The base for inventory in a vertical analysis is:_______
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A: To answer this, assume similar demand and production output for both the products. Since both…
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A: The correct answer is
Q: Annual demand (D) is 3,650 units (constant). Lead time (LT) is 10 days (constant). Find reorder…
A: Annual Demand = 3650 Daily Demand = 3650 / 365 = 10 Lead time = 10 Reorder Point = Daily…
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A: An inventory could be referred to as any material, items or finished goods stored by a company in…
Q: A physical count of inventory is usually taken in the middle of the fiscal year at the end of the…
A: A physical count of inventory means recording and maintaining and counting the inventory in the…
Q: A logistics company applies the EOQ model to manage its inventory of spare parts used for…
A: EOQ is an ordering technique under which a company orders a determined amount of units and gets to…
Q: High market complexity and high importance typify a ________ inventory type. Group of answer…
A: Inventory management is the management in which stock is sourced, stored, and sell in the market…
Q: While responding and processing customers’ orders organization have to perform many tasks as…
A: While responding and processing customers orders, Organization has to perform many tasks as…
Q: Which of the following five processes is the procedure for classifying inventory according to yearly…
A: Inventory is managed according to annual dollar utilization using the ABC classification scheme. The…
Q: The basic economic order quantity assumes that: Select one: a. All demand is constant, unknown and…
A: Note: Since you have posted multiple independent questions in the same request, we will solve the…
Q: Complete the MPS record below for a single item. (Enter your responses as integers. A response of…
A: Given data is, Definition - Master Planning Schedule is a supply method to determine the quanitiy…
Q: Instead of a fixed order number, certain operations use a fixed order length. What are any examples?
A: The answer is this:
Q: OMG Corp.'s order quantity for Material T is 5,000 lbs. If the company maintains a safety stock of T…
A: Here, I have been given the following data, these are stated below: The order quantity for Material…
Q: From the following; refers the term "Inventory" O a. Materials in stock O b. Forecast value of a…
A: Organizations keep inventory when they produce and sell the products. Managing inventory is an…
Q: The price elasticity of demand of football ticket is 4. If the price of the ticket is increased by…
A: The price elasticity of demand (PED) measures the percentage change in quantity demanded by…
Q: Master production schedule is a medium-range planning and it is used for quantity and timing of…
A: Master production schedule is a medium-range planning and it is used for quantity and timing of…
Q: Once the costs have been assigned in to the Work in Process Inventory, what are the next steps
A: The term work-in-progress (WIP) is a production and supply-chain management term describing…
Q: Quick Response is generally referred to as O a. Quick forecasting of demand O b. Quick Order…
A: Quick Order entry
Q: The purpose of inventory is a. to fill unused shelf space. b. to keep sales staff busy…
A: Inventories are the goods that are used for the business like raw materials, finished products,…
Q: Your answer will be the packaging hours needed to execute your production plan - rounded to the…
A: Here, we would use scenario 2, very first, LP formulation must be done, this formulated data has…
Q: Las Vegas, Nevada, manufacturer has the option to make or buy one of its component parts. The annual…
A: THE ANSWER IS AS BELOW:
Q: The aeroplane manufacturing is an example of: Select one: a. Make-to-stock strategy b.…
A: The correct answer is d.
Q: You are required to formulate the problem to find the number of production hours needed to fulfill…
A: Given, A company possesses two manufacturing plants, each of which can produce three products: X,…
Q: How many chairs should the firm order each time? Assume there is no uncertainty at all about the…
A: Economic order quantity is the optimal quantity that the business needs to buy the inventory to…
Q: This type of problem can be recognized when an order interval is given (e.g.,inventory is ordered…
A: Given Lead time (LT) = 5 days, On hand inventory(A) = 11 (25ml jars) = 275 ml Mean(d) = 15.2 ml and…
Q: Dell Computer Corp., the world's largest personal-computer maker, is keenly aware of everything its…
A: Introduction: Dell is one of the leading manufacturers of the computer electronics like laptops,…
Q: Schlarbaum Corporation's management keeps track During of the time it takes to process Orders. the…
A: Note- Hi! Thank you for the question, As per the honour code, we are allowed to answer three…
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A: Enterprise resource planning (ERP) system can be stated as the approach utilized by the…
Q: snip
A: Forecasting is a technique that predicts the occurrence of some event in the future. In operations…
Q: The cost per equivalent unit for conversion costs for the first department for the month is closest…
A: Conversion cost is the cost that is used to convert the direct material into the product.
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Q: KSK Company produces backpacks. The company's operations manager, Mehmet Akbalcık, would like to try…
A: Find the Given details below: Month Jan Feb Mar Apr May Jun Total Demand (Unit) 4800 5200 8500…
Q: Tuff-Rider, Inc., manufactures touring bikes and mountainbikes in a variety of frame sizes, colors,…
A: Answer: The projected demand, lot size, time requirements are shown in table presented below:…
Q: Tuff-Rider, Inc., manufactures touring bikes and mountain bikes in a variety of frame sizes, colors,…
A: Formula:
Q: Sensuality Corporation's management keeps track of the time it takes to process orders. During the…
A: . Delivery cycle time = Wait time + Throughput time Throughput time = Process time + Inspection…
Q: You manage a production line that operates using a monthly production cycle. There are five…
A: Line capacity = 500 hrs. Product 1 Product 2 Product 3 Product 4 Product 5 Monthly Demand…
Q: XOX Corporation's management keeps track of the time it takes to process orders. During the most…
A: . Delivery cycle time = Wait time + Throughput time Throughput time = Process time + Inspection time…
Q: Which of the following type of inventory can be used to describe the "Cleaning materials" used in an…
A: Inventories can be of different types such as raw materials, unfinished products, or finished goods.
Q: Your book describes ________ as the preparation steps in a recipe. Group of answer choices Backward…
A: Inventory management is the management in which stock is sourced, stored, and sell in the market…
Q: Which one of the following is a variable to be considered when calculating production lot size? a…
A: Economic production lot size is the optimal quantity fir the items ordered by the customer for…
Q: The Company employs workers who lay cables. The company prides itself on good service and strives to…
A: Given data, Planning Period 1 2 3 4 5 Demand (Hours) 21000 18000 30000 12000 24000 Worker…
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: CPG Bagels starts the day with a large production run of bagels. Throughout the morning additional…
A: Given data: Cost = $0.56 Price = $2.29 Salvage value =$0.15
Q: The lead-time is the time:(A) To place holders for materials(B) Time of receiving materials(C) Time…
A: Time-based competition is the showing of the power of time management, and how it can be used to…
Q: The White Tooth Device Company is a manufacturer of high-end toothbrushes. For each toothbrush,…
A: Note: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts…
Q: A company makes two models, A and B. Which of the following production schedulesis more level?a.…
A: A company makes two models, A and B. Which of the following production schedules is more level?…
Q: In the replenishment area, sales and order forecasts are needed to be performed and shared. Select…
A: Statement: In the replenishment area, sales and order forecasts are needed to be performed and…
The base for inventory in a vertical analysis is:________
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- Shown below is a partially completed MPS record for hand drills. a. Develop the MPS record for the hand drills. (Enter your responses as integers. A response of "0" is equivalent to being not applicable.) Item: Hand drills Quantity on Hand: 30 Forecast Customer orders (booked) Projected on-hand inventory MPS quantity MPS start 1 15 20 N 40 25 3 15 15 Week Available-to- promise (ATP) inventory b. A distributor of the hand drills places an order for 15 units. What is the appropriate shipping date for the entire order? The order should ship on week (Enter your response as an integer.) 4 20 20 Order Policy: 60 units Lead Time: 1 week 5 55 0 6 35 0The combination of product flow and type of order ful-fillment provides 6 types of processes. What are they?Describe the inventory processes perpetually and periodically. Is one system better than the other in circumstances?
- Annin Laboratories uses the weighted-average method to account for its work-in-process inventories. The accounting records show the following information for February: Beginning WIP inventory Direct materials $ 26,553 Conversion costs 8,605 Current period costs Direct materials 159,792 Conversion costs 82,020 Quantity information is obtained from the manufacturing records and includes the following: Beginning inventory 6,000 units (40% complete as to materials, 15% complete as to conversion) Current period units started 45,200 units Ending inventory 23,000 units (75% complete as to materials, 35% complete as to conversion) Required: Compute the equivalent units for the materials and conversion cost calculations. Compute the cost per equivalent unit for direct materials and conversion costs.What is the significance of inventory management in the Farmers Restaurant ?Describe the importance of inventory management as itrelates to the Farmers Restaurant?
- Bhatti Company produces plastic photo frames. Two departments, molding and finishing, are involved in the manufacturing. The molding department fills the molds with hot liquid plastic that is left to cool and then opens them. The finishing department removes the plastic frame from the mold and strips the edges of the frames of extra plastic. The following information is available for the month of January: January 1 Quantity (pounds) January 31 Quantity (pounds) Work-in-Process Inventory Cost Cost Molding department Finishing department None None 5,000 $ 15,000 2,000 The WIP Inventory in the finishing department is estimated to be 40% complete for conversion both at the beginning and end of January. Costs of production for January follow: Direct Costs of Production Materials Conversion Molding department Finishing department $ 450,000 $ 90,000 80,290 The molding department started 50,000 pounds of product in January. The firm uses the FIFO method of process costing. Required: 1. Prepare…Ripeka, the warehouse manager at Hine would like to update the company’s inventory locator system so that the picking operation can be streamlined. While conceptually simple to do, she knows that there will be several steps to the update process that will have to be carefully managed. She needs to complete upgrade and train her staff in operating the new system before the busy season, which is only 4 months away. She identifies the various activities, expected time duration, predecessors and costs, as shown in the table. Identify the project cost. Ripeka is interested to complete the project three weeks early before starting the busy season. How much additional cost the project will incur for completing the project three weeks early?Ripeka, the warehouse manager at Hine would like to update the company’s inventory locator system so that the picking operation can be streamlined. While conceptually simple to do, she knows that there will be several steps to the update process that will have to be carefully managed. She needs to complete upgrade and train her staff in operating the new system before the busy season, which is only 4 months away. She identifies the various activities, expected time duration, predecessors and costs, as shown in the table. Draw the AON Network, and then determine the critical path. [Show your workings, using the grid network.] Identify the project duration – is this project feasible within the required timeframe?
- Draw a flow chart depicting the ordering process.Assume you are the manager of a shop that assembles power tools. You have just received an order for 55 chain saws, which are to be shipped at the start of week 8. Pertinent information on the saws follows: Item Lead Time (weeks) On Hand Saw A B C D E F 2 1 2 2 1 1 2 Gross requirements Scheduled receipts Projected on hand Net requirements Planned order receipt Planned order release Ĉ E(3) & E(2) LT = 1 week Lot size: Lot-for-Lot 15 10 5 65 20 10 30 Skip Extension Tip: Double click to open in new tab Show Transcribed Text Develop the material requirements plan for component E using lot-for-lot ordering for all items. (Leave no cells blank - be certain to enter "0" wherever required.) Components A(2), B(1), C(4) E(3), D(1) D (2), F(3) E(2), D (2) Beg. Inv. 1 2 3 190 5 210 6Wal Mart, although they are not a manufacturing company, uses sophisticated computer software to forecast sales and order products to be stocked in their stores so that they do not run out of the things shoppers are looking for. What kind of software system does Wal Mart likely use? Group of answer choices a) Inventory control b) Just-in-time ordering c) E-procurement d) Materials Requirement Planning (MRP)