A company wants to develop a level production plan for a family of products. The openinginventory is 100 units, and then increase to 180 units is expected by the end of the plan thedemand for each of the next 6 periods is: 100, 120, 125, 130, 115 and 110. Assume that allperiods at the same number of working days. Based on this data, company should produce howmany units per period for the next 6 periods ? :780 units130 units.140 unitsO 700 unitsO None of the above

Opening Inventory = 100Ending Inventory = 180 unitsDemands for 6 periods are given.A level plan has…

Answered: A company wants to develop a level…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Similar questions

Break-even volume is the number of unit sales required for total revenue to cover total cost. Select one: O True O False
A20
Rick Wing has a repetitive manufacturing plant producing automobile steering wheels. Use the following data to prepare for a reduced lot size. The firm uses a work year of 300 days. Setup labor cost Annual holding cost Daily production (8 hours) Annual demand for steering wheels Desired lot size (2 hours of production) $60.00 per hour $19 per unit 1,040 units/day 33,000 (300 days x daily demand of 110 units) Q = 260 units a) Setup cost = $ b) Setup time = (round your response to two decimal places). minutes (round your response to two decimal places).
The Northridge Company tends to keep the inventory low. At the same time, it is important to respond to demand quickly, since a customer who wants a product K is very likely to get one from a competitor if Northridge Company doesn’t have one available immediately. Northridge Company’s current policy to produce the product K is to produce 100 per week, which is the average demand. Even this is a problem, as the production manager has pointed out, since the equipment is also used for other products and the lot size of 300 would be much more efficient. He said he is currently set up the production for product K for the next week and states that he has capacity available to produce 300 at a time next week. The following lists the forecasts and actual customer orders for the next 12 weeks. Week 1 2 3 4 5 6 7 8 9 10 11 12 Forecast 90 120 110 80 85 95 100 110 90 90 100 110 Customer Orders 105 97 93 72 98 72 53 21…
Conhugeco is deciding between three levels of automation for the work cell that produces a key component. The Amazing Criswell, the company forecaster, believes that there could be three levels of demand for the products produced in this work cell and has developed this table of probable annual maintenance costs for company executives. Low Demand Medium Demand High Demand No Automation 125 85 105 Robotics 110 120 130 CAD/CAM 190 160 50 FMS 140 160 120 What is the best decision if Conhugeco company executives use a minimax regret approach to this decision? a. Robotics b. FMS c. CAD/CAM d. No Automation
XYZ company has determined that the annual demand for type A material is 20,000 pounds. Salma, who works in her brother's factory, is in charge of purchasing. She estimates that it costs $15 every time an order is placed. This cost includes her wages, the cost of the forms used in placing the order, and so on. Furthermore, she estimates that the cost of carrying one pound in inventory for a year is 0.05 $. Assume that the demand is constant throughout the year. (Note: $ is a dollar sign) a) If we are going to use the EOQ inventory model, mention all the assumptions that are made to validate that model. b) How many pounds of type A material should Huda order (i.e. Q*) at a time if she wishes to minimize total inventory cost? c) How many orders per year would be placed? d) What would the annual ordering cost be? e) What would the average inventory be? f) What would the annual holding cost be? See equations below if needed: Annual Ordering cost Annual hdding: Number of orders placed per…
6. As the ratio of the cost of overstocking to the cost of understocking gets smaller, the optimal level of product availability decreases. Is the statement TRUE or FALSE? O TRUE FALSE
Newpaper sales data suggest that 20% of the days, 80 papers are sold; 40% of the days, 90 papers are sold; and the remaining days, 100 papers are sold. Given the vendor plans to stock 90 each day, what approx. expected CSL is the vendor targeting? 60% 36% 57% 65%
Carol Cagle bas a repetitive manufacturing plantproducing trailer bitches in Arlington, Texas. The plant has anaverage inventory tu rnover of only 12 times per year. She hastherefore determined that she will reduce her component lotsizes. She has developed the following data for one component,the safety chain clip:Annual demand = 31,200 unitsDaily demand = 120 unitsDaily production (in 8 hours) = 960 unitsDesired lot size (I hour of production) = 120 unitsHolding cost per unit per year = $12Setup labor cost per hour = $20How many minutes of setup time should she have her plant manageraim for regarding this component?
the variable cost will be constant regardless the number of units produced true false
Please do not give solution in image formate thanku.
What is the break-even in units? Assume: Fixed Costs = $10,000, Sales Price = $15, Variable costs/unit = $6

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