worth $1,500, what is the reduction in working process value?A customer wants 38,400 parts for the next month and the production line operates continuously for 16 hours per day. It is known that the company works 20 days per month. Determine the Takt Time in parts per second.Sticky Manufacturing produces a variety of adhesive products. On one production line,the company fills one-quart containers with its Skin-Free™ adhesive, a glue that bonds woodand other substances together but does not adhere to human skin in any way.The process yield on the Skin-Free™ line is 92%. One-half pound of Chemical SKF is addedat the beginning of the process for every quart of Skin-Free™ started. The standard price forChemical SKF is $15.00 per pound.Calculate the standard quantity of Chemical SKF consumed for every good unit of output ofSkin-Free™. Then, calculate the standard cost of Chemical SKF in one good quart of Skin-Free™.
- A staff assistant at NUBD Corporation recently determined that the first four units completed in a new manufacturing process took 1,000 hours to complete, or an average of 250 hours per unit. The assistant also found that when the cumulative output produced doubles, the average labor time declines by 25%. On the basis of this information, how many total hours would NUBD use if it produces 16 units?A startup company is considering making a part by injection molding. The part is moderately complex and the volume of the part is about 10 cubic centimeters. Assume that the part is designed for injection molding and can be made with a two part mold. The company needs to make 250,000 parts made from ABS plastic. Once the mold is made it will take a worker 1 minute to make one part using the injection molding machine. The company will use contract manufacturing to produce the parts. Estimate the cost per part and explain how you came up with the number. (If you are stuck look at the Contract Manufacturing Cost per Unit section. Also keep in mind that there is no exact right answer, the goal is to come up with a reasonable estimate.) Contract Manufacturing Cost per Unit: It’s not uncommon to hire another company to perform some or all the manufacturing for a product. To estimate the cost use ((Cost of Parts and Materials) + (man hours) × $40)/.75A firm has redesigned its production process so that it now takes 10 hours for a unit to be made. Using the old process, it took 15 hours to make a unit. If the process makes one unit each hour on average and each unit is worth $1,500, what is the reduction in work-inprocess value?
- A small, privately owned Asian company is producing a private-label soft drink called Yoggo. A bottling line puts the soft drinks into plastic bottles and then packages the bottles into boxes holding 10 bottles each. The bottling line is comprised of the following four steps: (1) the bottling machine takes 1 second to fill a bottle, (2) the lid machine takes 3 seconds to cover the bottle with a lid, (3) a labeling machine takes 3 seconds per bottle, and (4) the packaging machine takes 4 seconds to place a bottle into a box. When a box has been filled with 10 bottles, a worker tending the packaging machine removes the filled box and replaces it with an empty box. Assume that the time for the worker to remove a filled box and replace it with an empty box is negligible and hence does not affect the capacity of the line. Problem data are summarized in the following table. Process Step Number of Machines Seconds per Bottle Bottling 1 1 Apply a lid 1 3 Labeling 1 3 Packaging 1 4…A small, privately owned Asian company is producing a private-label soft drink called Yoggo. A bottling line puts the soft drinks into plastic bottles and then packages the bottles into boxes holding 10 bottles each. The bottling line is comprised of the following four steps: (1) the bottling machine takes 1 second to fill a bottle, (2) the lid machine takes 3 seconds to cover the bottle with a lid, (3) a labeling machine takes 3 seconds per bottle, and (4) the packaging machine takes 4 seconds to place a bottle into a box. When a box has been filled with 10 bottles, a worker tending the packaging machine removes the filled box and replaces it with an empty box. Assume that the time for the worker to remove a filled box and replace it with an empty box is negligible and hence does not affect the capacity of the line. Problem data are summarized in the following table. Assuming unlimited demand, what would be the flow rate? Assuming unlimited demand, what would be the utilization at…Quasi-Tech Corporation produces specially machined parts. The parts are produced in batches in one continuous manufacturing process. Each part is custom produced and requires special engineering design activity (based on customer specifications). Once the design is completed, the equipment can be set up for batch production. Once the batch is completed, a sample is taken and inspected to see if the parts are within the tolerances allowed. Thus, the manufacturing process has four activities: engineering, setups, machining, and inspecting. Costs have been assigned to each activity using direct tracing and resource drivers as follows: Activity Expected Cost Activity Driver Activity Capacity Engineering $1,000,000 Engineering hours 5,000 hours Setups 900,000 Setups 200 setups Machining 2,000,000 Machine hours 25,000 machine hours Inspection 800,000 Inspection hours 2,500 inspection hours Quasi-Tech produces two models: Model C and Model D. The following table…
- A machine makes two components; call them types A and B. It takes 250 seconds to switch production between the component types. During that time, no production occurs. When in production, each unit of A or B requires 0.5 second to be completed. The two components, A and B, are combined in an assembly process to make a final product; call it C. The assembly step can combine the two components into 1 unit every 2 seconds, or 30 units per minute. Assume there is ample demand. If the production schedule could be adjusted with the goal of minimizing inventory in the process, how many units of A should be produced before switching to component B? In other words, calculate the optimal batch size for component A. Assume the same number of units of B would be produced as well. answer:_______unitsA machine makes two components; call them types A and B. It takes 250 seconds to switch production between the component types. During that time, no production occurs. When in production, each unit of A or B requires 0.5 second to be completed. The two components, A and B, are combined in an assembly process to make a final product; call it C. The assembly step can combine the two components into 1 unit every 2 seconds, or 30 units per minute. Assume there is ample demand. Suppose the machine rotates between one batch of 1,000 untis of A and 1,000 units of B. In that case, what is the capacity of the machine in component pairs per minute, where a component pair is one unit of A and one unit of B? answer: __________ component pair per minuteA machine makes two components; call them types A and B. It takes 250 seconds to switch production between the component types. During that time, no production occurs. When in production, each unit of A or B requires 0.5 second to be completed. The two components, A and B, are combined in an assembly process to make a final product; call it C. The assembly step can combine the two components into 1 unit every 2 seconds, or 30 units per minute. Assume there is ample demand. Suppose the machine rotates between one batch of 1,000 unties of A and 1,000 units of B. What is the utilization of the machine? answer: _____percent