Problem #2- Brown Manufacturing-Modified, from textbook page #198If the annual demand is reduced to 8,000 units, the set-up costs increased to $120, inventory carrying cost increasedto $0.60 per unit per year and the demand during the production period is maintained at 60 units per day and 80units can be manufactured daily, calculateа.The optimum production quantity (Q*) per production run (or per production lot).b. (ne length of each production run.с. (The number of production runs per year.Page 2 of 4Scanned with CamScanner

Given:Annual demand = 8,000 unitsDaily demand=60 unitsProduction per day= 80 unitsOrdering cost=$120…

Answered: Problem #2- Brown…

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

1. Net sales for the hosiery department in May wee $30,620. Book inventory at the end of the month showed that $97,831 should be on hand. Physical inventory showed $97,560. Determine shortage or overage percent. Present your answer with a percent sign, rounded to two decimal places (i.e. 19.64%). 2. Using the data below, determine the closing book inventory. Not all information given may be needed. Present your answer with a dollar sign, comma separator, rounded to the dollar. (i.e. $19,567) Opening inventory $89,760 Gross purchases $43,620 RTV $860 Cash discounts $320 Markdowns $5,246 Markdown cancellations $318 Employee discounts $784 Gross sales $49,318 Customer returns $2,945 Net markups $760 3. Calculate the shortage or overage percent, given the following information. Present your answer with a percent sign, rounded to two decimal places (i.e. 19.64%). NOTE. There is another question in this quiz using the same data. Opening inventory…
please answer within 30 mins. and explain properly with correct answer.
Solve part e and f
Q3. Discuss Material and Capacity Requirements Planning and scope or function of Material Management
The Bawl Corporation supplies alloy ball bearings to automanufacturers in Detroit. Because of its specialized manu-facturing process, considerable work-in-process and rawmaterials are needed. The current inventory levels are$2,470,000 and $1,566,000, respectively. In addition, fin-ished goods inventory is $1,200,000 and sales (at cost) forthe current year are expected to be about $48 million. Ex-press total inventory asa. Weeks of supplyb. Inventory turns
Trumps Inc. has developed a chew-proof dog bed-the Tuff Pup. Fixed costs are P 204,000 per year. The average price for the Tuff-Pup is P 36, and the average variable cost is P 22 per unit. Currently, Trumps produces and sells 20,000 Tuff-Pups annually. Required: How many Tuff-Pups must be sold to break-even? If Trumps wants to earn P95,000 in profit, how many Tuff-Pups must be sold? Prepare a variable-costing income statement to verify your answer. Suppose that Trumps would like to lower the break-even units to 12,000. The company does not believe that the price or fixed cost can be changed. Calculate the new unit variable cost that would result in break-even units of 12,000 units. (Round to the nearest cent). What is Trumps current contribution margin and operating income? Calculate the degree of operating leverage (round your answer to four decimal places.) If sales increased by 10% next year, what would the present change in operating income be?
Subject: Logistic management Q#7) What is JIT (Just in time) in logistic managemet & its pre-requisite explain with examples? Q#8) What is ford model explain with examples?
a) GOT7 Soda Pop, Inc., has a new fruits drink. The production planner has assembled the following cost data and demand forecast as follow: [GOT7 Soda Pop, Inc., mempunyai minuman buah-buahan yang baru, Perancang pengeluaran telah mengumpul data tentang kos dan ramalan permintaan seperti berikut:] Quarter Demand 1,800 First Second 1,200 Third 1,600 Fourth 1,300 Table 1: Cost and demand forecast [Jadual 1: Kos dan ramalan permintaan] Previous quater's output 1,300 cases Beginning inventory 0 cases Stockout cost Inventory holding cost Hiring employees Terminating employees Subcontracting cost Unit cost on regular time Overtime cost RM150 RM40 per case at the end of quater RM40 per case RM80 per case RM60 per case RM30 per case RM15 extra per case You as the production planner need to develop an aggregate planning. You are required to: [Anda sebagai perancang pengeluaran perlu membangunkan perancangan agregat Anda dikehendaki untuk:] i) Assess plan A: strategy that hires and fires…
Q2) Eagle Fabrication has the following aggregate demand requirements and other data for the upcoming four quarters. Quarter Demand Previous quarter's output 1500 units 1 1400 Beginning inventory 200 units 2 1000 Stockout cost $50 per unit 3 1500 Inventory holding cost $8 per unit at end of quarter 4 1300 Hiring workers $5 per unit Laying off workers $10 per unit Unit cost $30 per unit Overtime $10 extra per unit Which of the following production plans is better: Plan A—chase demand by hiring and layoffs; or Plan B—produce at a constant rate of 1200 and obtain the remainder from overtime? Finish the calculation. image
Snip
1
Vartan Information Technologies has a division called Useless Transistors. It is considering an « overhaul » of Useless Transistors’ operations or moving Useless overseas. Inventory management is receiving considerable attention. Vartan collected data for the years 2014, 2015, and a forecast for 2016. This data is provided below. What would be Useless Transistors’ weeks of supply for 2015? Projected 2014 2015 2016 Sales $127,890,000 $148,900,000 $192,340,000 Beginning Inventory $3,897,234 $5,467,983 $6,183,230 Ending Inventory $5,467,983 $6,183,230 $4,654,129 Cost of Goods Sold $16,876,400 $20,376,548 $22,346,786 Group of answer choices

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