22. One of the eight areas of waste that pertains to producing output more than what is required is called what? Group of answer choices None of the above Unnecessary processing or paperwork Overproduction Unnecessary inventory Excess motion
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22.
One of the eight areas of waste that pertains to producing output more than what is required is called what?
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- Describe how inventories influence each of the following:a. Customer service.b. Plant operations.DataSpan, Incorporated, automated its plant at the start of the current year and installed a flexible manufacturing system. The company is also evaluating its suppliers and moving toward Lean Production. Many adjustment problems have been encountered, including problems relating to performance measurement. After much study, the company has decided to use the performance measures below, and it has gathered data relating to these measures for the first four months of operations. Throughput time (days) Delivery cycle time (days) Manufacturing cycle efficiency (MCE) Percentage of on-time deliveries Total sales (units) 1 2 Month ? ? ? ? ? ? 91% 86% 3,460 3,312 Move time per unit Process time per unit Wait time per order before start of production Queue time per unit Inspection time per unit 3 ? ? ? 82% 3,143 4 Management has asked for your help in computing throughput time, delivery cycle time, and MCE. The following average times have been logged over the last four months: ? ? ? 78% 3,025…PT Bulan Sabit is a company engaged in fan manufacturingair conditioner with the following production datai. Setup fee = $15ii. Inventory cost per fan per year = $ 125iii. Production capacity per day = 246 fansiv. Production time per fan = 2 daysv. Fan requirement per year = 20,000 fansvi. Safety stock = 1/2 day fan productionIf PT Bulan Sabit wants to implement Kanban, then calculate the needs of the companyas follows:a) Explain the definition and purpose of kanban b) Specify production order quantity c) Calculate the container kanban that must be provided by PT Bulan Sabit Assuming the time used is per year 50 weeks and 5 days per week
- Which of the following problems are not among those hidden when inventory levels are excessively high? A) Inadequate worker motivation B) Engineering design redundancies C) Scrap D) Productive equipment downtime E) Paperwork backlogsWoodwork limited manufactures luxury furniture for resale to big shops. It does not keep inventory of materials used to assemble the furniture and only orders the required materials from its suppliers when orders are received from customers. Nevertheless, it keeps very minimal inventory (if any). What type of woodwork using to manage its inventory costs? A. Inventory planning system B. Just-in time system C. Kaizen system D. Material requirement planning systemJitsmart is a retailer of plastic action-figure toys. The actionfigures are purchased from Tacky Toys, Inc., and arrive inboxes of 48. Full boxes are stored on high shelves out of reachof customers. A small inventory is maintained on child-levelshelves. Depletion of the lower-shelf inventory signals theneed to take down a box of action figures to replenish theinventory. A reorder card is then removed from the box andsent to Tacky Toys to authorize replenishment of a containerof action figures. The average demand rate for a popular ac-tion figure, Agent 99, is 36 units per day. The total lead time(waiting plus processing) is 11 days. Jitsmart’s safety stockypolicy variable, a, is 0.25. What is the authorized stock levelfor Jitsmart?
- The definition of work-in-process (WIP) inventory is: Select one: a. An end item ready to be sold, but still an asset on the company's books. b. Products or components that are no longer raw materials but have not yet become finished products. c. Materials for maintenance, repair and operation. d. Materials that are normally purchased but have not yet entered the manufacturing process. and. Additional stock to allow for uneven demand; a buffer.Which item would be considered an order winner in an automobile developed for high-end users? Voice-activated music system Compact disc players Full-sized spare tire Air bagsat is the inventory turnover for last year? is at is is oved More Info Sales Cost of goods sold Gross margin Other expenses Net income Finished goods inventory Work-in-process inventory Raw material inventory Total inventory (average for year) Other current assets Other assets Total assets LAST YEAR $244,000 118,000 126,000 Done 51,000 75,000 0 2,000 9,500 4,000 15,500 90,000. 200,000 305,500 . THIS YEAR $257,000 130,000 127,000 51,000 76,000 4,500 12,000 5,500 22,000 109,000 244,000 375,000 - X
- UPO Manufacturing produces a range of health care appliances for hospital as well as for home use. The company has expenenced a steady demand for as products. which are highly regarded in the health care I &id. Recently the company has undertaken a review of as memory ordering procedures as pan of a larger effort to reduce costs. One of the company's products is a blood pressure testing kit. UPD manufactures all of the components for the kit in-house except for the digital display unit The display units are ordered at six-week intervals from the supplier. This ordering system began about five years ago. because the supplier insisted on it. However, that supplier was bought out by another supplier about a year ago. and the six-week ordering requirement is no longer in place. None-theless. UPO has continued to use the six- week ordering policy. According to purchasing manager Tom Chambers. "Unless some body can give me a reason for changing. I'm going to stick with what we've been…Sitka Industries uses a cost system that carries direct materials inventory at a standard cost. The controller has established these standards for one ladder (unit): StandardQuantity x StandardPrice = StandardCost Direct materials 3 pounds $4.50 per pound $13.50 Direct labor 2.00 hours 12.00 per hour 24.00 Total cost $37.50 Sitka Industries made 2,900 ladders in July and used 8,500 pounds of material to make these units. Sitka Industries bought 15,400 pounds of material in the current period. There was a $300 unfavorable direct materials price variance. Enter all amounts as positive numbers. A. How much in total did Sitka pay for the 15,400 pounds? B. What is the direct materials quantity variance? C. What is the total direct materials cost variance? D. What if 9,200 pounds were used to make these ladders, what would be the direct materials quantity variance? E. If there was a $340 favorable direct materials price variance, how much did Sitka pay…1. Which of the following quantities has no effect on the first period’s ATP calculation? a) Current on-hand Inventory b) Booked customer orders for the first periods c) MPS quantity for the first period d) Forecasted demand for the first period 2. Which one of the following is an MRP lot-sizing rule that attempts to minimize the amount to minimize the amount of average inventory? a) Periodic order quantity (POQ), WITH P=2 b)Fixed order quantity (FOQ) c) Economic order quantity (EOQ) d)Lot for Lot (L4L). 3. Which of the following statements about lot-sizing rules for MRP is true? a) The periodic order quantity (POQ) rule generates a higher level of average inventory since it creates inventory remnants. b) FOQ is a dynamic lot-sizing rule which reduces the amount of inventory, by doing a better job of matching the order quantity to the projected on-hand inventory quantity. c) The lot for lot rule minimizes inventory investment but maximizes the number of orders placed. d) In…