If a Level Production strategy is used, the annual inventory cost is: 14000 69000 168000 172000
Q: The Grinell Machine Shop makes a line of metal tables.Some of these tables are carried in finished…
A: Demand or Sales = 300 Odering cost (O) = 1200 Holding or carrying cost (H) = 20% i.e 0.2 & Total…
Q: In a synchronous production strategy, storage and shortage costs tend to be high.
A: Synchronous manufacturing is where production takes place at different centers. The rate of…
Q: Terminator, Inc., manufactures a motorcycle part in lots of 250 units. The raw materials cost for…
A: Given Units produced per lot = 250 units Raw material cost for the part = $150 Value added in…
Q: A firm practices a pure level strategy that sets the production level at the average demand over the…
A: Given that: Demand over the next four quarters: 867,1032,1006,961 Production cost = $17 per unit…
Q: if a company moves to a JIT inventory management system, what will happen to inventory turnover?…
A: Just-in-time (J.I.T) inventory and just-in-time manufacturing have been buzzwords in the supply…
Q: The safety stock on an SKU is set at 500 units. The supplier says it has to increasethe lead time…
A: The safety stock is given as 500 units. New interval is 5 weeks and old interval is 4 weeks. New…
Q: The Grinell Machine Shop makes a line of metal tables. Some of these tables are carried in finished…
A: Given Information: Sales = 300 per year Set up cost = $ 1200 per setup Carrying cost = 20 percent…
Q: The amount of time the product remains in various stages of completion is called: a. Average Payment…
A: Product planning and its development is an essential function since development different products…
Q: This is in fact a production or operations scheduling system and not an inventory control system. It…
A: Option 3 is correct, The reason is that just-in-time is an inventory management technique designed…
Q: The demand for fruit juice of BluePrint Company is about 2,000 liters per year, and BluePrint can…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: What is the EOQ? What is the average inventory if the EOQ is used? What is the optimal number of…
A: WE ARE ALLOWED TO DO THE FIRST THREE SUBPARTS ONLY. THE ANSWER IS AS BELOW:
Q: An item has a setup cost for production of $500 per order, and the inventory carrying costs for the…
A: The Economic Order Quantity is a set point designed to help companies minimize the cost of ordering…
Q: 1. What inventory management model should we use to solve this problem? Model Economic Quantity to…
A: NOTE: We are allowed to do first three sub-parts only. Please post rest parts again to get answers.…
Q: What is the reduction in average inventory of our turns increase to 10 per year? Show calculations
A: Inventory turnover is a ratio represent how many times a firm has sold and replaced inventory during…
Q: A customer is looking at a bedding set that was originally $160.00. There is a large sign that says,…
A: The general notion is that marketers often issue discounts on their goods and services in order to…
Q: Basic EOQ Model Item X is a standard item stocked in a company's inventory of spare parts. Each…
A: Introduction: The term Business refers to an exchange of goods and services between the buyer and…
Q: One 100 units per day. Safety stock is dimensioned to meet 95% of demand requirements considered…
A: The maximum stock level is a not-to-surpass sum utilized for inventory planning. This stock level…
Q: A firm practices a pure level strategy that sets the production level at the average demand over the…
A: Given Data: The demand for the next four months is given as: 868, 960,860, and833.
Q: a.Compute the minimum cost production lot size for each of the following production rates. (Round…
A: In the above question, the assumption in the operation line is provided as. Now for the provided…
Q: John holds the position of operations manager for a small manufacturing company. His job description…
A:
Q: If Great Northern Bunk Beds has an average in-process inventory of 10 bunk-bed sets and an average…
A: Throughput time is a measure of the time required for material, part or sub-assembly to pass through…
Q: Terminator, Inc., manufactures a motorcycle part in lots of 300 units. The raw materials cost for…
A: Given data: Lot size(Q) = 300 units Raw material cost = $170 Value added in manufacturing per unit…
Q: What is the optimal lot size of part 2?
A: Below is the solution:-
Q: A company produces and sells electronic components that are purchased by computer manufacturers. The…
A: A critical input for material requirements planning is a bill of material an extensive list of raw…
Q: Given the EOQ is 525, the supplier only allows orders in increments of 50. Given Q=500, How much…
A: The order quantity used to make the inventory is known as economic order quantity. The inventory is…
Q: Setting Product Availability under capacity constraints When capacity is constrained, where should…
A: Given: Co: Cost of overstocking by one unit, Co = c – s Cu: Cost of understocking by one unit,…
Q: University of Florida football programs are printedI week prior to each home game. Attendance…
A:
Q: The UK Bike Company requires 6000 handlebars per year for one of its city bikes. You can assume that…
A: Given data: Annual demand D = 6000 handlebars Annual production P = 11000 units Setup cost S = £350…
Q: A part is produced in lots of 1,000 units. It is assembled from 2 components worth $50 total. The…
A: Formulas:
Q: The need for a component is 1400 units per month. The setting-up charge is 110 per batch. The…
A: Given- Monthly demand = 1,400 units Setting-up cost = 110 per batch Production unit cost = 23 per…
Q: Bateman Company produces helmets for drivers of motorcycles. Helmets are produced in batches…
A: Economic Order Quantity is a method utilized to determine inventory stocking levels. Its principal…
Q: John holds the position of operations manager for a small manufacturing company. His job description…
A: Given, Demand = 8000 units per day Annual demand D = 8000*300 = 2400000 Holding cost H = $22.5 Setup…
Q: A plastic canister manufacturing company maintains an annual safety stock of 500 units of plastic…
A: The question is related to Inventory Management. The Economic Order Quantity is that level of…
Q: hat would be your production rate each month? A. 4250 B. 3500 OC. 4250, 3000, 4000, 5000 OD. 2000,…
A: Production is the process in which inputs are combined to have the required output. It includes a…
Q: If the annual demand is reduced to 9,000 units, the set-up costs increased to $110, inventory…
A: Given: Annual demand (D) =9,000 units Daily demand (d) = 60 units/dayProduction per day (P) = 80…
Q: A manufacturer produces umbrellas. The production rate is 400 per day. The monthly demand for…
A: Given data is Production rate(p) = 400 per day Demand(d) = 3000 Set up cost(S) =$100
Q: Q1) Bullwhip effect can lead to stock shortages due to lack of proper information. Select one: a.…
A: Demand differences can chief to inventory variations to get out of controller if careful…
Q: In aPsystem, the lead time for a box of weed-killer is two weeks and the review period is one week.…
A:
Q: or the management of __R___
A: Batch size is the number of items created in a manufacturing run. When there is a substantial setup…
Q: This is in fact a production or operations scheduling system and not an inventory control system. It…
A: Most manufacturing organizations divide their inventory into raw materials, work-in-process,…
Q: 9. XYZ has developed the following data from its Material A Safety stock Average (normally) daily…
A: The detailed solution to both the questions is given in Step 2.
Q: Basic EOQ Model Item X is a standard item stocked in a company's inventory of spare parts. Each…
A: Activity-based costing and management focus on improving the tracing of manufacturing cost and…
Q: The demand for a particular part called SKU 005 is 1,500 units a year. The cost of one SKU 005 is…
A: From the above given information, Demand for SKU OO5, d = 1500 units. Unit price of SKU 005, u = $64…
Q: A firm practices a pure level strategy. with 1425 units per quarter. Demand over the next four…
A: Total production for four quarters = 1425*4= 57,00 unitsTotal demand for next four quarters = (…
Q: he daily demand for printer paper at the School of Business is approximately normal with a mean of…
A: Given: Average Daily demand = 15.2 Standard deviation of daily demand = 1.6 Review period R = 30…
Q: Zoey Enterprises manufactures solar engines for helicopters. Given the fuel savings available, new…
A: Given that: New Orders (O)= 125 units Variable Cost (VC)= $11,400 Credit Price (CP) = $13000 Repeat…
Q: Break Even is defined as Revenue = Tolal Cost What is the quantity of toys that must be sold to…
A:
Q: Which of the following will have lesser bullwhip effect in a supply chain? Supply Chain…
A: THE ANSWER IS AS BELOW:
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- A method of estimating future demand usedfor decision making in order to set reasonable targets and control orlimit uncertainties or risks.A manager uses this equation to predict demand for landscaping services: Ft= 10 + 5t Over the past eight periods, demand has been as follows: Period, t: 1 Demand: 15 2 21 Period, t Tracking signal 1 2 3 4 5 6 7 8 3 23 30 5 32 6 38 42 Click here for the Excel Data File Compute the tracking signals for Periods 1-8. (Negative values should be indicated by a minus sign. Round your intermediate calculations and final answers to 3 decimal places.) 8 47Colleen Company has gathered the following data pertaining to activities it performed for two of its major customers. Jerry, Inc. Kate Co. Number of orders 6 30 Units per order 1,000 420 Sales returns: Number of returns 4 5 Total units returned 50 140 Number of sales calls 13 5 Colleen sells its products at $290 per unit. The firm’s gross margin ratio is 20%. Both Jerry and Kate pay their accounts promptly and no accounts receivable is over 30 days. After using business analytics software to carefully analyze the operating data for the past 30 months, the firm has determined the following activity costs: Activity Cost Driver and Rate Sales calls $ 800 per visit Order processing 180 per order Deliveries 410 per order Sales returns 270 per return and $3 per unit returned Sales salary 107,000 per month Required: 1. Using customers as the cost objects, classify the activity costs…
- Harold Grey owns a small farm in the Salinas Valley that grows apricots. The apricots are dried on the premises and sold to a number of large supermarket chains.Based on past experience and committed contracts, he estimates that sales over thenext five years in thousands of packages will be as follows:Forecasted DemandYear (thousands of packages)1 3002 1203 2004 1105 135Assume that each worker stays on the job for at least one year, and that Greycurrently has three workers on the payroll. He estimates that he will have 20,000packages on hand at the end of the current year. Assume that, on the average, eachworker is paid $25,000 per year and is responsible for producing 30,000 packages. Inventory costs have been estimated to be 4 cents per package per year, andshortages are not allowed.Based on the effort of interviewing and training new workers, Farmer Greyestimates that it costs $500 for each worker hired. Severance pay amounts to$1,000 per worker.a. Assuming that shortages are not…Well water inc. wants to produce and sell a new flavored water in order topenetrate the market, the product will have to sell at 2.60 per 12 oz bottle thefollowing data has been collected: Annual sales 50,000 bottlesProjected selling and administrative costs 8,000Desired profit 80,000The target cost per bottle is _____ per bottle (2 decimal places)Q2: A company has seasonal demand, with the forecast for the next 12 months as given below. The current labor force can produce 500 units per month. Each employee can produce 20 units per month, and is paid $2,000 per month. The inventory carrying cost is $50 per unit per period. It costs $100 to hire or layoff an employee. Assume 200 units of initial inventory and we would like to keep the similar level at the end of the year. Month 1 3 4 7 8 9 10 11 12 Demand 660 700 840 700 660 500 600 840 80 900 700 600 Please use level and chase strategy to calculate the total cost of two plans (please show your work).
- The process of determining the production capacity required to meet demand is called Demand Forecasting Capacity Planning Resource PlanningAssume a company reported the following resuts Bales 5400,000 variable expenses Contribution margin rixed expenses 260,000 140,000 40,000 $100,000 Net operating income $775,000 Average operating assets The turnover is closest to: Multiple Cholce 0.3 0.2 0.5c. Compute and tabulate the daily demand for each month in the table below (round off to the nearest whole number). MONTH PRODUCTION DAYS DEMAND FORECAST DEMAND PER DAY JAN 2022 16 150 ? FEB 2022 16 150 ? MAR 2022 23 250 ? APR 2022 21 250 ? MAY 2022 22 400 ? JUN 2022 22 500 ? JUL 2022 21 600 ? AUG 2022 20 750 ? SEP 2022 20 450 ? OCT 2022 20 250 ? NOV 2022 16 150 ? DEC 2022 16 150 ? TOTAL ? ? d. Assuming that MPQ Limited had adopted a level strategy for the year ended 31 December 2022, compute the average daily demand for the year (round off to the nearest whole number). e. Prepare a graph showing the monthly forecasts and average daily forecast (in units per day) for MPQ Limited.
- Mop and Broom Manufacturing has tracked the number of units sold of their most popular mop over the past 24 months. This is shown. Month 1 2 3 4 5 6 7 8 Sales Month 238 249 254 267 277 282 402 296 9 10 11 12 13 14 15 16 Sales 300 327 346 349 353 364 373 363 Month + 17 18 19 20 21 22 23 24 Sales 361 381 375 383 384 401 409 403 a. Develop a linear trend line for the data. (Round your answers to 2 decimal places, e.g.,25.28.) Sales = (month) b. Compute a correlation coefficient for the data and evaluate the strength of the linear relationship. (Round your answer to 2 decimal places, the tolerance is +/-0.01.) Correlation coefficient is . It indicates linear relationship. (Use not rounded amounts to answer this question.) c. Using the linear trend line equation, develop a forecast for the next period,month 25. (Round your answer to 2 decimal places, the tolerance is +/-0.01. Do not round intermediate results used to achieve this answer.) Forecast for month 25 =On August, a light business bought $3600 worth of lamps. At the beginning of September, the store had $1400 in lights on hand, and by the end of September, it projected to have $1600 in lamps on hand to meet some of the forecasted October sales. And what's the August planned cost of goods sold?The term in the airline industry may be used to refer to s situation where an empty seat is recorded on a flight. Select one: a. Marginal cost b. Overhead cost c. Marginal loss d. Revenue loss Widner Industries reports annual sales of Ghc160 million, cost of goods sold of Ghc120 million, inventory of Ghc20 million, and net income of Ghc5 million. What is Widner's annual inventory turns? Select one: a. 8 turns per year b. 6 turns per year c. 0.17 turns per year d. 4 turns per year