QUESTION 2A) On the average, a firm has 10 weeks of work-in-process, and annualcost of goods sold is $15 million. Assuming that the company works 50weeks a year:a) What is the dollar value of the work-in-process?b) If the work-in-process could be reduced to 7 weeks and the annual cost ofcarrying inventorv was 20% of the inventory value, what would be theannual saving?B). Warsop Factory sales are $10 million. The company spends $3.5million for purchase of direct materials and $2.5 million for direct labor;overhead is $3.5 million and profit is $500,000. Direct labor and directmaterial vary directly with the cost of goods sold, but overhead does not.The company wants to triple its profit.By how much should the firm increase sales?By how much should the firm decrease material costs?By how much should the firm decrease labor cost?а.b.с.

ANSWER: NOTE: ACCORDING TO BARTLEBY WE HAVE A RIGHT TO ANSWER IF YOU WANT US TO ANSWER ANOTHER ONE…

Answered: QUESTION 2 A) On the average, a firm…

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...

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Question: What level of safety stock should be maintained? Please show the solution. Thank you
question #3 Same problem statement: Weekly demand for DVD-Rs at a retailer is normally distributed with a mean of 1,000 boxes and a standard deviation of 150. Currently, the store places orders to the supplier, with a reorder point of 4,200 boxes. The order quantity to the supplier is fixed at 5,000 boxes. Replenishment lead time is 4 weeks, fixed order cost per order is $100, each box costs the retailer $10, and the inventory holding cost is 25% per year. With a safety stock of 300 boxes, what is the approximate service level (round to two decimals)? Numeric Response 84.13 * f5 10 f6 0 4- ♫+ fg C fil W f12. insert prt sc + 11 Ə ← delete backspace home num lock 4x D end 1:23 PM 11/15/2022 pg up
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Reactions and additional comments: Per the textbook definition, the term bullwhip effect “Describes the distortions in a supply chain caused by changes in customer demand, resulting in large swings in inventory levels as the orders ripple upstream from the retailer to the distributor and manufacturer” (Wallace, 2020, p. 137). The term is derived from physics. When cracking a whip, someone just has to snap their wrist and it causes a wave like effect that increases with a chain reaction. The bullwhip effect is a term that was first used in the 1990s. The makers of Pampers had many changes in order volumes, when usually diapers were bought at a constant rate (The Bullwhip effect : History and solutions, 2021). This caused the company to receive hard hits in demand with each new order from the retailers. For example, during the Covid-19 pandemic, everyone was told to stay home, go to school from home, and work from home. This caused the need for many more computers and electronic…
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