Note:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure. 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$40.00 per hourAnnual holding cost$11 per unitDaily production (8 hours)800 units/dayAnnual demand for steering wheelsDesired lot size (2 hours of production)33,000 (300 days x daily demand of 110 units)Q = 200 unitsa) Setup cost-$ (round your response to two decimal places)b) Setup time= minutes (round your response to two decimal places)

Let me state the given data, For the given data, I will determine the setup cost and the setup time,…

Answered: a) Setup cost-$ b) Setup time (round…

a) Setup cost-$ b) Setup time (round your response to two decimal places) minutes (round your response to two decimal places)

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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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. 33,000 Annual demand for steering wheels Daily demand Daily production (8 hours) Desired lot size (2 hours of production) 110 800 200 Holding cost per unit per year $18 a) What is the setup cost, based on the desired lot size? Setup cost = S 9.41 (round your response to two decimal places). b) What is the setup time, based on $60 per hour setup labour? Setup time = minutes (round your response to two decimal places).
Rick Wing has a repetitive manufacturing plant producing automobile steering wheels. Use the following data to pre-pare for a reduced lot size. The firm uses a work year of 305 days. Annual demand for steering wheels 30,500Daily demand 100Daily production (8 hours) 800Desired lot size (2 hours of production) 200Holding cost per unit per year $10 a) What is the setup cost, based on the desired lot size?b) What is the setup time, based on $40 per hour setup labor?
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 $11 per unit 880 units/day 36,000 (300 days x daily demand of 120 units) Q=220 units a) Setup cost = $ (round your response to two decimal places). b) Setup time = minutes (round your response to two decimal places).
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).
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 305 days. a) Setup cost= b) Setup time = Setup labor cost Annual holding cost $60.00 per hour $19 per unit 1,040 units/day 30,500 (305 days x daily demand of 100 units) Q = 260 units Daily production (8 hours) Annual demand for steering wheels Desired lot size (2 hours of production) (round your response to two decimal places). minutes (round your response to two decimal places).
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