RVW buys 15 used VW's at each of two car auctions each week held at differentlocations. It then transports the cars to repair shops it contracts with. When they arerestored to RVW's specifications, RVW sells 10 each to three different used car lots.There are various costs associated with the average purchase and transportationprices form each auction to each repair shop. Also, there are transportation costsfrom the repair shops to the used car lots. RVW is concerned with minimizing its totalcost given the costs in the table below.Repair ShopsS1S2Used Car lotsL1L2L3Auction 1500550 500S1250300Auction 2450600450S2350650What is the minimum Cost29000175003200025500

Cost table: Repair Shops s1s2Auction 1 550.0500.0Auction 2…

Answered: RVW buys 15 used VW's at each of two…

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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Valles Galactic Industries (VGI) owns a small company (VGI-Durango Sur) that manufactures various electronic products for original equipment manufacturers. Customer companies provide engineering designs, materials lists, and some unique materials. VGI-DS provides labor and space for the manufacturing and assembly operations and stocking a variety of inventory items for production, such as wire, cables, some electronic components, etc. Thus, VGI-DS orders a variety of components and raw materials by contract. The labor pool is primarily composed of about 100 retirees picking up extra cash by working four to six-hour shifts. Thus, the assembly operations must be simple and easy to teach. Skilled employees must do several raw material conversions for packaging—there are currently three such employees. VGI-DS receives forecasts from VGI headquarters for planned production for two years on a rolling quarterly basis. Staff at VGI-DS develop schedules and inventory plans based on this…
Golf World, Incorporated (GWI) sells products and services for the sport of golf. One of its key business units specializes in the repair and reconditioning of golf carts. GWI enters into contracts with a number of golf clubs throughout the U.S. in which the clubs send their carts to GWI for a complete reconditioning: motor, frame repair where necessary, and replacement of seat covers and canvas tops. The clubs usually will cycle 10–15% of their carts through this process each year. Because GWI's business has been growing steadily, it is very important to complete the reconditioning of the carts within a budgeted time and cost. The firm uses weighted-average process costing to keep track of the costs incurred in the reconditioning process. GWI's golf cart repair and reconditioning unit has the following information for the month of November, in which 1,200 carts were started for reconditioning: Beginning WIP: 150 units, 50% complete for materials ($16,600) and 30% complete for…
Your company offers a weekly consolidation service from Toronto to Frankfort , via Lufthansa Airways. The carrier has given you a 1000 kg (or less) buying rate of CAN $2.27/kg and a plus 1000 kg buying rate of CAN $1.85/kg. You sell this service to clients who ship 700 kg (or less) at a rate of CAN $2.95/kg and for clients who ship in excess of 700 kg at a rate of CAN $2.55/kg. A) Shipper: J&J Company 123 John Street Toronto, ON, Canada, L5R 2N3 Shipment: 140 cartons of books Total weight: 426 kg Dimensions of each carton: 15 cm x 49 cm x 47 cm B) Shipper: R&R Company 432 Avenue Road Toronto, ON, Canada, R2S 1A3 Shipment: 380 cartons of umbrellas Total weight: 700 kg Dimensions of each carton: 39 in x 18 in x 19 in What is the profit on this shipment? full calculation
In this problem, your company is a distributor of products. You serve as an inventorymanager for the regional distribution center (DC) here in the Atlanta area. In this role,you schedule the purchase and shipment of products from various suppliers inbound to theAtlanta DC. Once you receive the products at the DC, they are stored in inventory untilthey are picked, packed, and shipped outbound to your company’s downstream customersin response to orders.For each of your products, you currently use a single, dedicated supplier. Each of yoursuppliers ships their products to you from their facility using trucking services, and theyprovide you with choices of different LTL or truckload trucking carriers depending on yourshipment size.Consider managing inventory now for product 101 produced by Supplier A. Currently,you face demand for product 101 of about 200 units per week. Each unit of product 101has a purchase cost p of $500 and you decide to value your inventory at the slightly higherrate…
In this problem, your company is a distributor of products. You serve as an inventorymanager for the regional distribution center (DC) here in the Atlanta area. In this role,you schedule the purchase and shipment of products from various suppliers inbound to theAtlanta DC. Once you receive the products at the DC, they are stored in inventory untilthey are picked, packed, and shipped outbound to your company’s downstream customersin response to orders.For each of your products, you currently use a single, dedicated supplier. Each of yoursuppliers ships their products to you from their facility using trucking services, and theyprovide you with choices of different LTL or truckload trucking carriers depending on yourshipment size.Consider managing inventory now for product 101 produced by Supplier A. Currently,you face demand for product 101 of about 200 units per week. Each unit of product 101has a purchase cost p of $500 and you decide to value your inventory at the slightly higherrate…
Beeson Co. is experiencing a decrease in sales and operating income for the fiscal year ending December 31st. Julia Faure, controller of Beeson Co., has suggested that all orders received before the end of the fiscal year be shipped by midnight, December 31st even if shipping department must work overtime. Since Beeson Co. ships all merchandise FOB shipping point, it would record all such shipments as sales for the year ending December 31st, thereby offsetting some of the decreases in sales and operating income.Discuss whether Julia Faure is behaving in a professional manner and what are the implications of her actions?
14
Phylis Ltd has the following transactions in respect of its goods during Dec 2015. Opening stock 78 units @ GH¢25 Dec 5 bought 250 units @ GH¢24 Dec 10 sold 175 units @ GH¢95 Dec 11 bought 140 units @ GH¢26 Dec 12 sold 200 units @ GH¢48 Dec 15 paid for printing GH¢7,200 Dec 16 bought 400 units @ GH¢20 Dec 22 sold 140 units @ GH¢85 Dec 22 commission to sales Executives GH¢ 20,000 Dec 23 sold 155 units @ GH¢40 Additional information; 1. The cost of carrying a unit material inwards was agreed at GH¢1.5 2. Out of the general administrative expenses of GH¢15,200 only GH¢3,700 had been paid during December. 3. The goods sold on December 23rd only 20% has been collected by the company as at close of the year-month 4. The outstanding balance of GH¢7,100 was paid on the 20th January 2021 You are required to: a. Write up the stores ledger card using the weighted average method of stock valuation. b. Prepare trading, profit and loss…
Please help me with part b
The Tubular Ride Boogie Board Company has manufacturing plants in Tucson, Arizona and Toronto, Ontario. You have been given the job of coordinating distribution of the latest model, the Gladiator, to outlets in Honolulu and Venice Beach. The Tucson plant, when operating at full capacity, can manufacture 620 Gladiator boards per week, while the Toronto plant, beset by labor disputes, can produce only 410 boards per week. The outlet in Honolulu orders 500 Gladiator boards per week, while Venice Beach orders 530 boards per week. Transportation costs are as follows. Tucson to Honolulu: $10 per board; Tucson to Venice Beach: $5 per board. Toronto to Honolulu: $20 per board; Toronto to Venice Beach: $10 per board. (a) Assuming that you wish to fill all orders and ensure full capacity production at both plants, is it possible to meet a total transportation budget of $9,900? O Yes O No If so, how many Gladiator boards are shipped from each manufacturing plant to each distribution outlet? (If…
7. Maribel is considering installing ice cream stalls on Turtle Beach. The length of the beach is 5 miles long. On average, in a week, there are 1,000 subathers that come to the beach and each value an icecream at $5. Transportation costs are $2.5. Each icecream costs $0.5 to make and there are $40 as a fixed maintenance cost per stall. A )Find the optimal number of stalls for Maribel? B) What is the profit at optimal number of stalls?
Anxlege supplies firms with apparel containing their logo to be used for promotional purposes. Anxlogo has three enterprise customers: IBM, HP, and Dell. During the holiday season, the logos are adorned with a Christmas motif. Demand from each firm for apparel with the Christmas motif is normally distributed, as shown below. IBM HP Dell Мean 7000 6000 5000 Standard Deviation 3000 1000 2000 Anxlogo currently uses a manufacturer in Sri Lanka to produce all the apparel including the logo embroidery in advance of the holiday season. Due to long lead times, there can be only a single order for the holiday season. The manufacturer charges $15 for each unit, which is then sold by Anylego.for $50 to its customers. Any leftover inventory at the end of the holiday season is essentially worthless and cannot be repurposed for a different customer, due to company logo and Christmas motif embroidery. It is thus donated by AnyLego to charity. Holding the apparel in inventory adds another %20 to the…

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