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A part is produced in lots of 1,400 units. It is assembled from 2 components worth $30 total. The value added in production (for labor and variable overhead) is stion Viewer it, bringing total costs per completed unit to $60. The average lead time for the part is 4 weeks and annual demand is 3,700 units, based on 50 business weeks per year. a. How many units of the part are held, on average, in cycle inventory? 700 units. (Enter your response as an integer.) What is the dollar value of this inventory? $ (Enter your response as an integer.)

A part is produced in lots of 1,400 units. It is assembled from 2 components worth $30 total. The value added in production (for labor and variable overhead) is stion Viewer it, bringing total costs per completed unit to $60. The average lead time for the part is 4 weeks and annual demand is 3,700 units, based on 50 business weeks per year. a. How many units of the part are held, on average, in cycle inventory? 700 units. (Enter your response as an integer.) What is the dollar value of this inventory? $ (Enter your response as an integer.)

Practical Management Science
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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A part is produced in lots of 1,400 units. It is assembled from 2 components worth $30 total. The value added in production (for labor and variable overhead) is stion Viewer it, bringing total costs per completed unit to $60. The average lead time for the part is 4 weeks and annual demand is 3,700 units, based on 50 business weeks per year. a. How many units of the part are held, on average, in cycle inventory? 700 units. (Enter your response as an integer.) What is the dollar value of this inventory? $ (Enter your response as an integer.)
Transcribed Image Text:A part is produced in lots of 1,400 units. It is assembled from 2 components worth $30 total. The value added in production (for labor and variable overhead) is stion Viewer it, bringing total costs per completed unit to $60. The average lead time for the part is 4 weeks and annual demand is 3,700 units, based on 50 business weeks per year. a. How many units of the part are held, on average, in cycle inventory? 700 units. (Enter your response as an integer.) What is the dollar value of this inventory? $ (Enter your response as an integer.)
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