b) What is the maximum number of wheel bearings that will be in inventory at Wheel-Rite? units (round your response to the nearest whole number). c) How many production runs of wheel bearings will Wheel-Rite have in a year? runs (round your response to two decimal places). d) What is the total setup plus holding cost for Wheel- Dito? Ś (round your response to two decimal places)
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- Arthur Meiners is the production manager of Wheel-Rite, a small producer of metal parts. Wheel-Rite supplies Cal-Tex, a larger assembly company, with 9,500-wheel bearings each year. This order has been stable for some time. Setup cost for Wheel-Rite is $39, and holding cost is $0.40 per wheel bearing per year. Wheel-Rite can produce 550-wheel bearings per day. Cal-Tex is a just-in-time manufacturer and requires that 50 bearings be shipped to it each business day. a) What is the optimum production quantity? _______ units b) What is the maximum number of wheel bearings that will be in inventory at Wheel-Rite? c) How many production runs of wheel bearings will Wheel-Rite have in a year? d) What is the total setup plus holding cost for Wheel-Rite?Arthur Meiners is the production manager ofWheel-Rite, a small producer of metal parts. Wheel-Rite supplies Cal-Tex, a larger assembly company, with 10,000 wheelbearings each year. This order has been stable for some time.Setup cost for Wheel-Rite is $40, and holding cost is $.60 perwheel bearing per year. Wheel-Rite can produce 500 wheel bearings per day. Cal-Tex is a just-in-time manufacturer andrequires that 50 bearings be shipped to it each business day.a) What is the optimum production quantity?b) What is the maximum number of wheel bearings that willbe in inventory at Wheel-Rite?c) How many production runs of wheel bearings will WheelRite have in a year?d) What is the total setup 1 holding cost for Wheel-Rite?One-Eyed Toad Pottery makes custom planters for up-scaleclients. The average demand for planters is 20 per week.One-Eyed Toad’s production facility has the capacity to make25 planters per week. Setup cost is $1500. The value of finishedgoods inventory is $250 per planter. The annual per-unitinventory holding cost is 35 percent of the item’s value.a. What is the economic production lot size (ELS)?b. What is the average time between orders (TBO)?c. What is the total of the annual holding cost and setupcost?
- Arthur Meiners is the production manager of Wheel-Rite, a small producer of metal parts. Wheel-Rite supplies Cal-Tex, a larger assembly company, with 9,600 wheel bearings each year. This order has been stable for some time. Setup cost for Wheel-Rite is $41, and holding cost is $0.70 per wheel bearing per year. Wheel-Rite can produce 490 wheel bearings per day. Cal-Tex is a just-in-time manufacturer and requires that 52 bearings be shipped to it each business day. a) What is the optimum production quantity? units (round your response to the nearest whole number).Arthur Meiners is the production manager of Wheel-Rite, a small producer of metal parts. Wheel-Rite supplies Cal-Tex, a larger assembly company, with 9,700 wheel bearings each year. This order has been stable for some time. Setup cost for Wheel-Rite is $39, and holding cost is $0.60 per wheel bearing per year. Wheel-Rite can produce 450 wheel bearings per day. Cal-Tex is a just-in-time manufacturer and requires that 48 bearings be shipped to it each business day. a) What is the optimum production quantity?units (round your response to the nearest whole number).Arthur Meiners is the production manager of Wheel-Rite, a small producer of metal parts. Wheel-Rite supplies Cal-Tex, a larger assembly company, with 11,200 wheel bearings each year. This order has been stable for some time. Setup cost for Wheel-Rite is $39, and holding cost is $0.50 per wheel bearing per year. Wheel-Rite can produce 510 wheel bearings per day. Cal-Tex is a just-in-time manufacturer and requires that 51 bearings be shipped to it each business day. a) What is the optimum production quantity? 1393 units (round your response to the nearest whole number). b) What is the maximum number of wheel bearings that will be in inventory at Wheel-Rite? units (round your response to the nearest whole number).
- Arthur Meiners is the production manager of Wheel-Rite, a small producer of metal parts. Wheel-Rite supplies Cal-Tex, a larger assembly company, with 10,000 wheel bearings each year. This order has been stable for some time. Setup cost forWheel-Rite is $40, and holding cost is $.60 per wheel bearing per year. Wheel-Rite can produce 500 wheel bearings per day. Cal-Tex is a just-in-time manufacturer and requires that 50 bearings be shipped to it each business day.a) What is the optimum production quantity?b) What is the maximum number of wheel bearings that will be ininventory at Wheel-Rite?c) How many production runs of wheel bearings will Wheel-Ritehave in a year?d) What is the total setup 1 holding cost for Wheel-Rite?Arthur Meiners is the production manager of Wheel-Rite, a small producer of metal parts. Wheel-Rite supplies Cal-Tex, a larger assembly company, with 11,300wheel bearings each year. This order has been stable for some time. Setup cost forWheel-Rite is $41, and holding cost is $0.60 per wheel bearing per year. Wheel-Rite can produce 490 wheel bearings per day. Cal Tex is a just-in-time manufacturer and requires that 52 bearings be shipped to it each business day. a) What is the optimum production quantity? units (round your response to the nearest whole number). b) What is the maximum number of wheel bearings that will be in inventory at Wheel-Rite? units (round your response to the nearest whole number). c) How many production runs of wheel bearings will Wheel-Rite have in a year? runs (round your response to two decimal places). d) What is the total setup plus holding cost for Wheel-Rite? $ (round your response to two decimal places).Peachy Keen, Inc., makes mohair sweaters, blouses with Peter Pan collars, pedal pushers, poodle skirts, and other popular clothing styles of the 1950s. The average demand for mohair sweaters is 100 per week. Peachy’s production facility has the capacity to sew 400 sweaters per week. Setup cost is $351. The value of finished goods inventory is $40 per sweater. The annual per-unit inventory holding cost is 20 percent of the item’s value. a. What is the economic production lot size (ELS)? b. What is the average time between orders (TBO)? c. What is the total of the annual holding cost and setup cost?
- Peachy Keen, Inc., makes mohair sweaters, blouses with Peter Pan collars, pedal pushers, poodle skirts,and other popular clothing styles of the 1950s. The average demand for mohair sweaters is 100 per week.Peachy’s production facility has the capacity to sew 400 sweaters per week. Setup cost is $351. The valueof finished goods inventory is $40 per sweater. The annual per-unit inventory holding cost is 20 percentof the item’s value.a. What is the economic production lot size (ELS)?b. What is the average time between orders (TBO)?c. What is the total of the annual holding cost and setup cost?Bold Vision, Inc., makes laser printer and photocopier toner cartridges. The demand rate is 625 EP cartridges per week. The production rate is 1,736 EP cartridges per week, and the setup cost is $100. The value of inventory is $130 per unit, and the holding cost is 20 percent of the inventory value. Bold Vision operates 52 weeks a year. What is the economic production lot size?Joe Henry's machine shop uses 2,450 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the brackets: Annual demand 2,450 Holding cost per bracket per year $1.65 Order cost per order $18.50 Lead time 2 days Working days per year 250 a) What is the EOQ? __units (round your response to two decimal places). b) What is the average inventory if the EOQ is used?__ units (round your response to two decimal places). What would be the annual inventory holding cost? $__ (round your response to two decimal places). c) Given the EOQ, how many orders will be made annually?__orders (round your response to two decimal places). What would be the annual order cost? $__ (round your response to two decimal places). d) Given the EOQ, what is the total annual cost of managing (ordering and holding) the inventory? __ $ (round your response to two decimal places). d)…