A manufacturing enterprise manufactures ball-bearings using a special type of metal as raw material. The following budget was compiled for the coming year Units sold Raw materials Direct labour Variable overheads Fixed overheads Selling value SP 4 2.000 R Ball-bearings SP 5 2 000 12 000 5 000 1.000 2 000 24 000 R 6 000 3 000 600 1 200 16 000 SP 6 2000 R 15 000 6 000 1 200 2400 30 000 After the budget had been compiled, the full demand for raw materials could not be met. Due to the shortage of raw materials, only 75% of the materials required could be supplied. However, despite the shortage, the unit price of raw materials remains unaltered Required:
Q: Which one (1) of the following is considered a "hazard" for insurance purposes? A claims-free…
A: Getting around the insurance world includes evaluating many aspects that affect risk and potential…
Q: 5. Step 5: Organize the Message The fifth step in the planning of a business message is organizing…
A: The structure of a message is crucial to guaranteeing clarity and comprehension in the context of…
Q: Use the tab labeled Solver Part 4 to complete the following: a) Create and program a spreadsheet…
A: Find the given details below: Given details:New TruckFuel/Additives54Truck…
Q: How are organizations managing and mitigating supply chain risks during IT resource acquisition?
A: Organization consists of several functions such as production, operations, human resources,…
Q: The Custom Bike Company has set up a weighted scoring matrix for evaluation of potential projects.…
A: Find the given details below: Given details:CriteriaWeightProjectProject 1Project 2Project…
Q: Evaluate the role independent demand plays in the creation of a capable global sustainable supply…
A: In trendy interconnected global, the establishment of a sustainable and efficient international…
Q: Charles Lackey operates a bakery in Idaho Falls, Idaho. Because of its excellent product and…
A: Multifactor productivity is a measurement that helps the business determine the efficiency as well…
Q: Use the longest task time heuristic. 3-a balance the line with Cycle time = 1.3 minute Work Station…
A: Here, I have been given the cycle time data. Each task is given with the time data, and the…
Q: Which of the following is NOT true according to this perceptual map? OO banc service O O Toyota O…
A: A perceptual map is a visual representation or a graphical tool of data that shows how marketers…
Q: Universal Claims Processors processes insurance claims for large national insurance companies. Most…
A: Linear programming is a mathematical method used to find the best possible outcome or solution from…
Q: Calculate the Economic Order Quantity, Total Annual Cost, Reorder Point, and ADDITIONAL Annual Cost…
A:
Q: Why is pipelining often compared to an assembly line in manufacturing?
A: Pipelining and assembly lines, although distinct concepts in different fields, share several…
Q: (a) Develop a model for the total cost (C) to put on the seminar. Let x represent the number of…
A:
Q: Based on a careful work study in the Hofstetter Corp., the results shown in the following table have…
A: Find the given details below: Given details:StepPerformance RatingObservation…
Q: Nitrogen Chemicals is considering the optimal batch size for the reorder of concentrated sulphuric…
A: The purchase price of H2 SO4 is K150 per gallonThe clerical and data processing costs are K500 per…
Q: A store has the following demand figures for the last four years: Year Demand 1 100 E 2 150 3 112 4…
A: 4 years demand is provided below:YearDemand1100215031124200Demand forecast for Year 2 = F2 =…
Q: This figure represents the impact of supply chain performance on total costs. sp To A B E
A: In the above figure on the x axis is the Supply chain performance and the y-axis represents the…
Q: The actual demand for the patients at Omaha Emergency Medical Clinic for the first 6 weeks of this…
A: The forecast is the prediction of future events that are uncertain for a business organization.…
Q: Describe how CRMs can be integrated with inventory management systems.
A: Success in today's changing corporate environment depends on the successful coordination of several…
Q: Following is the payoff table for the Pittsburgh Development Corporation (PDC) Condominium Project.…
A: Find the given details below: Given details:Decision AlternativesState of NatureStrong Demand…
Q: Professional Benefits for a project management course. Organizational Benefits for a project…
A: Project managementThis can be defined as a scientific approach to managing projects for an…
Q: What tools or frameworks are commonly used by organizations to visualize and track their risk…
A: Organizations confront a variety of risks in the dynamic world of contemporary business, risks that…
Q: How can organizations benefit from a risk management maturity model?
A: A strategy framework called a risk management maturity model enables organisations to assess,…
Q: The ranking of items in ABC inventory analysis is based on. a. b. unit price annual demand in units…
A: ABC inventory analysis is a strategic method utilized by groups to categorize and control their…
Q: Identify the main components of a risk management plan.
A: A risk management plan acts as a critical tool for any project or organization that wants to…
Q: 12. Which of the following refers to an employer's obligation to do something to enable an otherwise…
A: A core tenet of employment law that promotes equal opportunity for people with disabilities is…
Q: The distribution system for the Herman Company consists of three plants, two warehouses, and four…
A: Note:Since you have posted multiple questions, we will provide the solution only to the first…
Q: Select a project based on the definition "A project is a temporary endeavor undertaken to create a…
A: Here, first I would select a project considering the given project definition/statement, each…
Q: Determining an organization's objectives and deciding how to accomplish them is a management…
A: Management is an important process of an organization. It involves the coordination of the efforts…
Q: The hospital controller was looking at the latest productivity report for the ICU. She noticed that…
A: Find the given details below: Given details:Total paid hours3887hoursWorked hours3499hoursPay…
Q: In STAR Method: Situation, Task, Action, Result. Tell me about a time helping an upset customer as a…
A: As an Amazon employee, one must provide exceptional customer service to preserve the company's…
Q: How can organizations address risks arising from supply chain vulnerabilities
A: Every organization should address risks arising from supply chain vulnerabilities. With these…
Q: What tools or frameworks are commonly used by organizations to visualize and track their risk…
A: Understanding risks and properly managing them is essential to success and sustainability in the…
Q: The total cost of hirings = $. (Enter your response as a whole number.)
A:
Q: The probabilities for states of nature A, B, and C are 0.3, 0.5, and 0.2, respectively. If a perfect…
A: Here, I have been given four alternatives, and each state of nature is given with the probability…
Q: a. Is the problem balanced? Supply by 300 units no b. What is the total transportation cost [Select…
A: The transportation model is used to calculate the minimum cost of the route by selecting different…
Q: Explain how a risk matrix is utilized in risk assessment.
A: A risk matrix helps to evaluate and prioritize risks based on their potential impact and likelihood…
Q: Describe which organizational area in either production and supply chain management, marketing, or…
A: Managing the supply chain and production processes in a global environment can be one of the most…
Q: A 6 B C H 11 18 D TOP 3 6 Hammock Ĵ E F 9 Activities C, D, and E in the project represented by the…
A: In project management, hammocked activity is a type of task or activity that club multiple…
Q: Discuss how duality principles are applied in operations research, particularly in scheduling…
A: Duality principles lie at the heart of operations research, a field dedicated to optimizing…
Q: How do risk tolerance and risk capacity influence an organization's risk management decisions
A: Risk tolerance and risk capacity are two important terms in the context of risk management, These…
Q: Favors Distribution Company purchases small imported trinkets in bulk, packages them, and sells…
A: Month SalesJan11Feb19Mar17Apr14May15Jun16Jul20Aug15
Q: Avis Company is a car rental company that is located three miles from the Los Angeles airport (LAX).…
A:
Q: Determine whether the given simplex tableau is in fina form. If so, the solution the associated…
A: Solution :From the given data :xyzuvpconstant305110262130101880702146
Q: Charles Lackey operates a bakery in Idaho Falls, Idaho. Because of its excellent product and…
A: Multifactor productivity provides a comprehensive view of productivity by considering the input…
Q: In what ways do external regulatory changes pose risks to an organization's operations?
A: Regulatory risk is the possibility that a change in laws or regulations will have an impact on a…
Q: The BOM for product A is shown in the following figure, and data from the inventory records are…
A: Find the given details below: ItemData CategoryCDELot SizeL4LFOQ = 200POQ (P = 3)Lead…
Q: A company finds the following information about its customers and their locations: X coordinate 20 Y…
A: The following information about the customers and their locations are…
Q: In this discussion you will be looking at the system development process by analyzing a case study…
A: The "Hitachi Consulting Moves Human Resources to the Cloud" case study provides a compelling…
Q: Given this set of daily service operations, and assuming a processing order of A-B-C-D-E: Service…
A: Processing order of service operations = A-B-C-D-EService OperationNumber of Daily…
Step by step
Solved in 4 steps with 3 images
- Table 1. Demand of Hairdryer from January to July [Jadual 1. Permintaan Pengering Rambut dari Januari 2021 hingga Julai 2021] Month Demand January February 2800 2870 March 2968 April Мay 3000 3100 Jun 3150 July 3400 a) Calculate forecast future demand for May, June, July and August by using 3 months simple moving average.[hitung ramalan permintaan masa depan untuk bulan Mei, Jun, Julai dan Ogos dengan menggunakan purata bergerak sederhana 3 bulan.] *Calculate customer life time value for the data below. (Show Work) Purchase Occasion Transition Probability Average Basket Size 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 ΝΑ 55% 75% 78% 83% 81% 81% 86% 82% 85% 90% 93% 85% 89% 85% 91% 97% 97% 96% 85% 83% 89% 82% 79% 82% 89% 88% 86% 67% 75% $46.71 $56.71 $57.93 $56.87 $58.26 $66.90 $63.62 $70.27 $63.03 $62.60 $71.81 $76.76 $78.14 $65.65 $74.84 $81.11 $72.08 $87.30 $71.94 $75.44 $70.35 $72.86 $66.68 $79.90 $93.91 $61.08 $94.16 $100.40 $77.89 $99.70Q2: 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).
- c. 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.11. Provide an example for each type of approach to demand analysis.A steel workshop of PT Mental Baja produces leaf springs for cars. theyhave a demand forecast for the next 6 months as anext:i. January 446 units (production time 20 days)ii. February 600 units (production time 18 days)iii. March 700 units (production time 20 days)iv. April 900 units (production time 20 days)v. May 650 units (production time 20 days)vi. June 550 units (production time 20 days) The following are some important information to be the basis for doingcalculation of production costs as follows:i. Inventory cost $4 per unitii. Subcontractor fee $15 per unitiii. Workers cost $10 per hour or $80 per dayiv. Production time per unit 1.6 hours Tasks and questionsa. Assuming that the number of units that can be produced is 35 units per dayand 1 person can make 7 units, make an estimated cost by usingConstant Workforce approach. b. Assuming that internal processing is carried out usingcapacitors of daily production are the lowest for 6 months and constant,calculate estimated…
- 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…A method of estimating future demand usedfor decision making in order to set reasonable targets and control orlimit uncertainties or risks.Q1. Al Rawahi Company's budgeted sales and direct materials purchases are as follows: Months Budgeted Sales Budget D M Purchases April 250000 32000 May 270000 38500 320000 44400 June Al Rawahi sales are 30% cash and 70% credit. Credit sales are collected as 25% in the month of sale, 35% in the month following sale, and 38% in the second month following sale; 2% are uncollectible. Al Rawahi purchases are 40% cash and 60% on account. Purchases on account are paid 45% in the month of purchase, and 55% in the month following purchase. Instructions A. Prepare a schedule of expected collections from customers for June.(4 marks) B. Prepare a schedule of expected payments for direct materials for June. (3 marks) Q2: O Focus ed Kingdom)
- Month# Jan Feb Mar Apr May June Forecast# 1800 1500 1100 1500 2100 1600 Name Labor hours per unit (hr/unit) Initial number of workers Safety Stock (units) Working hours in a day(hr/day) Beginning inventory(units) Value 5 30 0 9 450 Month# Jan Feb Mar Apr May June Working Days available 21 21 21 21 21 19 The tables present forecasts, production, and cost information for aggregate planning. Using a level strategy with backorders to produce at average demand, now many workers are required each month? (Round up the calculated number of workers to the nearest whole number, and round the production rate to the nearest whole numberSupply/Demand Info Predicted Sales Regular production Overtime production Subcontract production Ending inventory Hired employees Fired employees Total employees Cost variables are as follows: Cost Variables Labor cost/hour Overtime cost/ton Subcontracting costiton Holding cost ton/month Hiring cost employee Firing cost/employee Beginning Apr May 4,200 531 $20 $32 $25 $10 $3.700 $4.000 Jun 51,500 50.300 61,600 Here is some additional relevant (capacity) information: Capacity Information Total labor hours/ton Regular production tons/employee/month Max regular production (tons/month) Max overtime production (tons/month) Max subcontractor production (tons/month) 3 100 56,700 3,700 6,000 Jul Aug Sep 45,400 56.600 62,800 Given the above information (and don't overlook beginning number of employees and inventory levels in the first table), create a LEVEL production plan with only the use of regular production and no inventory left over at the end of the six-month period. What is the regular…Consider the following price and dividend data for Ford Motor Company: Dividend ($) Date December 31, 2004 January 26, 2005 April 28, 2005 July 29, 2005 October 28, 2005 December 30, 2005 Price ($) $14.04 $13.43 $9.14 OA. -44.4% OB. -40.2% OC.-42.32% OD. -38.1% $10.74 $8.02 $7.72 $0.12 $0.12 $0.12 $0.12 Assume that you purchased Ford Motor Company stock at the closing price on December 31, 2004 and sold it at the closing price on December 30, 2005. Your realized annual return is for the year 2005 is closest to: