A manufacturing enterprise manufactures ball-bearings using a special type of metal as rawmaterial. The following budget was compiled for the coming year.Units soldRaw materialsDirect labourVariable overheadsFixed overheadsSelling valueSP 42 000RBall-bearingsSP 52 000R12 0005 0001.0002 00024 0006 0003 0006001 20016 000SP 62 000R15 0006 0001 2002 40030 000After the budget had been compiled, the full demand for raw materials could not be met. Dueto 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:h5.1 Calculate the product mix that will result in the maximum profit for the enterprise giventhe shortage of raw materials.

Here the values given are for 2000 units sold. First let us find the unit cost for each category.If…

Answered: A manufacturing enterprise manufactures…

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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Historical demands observed for the last 5 months are 1000, 2300, 3200, 1750, and 1200. To match the demand, the company placed respective orders of 1100, 2500, 4000, 1000, and 900 units. (a) Compute the variance of demand. (b) Compute the variance of orders. (c) Compute the bullwhip measure. Is there an amplifying or smoothing effect?
A company wants to produce hardware at a level rate and send 10 units to inventory. If their 6-month forecast reveals a total of 110 units demanded, what should be their monthly production rate?
Please do not give solution in image formate thanku.
Demand(box) 10 11 12 13 14 15 and and more less Possibility 0.1 0.18 0.26 0.24 0.12 0.1 A business that will open a gift shop in Los Angeles is considering making and selling love- themed magnets. It is thought that it will not be possible to order new magnets during the fair period, and magnets that are not sold during the fair period will not be sold later. A box of magnets costs the business $100 and generates $460 from its sale. The table includes predictions about demand probabilities. a-) What is the overstocking cost of the business in dollars/box? b-) How many dollars/box is the missing stocking cost?
Differentiate between economic order quantity and economic production quantity..
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2. Perform an ABC analysis for the data provided. Clearly explain why you classified items as A, B, or C. Annual Unit Item Usage 2400 Cost $19.51 $32.60 $10.20 $6.80 2 6200 3 8500 4 3200 6000 $4.50 $55.70 $3.60 $44.90 $35.62 750 7 8200 8 9000 5800 10 820 $82.60 $40.50 11 500 12 2000 $15.40 $14.60 $35.80 13 2400 14 6300 15 4750 $17.30 2700 $51.75 $42.90 $25.30 16 17 1600 18 1350 19 5000 $67.00 20 1000 $125.00
1. a) Zoey Enterprises manufactures solar engines for helicopters. Given the fuel savings available, new orders for 125 units have been made by customers requesting credit. The variable cost is $11,400 per unit, and the credit price is $13,000 each. Credit is extended for one period. The required return is 1.9 percent per period. If Zoey Enterprises extends credit, it expects that 30 percent of the customers will be repeat customers and place the same order every period forever, and the remaining customers will place one-time orders. Should credit be extended? 2. b) Now, assume that the probability of default is 15 percent. Should the orders be filled now? Assume the number of repeat customers is affected by the defaults. In other words, 30 percent of the customers who do not default are expected to be repeat customers.
.Substitue for Mandatory problem #2 on exam in attachment )-Calculate the Tracking Signal(RSFE/MAD t) given the following data and an alpha=0.4.MAD t-1=15: Period Actual Demand Forecast Demand Error ................... RSFE MAD t TS 0 Start up Start Up Start Up 15 1 30 45 2 43 3 38 4 37 5 40
You have data on the demand for a period of 8 years. The required / finding the expected demand for the 2008 using the simple moving average method based on a 4 period of time. the years 2000 2001 2002 2003 2004 2005 2006 2007 2008 Oder quantity 20 30 45 55 60 68 70 75
11. Provide an example for each type of approach to demand analysis.
Use a mixed strategy - level of procuction (Jan-June) and chase demand (July- September with a support of overtime and sub-contracting not more than two workers and no limid for back orders. Jan 1000 Feb 2750 March 1250 April 1500 May 2250 June 1750 July 2750 August 2250 Sept 2500 Current work force 10 workers Production per worker Inventory holding cost Regular wage rate Overtime wage rate Sub-contracting wage rate Back-ordering wage rate Hiring cost Firing cost Beginning inventory 250 units per month S0.50 per unit per month $50.00 per unit S60.00 per unit $70.00 per unit $90.00 per unit $500 per worker S800 worker per 250 units Mth Regular Production Ending Back Order Demand OT S/k Workers Inventory J F M A. M J J Total Kos (Cost:

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