Right now is Oct 27, 2021. You are developing an aggregate production pla For 2022. Suppose the beginning inventory at the first quarter of 2022 is estimated to pe 132 units. The forecasted demand for Quarter 1 through Quarter 4 of 2022 are 1,009, 1,032, 1,427, and 1,476 units, respectively. The regular-time production in Quarter 4 2021 is 1,463 units. The ending inventory in Quarter 4 2021 is 132 units. The cost of regular-time production is $84 per unit while the cost of overtime production per unit is 29% more than the cost of regular-time production per unit. The cost of decreasing regular-time production is $31 per unit. The cost of increasing
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- Given the projected demands for the next six months, prepare an aggregate plan that uses inventory, regular time and overtime, and backorders. The plan must wind up with no units in ending inventory in Period 6. Regular time capacity is 150 units per month. Overtime capacity is 20 units per month. Overtime cost is $30 per unit, backorder cost is $20 per unit. inventory holding cost is $5 per unit, regular time cost of $20 per unit, and beginning inventory is zero. MONTH FORECAST 1 180 2 170 3 140 4 150 5 130 6 150Rebalance Rebalance (RB) is a New England sneaker manufacturer that plans to release a high per-formance running shoe { the Rebalance Air (RBA) sneaker { in the US. RB divides the US into four major zones, each of which has come back with an estimate of demand. The planning team at RB needs to use this and other information to decide on a manufacturing quantity for the RBA sneaker in Fall 22 (the first season that will see the introduction of the RBA). 1. The RBA is manufactured in Mainland China and costs RB $60 per pair to manufacture. The sneaker retails for $220. So as to protect this nascent new design,RB will not put the sneaker on clearance (if at all needed) until Summer 23 at which point it expects to only recover $52 per sneaker. What service level should RB choose to manufacture to? 2. The East, West, Central and South teams each expect demand of 80,000 units. The demand planning teams in each of these regions are only somewhat accurate so you can expect the coefficient of…Comfort Plus Inc. (CPI) manufactures a standard dining chair used in restaurants. The demand forecasts for quarter 1 (January–March) and quarter 2 (April–June) are 3700 chairs and 4200 chairs, respectively. CPI has a policy of satisfying all demand in the quarter in which it occurs. The chair contains an upholstered seat that can be produced by CPI or purchased from DAP, a subcontractor. DAP currently charges $12.50 per seat, but has announced a new price of $13.75, effective April 1. CPI can produce the seat at a cost of $10.25. CPI can produce up to 3800 seats per quarter. Seats that are produced or purchased in quarter 1 and used to satisfy demand in quarter 2 cost CPI $1.50 each to hold in inventory, but maximum inventory cannot exceed 300 seats. Define the decision variables needed to model this problem. Give the objection function. Write the constraints. What is the final answer? Explain in detail.
- Demand for stereo headphones and music players for joggers has caused Nina Industries to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nina expects demand for headsets to also expand, because, as yet, no safety laws have been passed to prevent joggers from wearing them. Demand for the players for this year was as follows: MONTH DEMAND (UNITS) January 4,150 February 4,250 March 3,950 April 4,350 May 4,950 June 4,650 July 5,250 August 4,850 September 5,350 October 5,650 November 6,250 December 5,950 a. Using linear regression analysis, what would you estimate demand to be for each month next year? Using a spreadsheet, follow the general format in Exhibit 3.8. (Do not round intermediate calculations. Round your answers to 2 decimal places.) b. To be reasonably confident of meeting demand, Nina decides to use 3 standard errors of estimate for safety. How many additional units should be held to meet this…The demand draft has to be signed by: a. Both payee and branch manager of a bank b. Both cashier and branch manager of a bank c. Both customer and branch manager of a bank d. Both endorser and branch manager of a bankSuperTech Battery a rapidly growing distributor of battery manufacturers, is formulating its plans for 2018. The planning department of the firm has completed the revenue budget presented here. Super Tech Battery Ltd 2018 Budgeted Revenues (in thousands). The accountant in the Planning and Budgeting Department is responsible for preparing the cash-flow projection. The following information is to be used in preparing the cash flow projection: a. Super Tech Battery's excellent record in accounts receivable collection is expected to continue: 60% of billings are collected the month after the sale and the remaining 40% 2 months after. b. The purchase of electronic components is Utility Ltd's largest expenditure and is estimated to be 40% of revenues. Utility Ltd receives 70% of the parts 1 month prior to the sale and 30% during the month of sale. Prepare Cash collection schedule and Cash payments schedule for the sale and purchase of products. Do the calculations in excel, attach excel…
- Case Synopsis: Mahindra & Mahindra Ltd., a $23 billion company in 2021, has been the number one tractormanufacturer in India for the last 30 years. The agriculture tractor sale market in India is seasonal in nature andgrowing. To meet demand, the company has four manufacturing plants and 26 sales offices across the country; theirmain job is to coordinate supplies between its 800 dealers and the company. The sales offices provide a rollingdemand forecast of tractors for the current month plus two months in the future. The forecast is used to determine thenumber and models of tractors to manufacture and to support advance ordering of key modules and parts. The deputygeneral manager of sales in the company’s Farm Division has been receiving an increasing number of complaints fromirate dealers about the supply of tractors from the company’s stockyards. He needs your help to fix the situation. 1A. Discuss two additional demand management strategies or tools that MMFE could use to better…Given the forecast and booked orders shown in the table, and a beginning inventory of 25, what should the master production schedule quantity be for period 4? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Planned EOM stock is $61,321.00, planned sales are $19,238.00, planned reductions are $5,275.00, and Planned BOM stock is $57,432.00. What are the planned purchases at retail?
- Budgeting for a Merchandising Firm Goldberg Company is a retail sporting goods store thatuses an accrual accounting system. Facts regarding its operations follow:∙ Sales are budgeted at $250,000 for December and $225,000 for January, terms 1/eom, n/60.∙ Collections are expected to be 50% in the month of sale and 48% in the month following the sale.Two percent of sales are expected to be uncollectible and recorded in an allowance account at theend of the month of sale. Bad debts expense is included as part of operating expenses.∙ Gross margin is 30% of gross sales.∙ All accounts receivable are from credit sales. Bad debts are written off against the allowanceaccount at the end of the month following the month of sale.∙ Goldberg desires to have 80% of the merchandise for the following month’s sales on hand at the endof each month. Payment for merchandise is made in the month following the month of purchase.∙ Other monthly operating expenses to be paid in cash total $25,000.∙ Annual…Budgeting for a Merchandising Firm Goldberg Company is a retail sporting goods store thatuses an accrual accounting system. Facts regarding its operations follow:∙ Sales are budgeted at $250,000 for December and $225,000 for January, terms 1/eom, n/60.∙ Collections are expected to be 50% in the month of sale and 48% in the month following the sale.Two percent of sales are expected to be uncollectible and recorded in an allowance account at theend of the month of sale. Bad debts expense is included as part of operating expenses.∙ Gross margin is 30% of gross sales.∙ All accounts receivable are from credit sales. Bad debts are written off against the allowanceaccount at the end of the month following the month of sale.∙ Goldberg desires to have 80% of the merchandise for the following month’s sales on hand at the endof each month. Payment for merchandise is made in the month following the month of purchase.∙ Other monthly operating expenses to be paid in cash total $25,000.∙ Annual…Budgeting for a Merchandising Firm Goldberg Company is a retail sporting goods store thatuses an accrual accounting system. Facts regarding its operations follow:∙ Sales are budgeted at $250,000 for December and $225,000 for January, terms 1/eom, n/60.∙ Collections are expected to be 50% in the month of sale and 48% in the month following the sale.Two percent of sales are expected to be uncollectible and recorded in an allowance account at theend of the month of sale. Bad debts expense is included as part of operating expenses.∙ Gross margin is 30% of gross sales.∙ All accounts receivable are from credit sales. Bad debts are written off against the allowanceaccount at the end of the month following the month of sale.∙ Goldberg desires to have 80% of the merchandise for the following month’s sales on hand at the endof each month. Payment for merchandise is made in the month following the month of purchase.∙ Other monthly operating expenses to be paid in cash total $25,000.∙ Annual…