←Makayla Metbers Cabinets, Inc., needs to choose a production method for its new office shelf, the Maxistand. To help accomplish this, the firm has gathered the following production cost dataVariable Costs (per unit) (5)MaterialAnnualized Fixed Costof Plant & Equipment$1,200,000$1,000,000$1,025,0001826$1,900,000Process TypeMass CustomizationIntermittentRepetitiveContinuousMakayla Metters Cabinets projects an annual demand of 24,000 units for the Maxistand. The selling price for the Maxistand is $120per unit.a) Based on the projected annual demand, the best alternative available is to use theprocessb) The value of annual profit using this method is $ (Enter your response as an integer)Labor302420251515Energy12201210

Annual demand = 24000Selling price = 120 per unit

Answered: Makayla Meters Cabinets projects an…

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...

See similar textbooks

Similar questions

The supply chain management opportunity called postponement involves delaying deliveries to prevent inventory buildup at the customer site. Select one: a. False b. True
The extra inventory we keep just in case the replenishment is delayed is referred to as Group of answer choices a)customer service inventory b)unanticipated excess inventory c)safety stock d) unexplained inventory
Increases in lead time ________reorder points. Group of answer choices Decrease Have no effect on Increase
Which of the following z-scores will you use to be able to meet demand from inventory 90% of the time? 0 1.96 1.65 1.28 3.00 O 2.33 10 Which of the following z-scores will you use to meet demand from inventory 95% of the time. O 2.33 1.65 3.00 O1.28 O1.96
A company replaces its SKU’s at a rate of 25 pcs a day. In the past this qty tended to vary normally & have a std dev of 3 units per day. SKU’s are ordered from XYZ Supplier. LT is normally distributed with an average of 10 days & std dev of 2 days. What ROP should be used to achieve a service level of 95%.
To reduce uncertainty, buyers look for signals of service quality. * O True False Design contributes to a product's usefulness as well as to its looks. * O True O False Products perceived by customers as of "good value" always have relatively low prices. O True O False Price plays a key role in creating customer value and building customer relationships. O True False
A convenience store uses the fixed-period inventory control system (FPS) to manage its inventory of distilled water bottles. This system relies on the following information. (a)Using EOQ (rounded up), what is the time interval between reviews T in operating days? Note that after having the rounded-up EOQ, you should not round up values at intermediate steps; and, you should round T up only after the last calculation. (For example: enter 10 for 10 days.) (b) What is the current inventory position (IP) in bottles? (For example: enter 70 for 70 bottles) (c)Without safety stock, what is the replenishment level without safety stock M(AD) in bottles? Note that the question does not ask for M(ST). (For example: enter 70 for 70 bottles) (d)If today is the review day and without safety stock, what is the order quantity in bottles given M(AD)? (For example: enter 70 for 70 bottles)
The manager of the main laboratory facility at MetroHealth Center is interested in being able to predict the overhead costs each month for the lab. The manager that varies with the of lab performed but that some costs same each month of the lab tests performed. The lab manager collected the following data for the first seven months of the year. (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare a scatter plot of the lab's volume (number of lab tests performed) and total laboratory overhead costs. Plot the points on the graph. (Enlarge the graph and use the point tool button displayed below to draw the graph.) Relationship of Total Laboratory Overhead Costs to Number of Lab Q Tests Performed Total Laboratory Overhead Co $36.000 $34.000- $32.000 $30,000 $28.000 $26.000 $24.000 $24,000 $22.000- $20,000- $18,000 $16.000 $14,000 $12,000 1,0001.7502 5003,2504,0004,750 Number of Lab Tests Performed Click to enlarge graph Data table Month January..... February....…
In an ABC system based on revenue, C items individually make the lowest annual revenue contribution. TRUE FALSE
Which item would be considered an order winner in an automobile developed for high-end users? Voice-activated music system Compact disc players Full-sized spare tire Air bags
The Northridge Company tends to keep the inventory low. At the same time, it is important to respond to demand quickly, since a customer who wants a product K is very likely to get one from a competitor if Northridge Company doesn’t have one available immediately. Northridge Company’s current policy to produce the product K is to produce 100 per week, which is the average demand. Even this is a problem, as the production manager has pointed out, since the equipment is also used for other products and the lot size of 300 would be much more efficient. He said he is currently set up the production for product K for the next week and states that he has capacity available to produce 300 at a time next week. The following lists the forecasts and actual customer orders for the next 12 weeks. Week 1 2 3 4 5 6 7 8 9 10 11 12 Forecast 90 120 110 80 85 95 100 110 90 90 100 110 Customer Orders 105 97 93 72 98 72 53 21…
Examine the possible cash-flow issues and operational improvement possibilities of at least two KPIs from the middle of the revenue-cycle dashboard of the chosen organization. Charges are captured for services provided. 91%(Color: Yellow)92%(Color: Yellow)85%(Color: Yellow)86%(Color: Yellow)Clinical documentation is completed within 5 days of patient visit/discharge.93%(Color: Green)96%(Color: Green)81%(Color: Yellow)81%(Color: Yellow)Area of the CycleKey Performance Indicator (KPI)Target: 100%January - MarchActualApril - JuneActualJuly - SeptemberActualOctober -DecemberActualMembers of the medical staff are notified within 2 days of any delinquent (greater than 5 days) clinical documentation in patient charts.100%(Color: Green)98%(Color: Green)99%(Color: Green)100%(Color: Green)Coding is completed within 5 days of clinical documentation completion in the medical record.100%(Color: Green)70%(Color: Red)78%(Color: Red)76%(

SEE MORE QUESTIONS

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Business in Action

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

Purchasing and Supply Chain Management

Operations Management

ISBN:

9781285869681

Author:

Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:

Cengage Learning

Production and Operations Analysis, Seventh Editi…

Operations Management

ISBN:

9781478623069

Author:

Steven Nahmias, Tava Lennon Olsen

Publisher:

Waveland Press, Inc.

SEE MORE TEXTBOOKS