A metal fabrication shop has a single punch press. There are currently three partsthat the shop has agreed to produce that require the press, and it appears that theywill be supplying these parts well into the future. You may assume that the press isthe critical resource for these parts, so that we need not worry about the interaction of the press with the other machines in the shop. The relevant information here is: Part Number Demand/year Set up Cost ($) Cost per Unit Production ($) rate/year 1 2,500 80 16 45,000 2 5,500 120 18 40,000 3 1,450 60 22 26,000 Holding costs are based on an 18 percent annual interest rate, and the products are to be produced in sequence on a rotation cycle. Setup times can be considered negligible. What is the optimal cycle time in years?
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- The Chineke Group of Company manufactures two products, namely product B and product P, and provides you with the following information: Prod. B Prod. P Selling price per unit 80.00 50.00 Less cost of sales: Direct material A @ R5.00 per kg 15.00 10.00 Direct material B @ R4.00 per kg 8.00 12.00 Direct labour @ R6.00 per hour 12.00 6.00 Variable manufacturing overhead @ R5.00 per labour hour 10.00 5.00 Fixed manufacturing overhead per unit 5.00 5.00 Gross profit 30.00 12.00 Less sales & administrative costs: Variable 6.00 4.00 Fixed 10.00 5.00 Net profit per unit 14.00 3.00 Take note of the following constraints: Material A available 360 kg Material B available 360 kg Labour hours available…Q2: What factors should be taken into account in deciding whether to use a job order cost system or a process cost system in any given manufacturing situation?WAI knows from historical records that approximately 40percent of its labor is used in Department 101 and 60 percentis used in Department 102. Th e reverse is true of machine time;60 percent is used in Department 101 and 40 percent is used inDepartment 102.(a) Calculate the labor and machine hours needed inDepartment 101 for each period of the MPS developed inProblem 4.(b) Calculate the labor and machine hours needed inDepartment 102 for each period of the MPS developed inProblem 4.
- Tuff-Rider, Inc., manufactures touring bikes and mountainbikes in a variety of frame sizes, colors, and component com-binations. Identical bicycles are produced in lots of 100. Theprojected demand, lot size, and time standards are shown inthe following table: Item Touring MountainDemand forecast 5,000 units/year 10,000 units/yearLot size 100 units 100 unitsStandard processing time .25 hour/unit .50 hour/unitStandard setup time 2 hours/lot 3 hours/lot The shop currently works 8 hours a day, 5 days a week,50 weeks a year. It operates five workstations, each producingone bicycle in the time shown in the table. The shop main-tains a 15 percent capacity cushion. How many workstationswill be required next year to meet expected demand withoutusing overtime and without decreasing the firm’s currentcapacity cushion?CarCity is a big retailer for car parts and accessories. The store stocks different types and sizes of car tire. One of the best selling tires is the Tiger Model R125, which is currently purchased from a factory in Indonesia. An analysis of the purchasing operation shows that approximately 3 labor hours are required to process a purchase order, regardless of the quantity purchased. Salaries in the purchasing Department average OMR 12 per hour, including employee benefits. In addition, a detailed analysis of 15 previous purchase orders showed that OMR 132 was spent on telephone, paper, and other consumables directly related to the ordering process . Shipping cost from Indonesia is OMR 230 for a container. A container has a capacity of 800 tires. The lead time for shipments from Indonesia is 15 days. Finally, CarCity’s financial analysts established a holding cost of 20% for this type of tire. The annual demand for the R125 tire is constant at a rate of 8400 units. The store purchases…CarCity is a big retailer for car parts and accessories. The store stocks different types and sizes of car tire. One of the best selling tires is the Tiger Model R125, which is currently purchased from a factory in Indonesia. An analysis of the purchasing operation shows that approximately 2 labor hours are required to process a purchase order, regardless of the quantity purchased. Salaries in the purchasing Department average OMR 15 per hour, including employee benefits. In addition, a detailed analysis of 20 previous purchase orders showed that OMR 132 was spent on telephone, paper, and other consumables directly related to the ordering process (see guidelines above to obtain value of 132). Shipping cost from Indonesia is OMR 250 for a container. A container has a capacity of 800 tires. The lead time for shipments from Indonesia is 15 days. Finally, CarCity’s financial analysts established a holding cost of 30% for this type of tire. The annual demand for the R125 tire is constant at…
- CarCity is a big retailer for car parts and accessories. The store stocks different types and sizes of car tire. One of the best selling tires is the Tiger Model R125, which is currently purchased from a factory in Indonesia. An analysis of the purchasing operation shows that approximately 2 labor hours are required to process a purchase order, regardless of the quantity purchased. Salaries in the purchasing Department average OMR 15 per hour, including employee benefits. In addition, a detailed analysis of 20 previous purchase orders showed that OMR 132 was spent on telephone, paper, and other consumables directly related to the ordering process (see guidelines above to obtain value of 132). Shipping cost from Indonesia is OMR 250 for a container. A container has a capacity of 800 tires. The lead time for shipments from Indonesia is 15 days. Finally, CarCity’s financial analysts established a holding cost of 30% for this type of tire. The annual demand for the R125 tire is constant at…If 10 pallets are received each 8-hour day, what is the average number of pallets in the system on any given day? Stocking 9 persons 1. 5 hpp S/R Cycle Count person 0.5 hrs/pallet (hpp) Pricing 2 persons 1.25 hpp 1 person 0.25 hpp Spotting 1 persons 0.2 hpp O 10 pallets O 4.713 pallets O 4.375 pallets O125 pallets O Impossible to determineA restaurant is planning to introduce a through drive window for their meals. The service consists of two windows: first window to place orders, and the second window to receive orders. The design team of the company is assigned to perform the following tasks. Show how the data is obtained (survey, literature, actual from records). Justify any assumptions used in your analyses. Question) Manage the inventory of the drive-through window including the following: a. Decide on the types of inventories. b. Use periodic inventory control system model. c. Justify any assumptions used in your analysis.
- XYZ Leather Company manufactures and sells two products, wallets and belts, in its two-department plant. Operating data pertaining to the two products are as follows: Wallets Belts Selling price per unit P30 P50 Cost per unit: Variable manufacturing costs P8 P15 Variable marketing costs P2 P3 Fixed manufacturing costs P5 P5 Fixed marketing costs P6 P1 Cutting Finishing…2-The company is developing a new product that will incorporate subassemblyC. As part of the development process, a manufacturing testrunwill be conducted, requiring an extra 500 subassembly C’s per week.What is the earliest week this extra production can be added while stillmaintaining the inventory requirements of all components?Which of the following is a fixed cost? a) Direct materials b ) Direct labor c) Rent on factory building d) Variable manufacturing overhead