How many bags of cashews must be sold to break even
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- University of Florida football programs areprinted 1 week prior to each home game. Attendance averages90,000 screaming and loyal Gators fans, of whom two-thirdsusually buy the program, following a normal distribution, for$4 each. Unsold programs are sent to a recycling center thatpays only 10 cents per program. The standard deviation is5,000 programs, and the cost to print each program is $1.a) What is the cost of underestimating demand for eachprogram?b) What is the overage cost per program?c) How many programs should be ordered per game?d) What is the stockout risk for this order size?What is the break-even in units? Assume: Fixed Costs = $10,000, Sales Price = $15, Variable costs/unit = $6The excess cost of an item is the profit you would have made on it. True False
- Develop a measure of risk to go along with the ordering policy. This measure should be quantifiable.The demand for a particular part called SKU 005 is 1,500 units a year. The cost of one SKU 005 is $64.00. It costs $60.00 to place an order SKU 005, and the user of SKU 005 has a per year inventory carrying cost of 25% of unit cost. Assume that there are 250 working days in the year where SKU 005 is used. Once the purchasing manager for SKU 005 places an order, it always takes the vendor 5 working days to deliver that order. What should the purchasing manager’s reorder point be? ) A. 12 ОВ. 30 Ос. 36 O D. 24 O E. 5The demand for a particular part called SKU 005 is 1,200 units a year. The cost of one SKU 005 is $40.00. It costs $60.00 to place an order SKU 005, and the user of SKU 005 has a per year inventory carrying cost of 25% of unit cost. Assume that there are 250 working days in the year where SKU 005 is used. Once the purchasing manager for SKU 005 places an order, it always takes the vendor 5 working days to deliver that order. What should the purchasing manager's reorder point be? O A. 24 O B. 36 O C. 30 O D. 5 O E. 12
- Help meA manufacturer capacity is equal to 60 products per work day. The annual demand reaches 11,520 units per year. The manufacturer operates 6 days per week and 48 weeks per year. The cost to switch the production line from one type of product to the other is $50,000. It costs $1,000 to store on product for one year. a. What is the economic lot size? b. What is the total annual cost? Production Course.PA machine shop manufactures custom brake disks for high performance cars. The shop needs to meet a demand of 1200 units per year. For each production run there is a setup cost of 1200 dollars, and there is a cost of 90 dollars per unit for materials and supplies. Storage of unsold units costs the shop 18 dollars per year. How many units should the shop produce on each production run in order to minimize inventory costs (setup plus storage)? Round your answer to the nearest integer. Answer: 90 units per production run
- In each of the following, name the term defined or answer the question. Answers are listed at the bottom. This means producing only what is needed when needed and no more. A period of time during which the production schedule cannot be changed. Producing a mix of products that matches demand as closely as possible. A production control system that uses a signaling device to regulate the flow of material. If the lead time for an item is exactly five days, the demand is a constant four units per day, and the shipment container contains two units, how many kanban card sets would be needed? (Assume 0 percent safety stock.) A firm wants to justify smaller lot sizes economically. Management knows that it cannot change the cost to carry one unit in inventory because this is largely based on the value of the item. To justify asmaller lot size, what must it do?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?Carol Cagle has a repetitive manufacturing plant producing trailer hitches in Arlington, Texas. The plant has an average inventory turnover of only 12 times per year. He has therefore determined that he will reduce his component lot sizes. He has developed the following data for one component, the safety chain clip: Setup labor cost $25 per hour Annual holding cost $12 per unit Daily production 960 units/8 hour day Annual demand 45,360 (270 days each×daily demand of 168 units) Desired lot size 120 units (one hour of production) Part 2 To obtain the desired lot size, the set-up time that should be achieved = enter your response here minutes (round your response to two decimal places).
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