In the following Material Requirements Planning (MRP) schedule for Item J, you'll find the necessary fields to determine the net requirements, planned-order receipts, and planned-order releases, aiming to satisfy the gross requirements. The lead time is one week. Leave any cells blank wherever zero (0) is required.### MRP Schedule**Week Number:**| Item J | 0 | 1 | 2 | 3 | 4 | 5 ||--------|----|----|----|----|----|----|| Gross Requirements | | 75 | 50 | | 70 || On-hand | 48 |#### Fields to Fill:- **Net requirements**: To calculate the actual amount required after accounting for on-hand and scheduled receipts.- **Planned-order receipt**: Orders that are expected to arrive.- **Planned-order release**: Orders that need to be made to ensure planned-order receipts arrive in time.**Table Details:****Period:**| | 1 | 2 | 3 | 4 | 5 ||--------------|----|----|----|----|----|| Gross requirements | | 75 | 50 | | 70 || Scheduled receipts | | | | | || Projected available balance | | | | | || Net requirements | | | | | || Planned order receipts | | | | | || Planned order releases | | | | | |- **Item J** represents the item being planned for.- **Oh: 40** indicates the on-hand inventory is 40 units.- **LT: 1** indicates a lead time of one week.- **SS: 0** implies there is no safety stock requirement.- **Q: L4L** indicates that orders should be placed as "Lot-for-Lot," meaning you order exactly what's required. This structure allows for the planning and control of inventory requirements over a set number of periods, ensuring the timely fulfillment of future demands.

Given Gross requirement of week 2, 4, 5 is 75, 50, and 70 respectively.

In the following MRP planning schedule for Item J, indicate the correct net requirements, planned-order receipts, and planned-order relesses to meet the gross requirements. Lead time is one week. (Leave the cells blank, whenever zero (0) is required.) WEEK NUMBER ITEM J 1 2 3 4 5 Gross requirements On -hand Net requirements Planned-order receipt Planned-order release 75 58 70 40 Perlod 2 3 Grass requirements 75 50 70 Item: J Scheduled receipts ОН: 40 LT: 1 SS: 0 Q: L4L Projected available balance Net requirements Planned arder receipts Planned arder releases

In the following MRP planning schedule for Item J, indicate the correct net requirements, planned-order receipts, and planned-order relesses to meet the gross requirements. Lead time is one week. (Leave the cells blank, whenever zero (0) is required.) WEEK NUMBER ITEM J 1 2 3 4 5 Gross requirements On -hand Net requirements Planned-order receipt Planned-order release 75 58 70 40 Perlod 2 3 Grass requirements 75 50 70 Item: J Scheduled receipts ОН: 40 LT: 1 SS: 0 Q: L4L Projected available balance Net requirements Planned arder receipts Planned arder releases

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter6: Process Costing

Section: Chapter Questions

Problem 32P: Refer to the data in Problem 6.31. Assume that the FIFO method is used. Required: 1. Prepare a...

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