ABC Company purchased its inventory at a lump price of P20,000. Relative sales value for each type of inventory was: Inventory XX, P10,000 Inventory YY, P4,000 Inventory ZZ, P10,000 How much would be the cost assigned to inventory XX, YY an ZZ respectively? 10,000. 4,000 and 10,000 respectively 10,000, 4,000 and 8,333 respectively 8,333, 3,333 and 8333 respectively 6667, 6667 and 6667 respectively
Q: OI 4. purcha a componer used in the manu be generator directly from the supplier. Westside's…
A: Given data: Annual Demand (D)= 12,000 unitsOrdering cost per order (O) = $25Carrying cost per unit…
Q: Suppose you have a process that requires 20 minutes for start up, 13 minutes for Task #1, 15 minutes…
A: “Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: How Do Managers Plan Production?
A: Production planning is the method of determining how goods or services would be manufactured before…
Q: Name the variables that management must consider to locate production facilities.
A: Plant location is the most common way of deciding a geographic site for a company's tasks. Directors…
Q: anagement s
A: Total Quality Management and Quality Management Systems both address well known ways to deal with…
Q: vrong components Construct the Pareto Chart based on the data given in Table 1.
A: Here, in the table data, we have types of defects and the total count for each type of defect, The…
Q: provides domestic and international air transport services. Explain the five services outputs…
A: At the beginning of Qatar Airways' existence, it was launched on November 22, 1993. With more than…
Q: How can you communicate effectively in a context of rhetoric, culture and communication?
A: Communication is a complex process that involves sending and receiving messages in a particular…
Q: two station nurses clinic operates where you must visit the first station before the second. The CV…
A: In the question, We have been given the coefficient of variation data, the CV is 0.75, the average…
Q: A service counter employs two servers. On average a server requires 8 minutes to process a customer…
A: The correct answer is (b) 7.75 customers/hour
Q: 9. Hamilton County Parks is planning to develop a new park and recreational area on a re- cently…
A: Given data: Activity A B C D E F G H I Time 9 6 6 3 0 3 2 6 3
Q: The following tables show the relevant information for the distribution of products from the plants…
A: Draw a transportation network for the given problem as shown below:
Q: What is the longest route to be taken on the given graph? a. C-F-B-A-E-D-C b. A-E-D-B-C-F-A c.…
A: Add the values of each path of every route. Choosing the longest will give us the longest route for…
Q: What are the advantages of adopting transaction processing systems, customer relationship management…
A: Transaction processing system is a software that makes a transaction successful and it also monitors…
Q: ant messaging, it would be good if you could explain social networking, online discussion groups,…
A: Communication tools on the internet, such as social media and email, blogs, and chat rooms, may be…
Q: Rand Enterprises is considering a number of investment possibilities. Specifically, each investment…
A: Formulas Model:
Q: how to interpret the 2.31 (EFE)
A: Here, by taking the values of the weights and rating the total sum value is coming 2.24 and not…
Q: Follow up for part d)
A: Given data is Objective function: Min Z=8X+12Y Subject to constraints: 1.) 1X+3Y≥92.) 2X+2Y≥103.)…
Q: Are the problems of moving people significantly different from the problems of moving goods or…
A: Public transport is a transportation system where the public travels by bus, rails, metro rails and…
Q: is consistency in care and services could help in improving processes?
A: Process improvement can be stated as the organized or systematic process of problem-solving…
Q: How is the production of services similar to the production of manufactured goods?
A: Service production is the process of delivering the services to the final consumers. Goods…
Q: ohn Smith recently inherited a large sum of money; he wants to use a portion of this money to set up…
A: 1.
Q: 1. True/False A company wants to hire 4 vendors for the sale of 4 products, they could only sell one…
A: Since you have submitted a question with multiple subparts, as per guidelines we have answered the…
Q: Discuss this statement and recommend a systematic approach that project teams should take to manage…
A: Minimum cost in the organization is a goal that managers seek to attain. It is important as it helps…
Q: How reliable is the result of work sampling activity in determining working time and idle time of…
A: Work sampling is one of the methods in which the observations are done on some of the random samples…
Q: _______ A balanced scorecard for measuring company performance a . entails putting equal…
A: In operations excellence and six sigma process improvement efforts, the balanced scorecard is…
Q: Explain the meaning of the Following concepts. 1. Brand- 2. Product Branding - 3. Brand Name- 4.…
A: 1) Brand A brand is a sign of identity, label, emblem, name, term, and/or sentence used by…
Q: 1(a) the number of orders placed per year for the best order quantity. 1(b) the reorder point (ROP)…
A: Here, the best order quantity would be the EOQ quantity, The number of orders placed per year could…
Q: 470 q 16 a speculative stock possessees a _________ probability of _________ return and is…
A: The risk and return of an asset are interrelated. An asset on an efficient frontier shall have…
Q: You are the Procurement Manager of the Caribbean Maritime University. The University needs to…
A: The procurement manager is a key role in any organization and is responsible for the purchase of…
Q: Name the types of plant layout.
A: Plant layout is a strategy for maximising manufacturing facilities by arranging the equipment,…
Q: What do you understand by Materials requirements planning (MRP)?
A: Production is the process of transforming the raw materials and resources into finished products and…
Q: transportation experts
A: Freight theft strategies are developing From food and refreshments to very good quality gadgets,…
Q: pose now that the unit cost for every speaker is $11 if less than 10,000 speakers are produced, $10…
A: Consider basic EOQ model The total cost per unit time is TJ Unit cost is CJ TJ=dKQ+dcj+hQ2 for…
Q: What is meant by Design planning?
A: Design planning process is an essential part of the project. A proper design plan brings benefits to…
Q: ) What is the optimal order quantity and the minimum annual cost for Bell Computers to order,…
A: EOQ stands for economic order quantity. It is a company's optimal order quantity that undervalues…
Q: Should the goal is to reduce the number of IT support staff available to students and teachers, then…
A: There are many schools that are looking to reduce the number of IT support staff available to…
Q: Why do today’s workers need to be resilient and flexible?
A: Being adaptable generally means that an individual has the ability or willingness to change in order…
Q: Identify the ten supply chain risks. Next, select two that you think are of greater risk than some…
A: A supply chain shows the operating activities to deliver finished goods to the customers. A supply…
Q: mployees level of motivation is measured by their a. efficiency b. productivity c. sense of…
A: Motivation means different things to different people. It generally means the willingness to put in…
Q: What is gage R&R, its used & benefits give examples?
A: Manufacturing is a process that needs continuous improvement in it. There are many problems and…
Q: Does the real world even have a need for something as complicated as dynamic programming?
A: Dynamic programming is the technique of optimizing the data and values. This technique is used to…
Q: In the area of operations, what are some of the differences and similarities between high-contact…
A: Services operations management is defined as a form of customer service, and it includes the…
Q: A company has estimated its economic order quantity for Part A at 2,400 units for the coming year.…
A: Given data Economic Order Quantity (EOQ) 2400 units Ordering cost (S) = $200 Holding or carrying…
Q: What are some of the potential benefits that may be obtained via the use of dynamic programming?
A: Dynamic programming is based on an optimization process that converts a difficult problem into a…
Q: 3. A restaurant serves an average of 623 desert (leche flan) servings every week. The manager places…
A: EOQ stands for economic order quantity. It is a company's optimal order quantity that undervalues…
Q: How is the production of services different from the production of manufactured goods?
A: Service production is the process of delivering the services to the final consumers. Goods…
Q: a. Compute a weighted average forecast using a weight of 0.4 for the most recent period, 0.3 for the…
A: A weighted moving average forecast is a forecast of future values based on past values. A weighted…
Q: A company wants to hire 4 vendors for the sale of 4 products, they could only sell one type of…
A: Find the Given details below: Given details: Seller Product 1 2 3 4 1 14 5 8 7 2 2 12 6 5…
Q: How many units of Item X should be ordered each time? O 94 units O 95 units 100 units O O
A: EOQ stands for economic order quantity. It is a company's optimal order quantity that undervalues…
Step by step
Solved in 2 steps
- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: 12 units at $47 Jan. 11 Aug. 13 20 units at $48 Nov. 30 $564 960 735 Avaliable for sale $2,259 There are 20 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using the (a) first-in, first-out (FIFO) method; (b) last-sout (LIFO) method; and (c) weighted average cost method (round per-unit cost to two decimal places and your final answer to the nearest whole dollar). a First-in, first-out (FIFO) b. Last-in, first-out (LIFO) c. Weighted average cost Inventory Purchase Purchase 15 units at $49 47 units 1,284 X
- Over the past 12 months, Super Toy Mart has experienced a demand variance of I 0,000 units and has produced an order variance of 12,000 units.a) What is the bullwhip measure for Super Toy Mart?b) If Super Toy Mart had made a perfect fo recast of demandover the past 12 months and had decided to order 1/ 12 of thatannual demand each month, what would its bullwhip measurehave been?Demand for stereo headphones and MP3 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 last year was as follows: MONTH DEMAND (UNITS) January 4,120 February 4,220 March 3,920 April 4,320 May 4,920 June 4,620 July 5,220 August 4,820 September 5,320 October 5,620 November 6,220 December 5,920 a. Using linear regression analysis, what would you estimate demand to be for each month next year? (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 level of confidence? (Do not round intermediate calculations. Round…1. Consider the following demand scenario: Quantity Probability 2,000 3% 2,100 8% 2,200 2,300 15% 30% 2,400 17% 2,500 12% 2,600 10% 2,700 5% Suppose the manufacturer produces at a cost of $20/unit and sells to the distributor at $40/unit. The distributor sells to end customers for $50/unit during season; unsold units are sold for $10/unit after season. 1. Assume the manufacturer will buy any unsold items at price $32/unit. What is the optimal order quantity? 2. What is the expected number of unsold items? 3. What is the profit for the distributor? 4. What is the profit for the supplier?
- Problem 20-10 (Algo) You are a newsvendor selling San Pedro Times every morning. Before you get to work, you go to the printer and buy the day's paper for $0.45 a copy. You sell a copy of San Pedro Times for $1.40. Daily demand is distributed normally with mean = 340 and standard deviation = 68. At the end of each morning, any leftover copies are worthless and they go to a recycle bin. a. How many copies of San Pedro Times should you buy each morning? (Use Excel's NORMSINV() function to find the correct critical value for the given a-level. Round your z-value to 2 decimal places and final answer to to 2 decimal places.) 8 Answer is complete but not entirely correct. Optimal order quantity 0.05 b. Based on a, what is the probability that you will run out of stock? (Round your answer to the nearest whole number.) * Answer is complete but not entirely correct. Probability 3 X %Problem 20-10 (Algo) You are a newsvendor selling San Pedro Times every morning. Before you get to work, you go to the printer and buy the day’s paper for $0.50 a copy. You sell a copy of San Pedro Times for $1.25. Daily demand is distributed normally with mean = 335 and standard deviation = 67. At the end of each morning, any leftover copies are worthless and they go to a recycle bin. a. How many copies of San Pedro Times should you buy each morning? (Use Excel's NORMSINV() function to find the correct critical value for the given α-level. Round your z-value to 2 decimal places and final answer to to 2 decimal places.) b. Based on a, what is the probability that you will run out of stock? (Round your answer to the nearest whole number.)19. SPRAY-PAINT INVENTORY The Graphic Hobby House made purchases of assorted colors of spray paint during the year as follows. Beginning inventory 200 cans at $2.20 March 400 cans at $2.40 May 700 cans at $2.00 August 500 cans at $2.30 November 300 cans at S2.60 At the end of the year, they had 450 cans of spray paint in stock. (a) Find the inventory value using the weighted-average method. (b) Find the inventory value using the FIFO method. (c) Find the inventory value using the LIFO method.
- ABC analysis on the following set of products Item Annual Demand Unit CostA 211 800 R9B 390 100 R90C 003 450 R6D 100 400 R100E 707 85 R2,000F 660 250 R320G 473 500 R75H 921 100 R75 Soft goods department sells 175 units per month of a certain large bath towel. The unit cost of a towel to the manufacturer is R2.50 and the cost of placing an order has been estimated to be R12.00. There is an inventory carrying charge of 27% of the unit cost per year. What is the optimal order quantity, the order frequency, and the annual holding and setup cost. If the ordering cost can be cut to R4.00, what will be the new economicorder quantity, the order frequency, and annual holding and setup costs.Corral Cartage leases trucks to service its shipping contracts. Larger trucks have cheaper operating costs if there is sufficient business, but are more expensive if they are not full. CC has estimates of monthly shipping demand. What comparison method(s) would be appropriate for choosing which trucks to lease? 1.Present Worth(PW) 2.Annual Worth(AW) 3.Payback PeriodDemand 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…