Use a mixed strategy - level of procuction (Jan-June) and chase demand (July- September witha support of overtime and sub-contracting not more than two workers and no limid for back orders.Jan1000Feb2750March1250April1500May2250June1750July2750August2250Sept2500Current work force10 workersProductionper workerInventory holding costRegular wage rateOvertime wage rateSub-contracting wage rateBack-ordering wage rateHiring costFiring costBeginning inventory250 units per monthS0.50 perunitpermonth$50.00 per unitS60.00 per unit$70.00 per unit$90.00 per unit$500 per workerS800workerper250 unitsMthRegularProductionEndingBackOrderDemandOTS/kWorkersInventoryJFMA.MJJTotalKos (Cost:

Mixed aggregate production plan strtegy is the one which uses a combination of level and chase…

Answered: Use a mixed strategy - level of…

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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Fanning Company and Finch Company both apply overhead to the Work in Process Inventory account using direct labor hours. The following information is available for both companies for the year. Actual manufacturing overhead Actual direct labor hours Underapplied overhead Overapplied overhead) Required Fanning Company Finch Company $ 145,750 $ 261,600 23,000 27,000 10,500 $ 21,000 a. Compute the predetermined overhead rate for each company. b. Using T-accounts, record the entry to close the overapplied or underapplied overhead at the end of the accounting period for each company, assuming the amounts are immaterial.
Discussion Questions 1. The customer order decoupling point was described as the point at which the demand changed from independent to dependent. Describe what this means and why it is important to managers. 2. Provide examples of make-to-stock, assemble-to-order, and make-to-order products. What advantages are there in moving from make-to-stock to assemble- or make-to- order?
QUESTION 20 What are purchased items or extracted materials that will be transformed into components or products called? A. finished goods inventory B. MRO inventory C. raw materials inventory D. distribution inventory E. work-in-process inventory QUESTION 21 Which inventory function exists between the manufacturing plant and the distribution plant? OA. transportation inventory OB. lot-size inventory C. anticipation inventory D. fluctuation inventory E. speculative inventory QUESTION 22 In inventory management, when discussing customer service we mean: OA. whether repair of the product is available. B. whether the product is available regardless if the customer desires it or not. OC. whether the product is available when the customer wants it. OD. whether the customer wants the available product. OE. whether the customer is available when the product is.
Last Year Sales $208,000 $221,000 Cost of goods sold 106,000 116,000 Gross margin 102,000 105,000 Other expenses 49,000 49,000 Net income 53,000 56,000 Finished goods inventory 2,700 5,000 Work-in-process inventory 11,000 8,000 Raw material inventory 5,500 7,000 Total inventory (average for year) 19,200 20,000 Other current assets 93,000 109,000 Other assets 210,000 249,000 Total assets 322,200 378,000 ^THIS YEAR The plant manager, Murat Kristal, at York Technologies makes Aircraft Navigation Systems. He expects you, as the new OM analyst, to provide some insight for performance of the plant. High on his list is an understanding of his inventory…
here its the right answered please just provide me an explanation of how did you get this number with an calculation(24, 33, 33, 18, 10)
Opportunity costs are relevant to which of the following decisions? Whether to accept a special order when capacity is limited Whether to makeor buy a product No Yes No No Yes No Yes Yes
Find MPS start as well
What are the advantages and disadvantages of varying the size of the workforce to meet demand req uirements each period?
a) The average monthly demand requirementequals = ___ units. (whole number) b) The total stockout cost = $____(whole number.) c) The total inventory carrying cost = $____(whole number) d) The total cost, excluding normal time labor costs, is = $____(whole number.)
14. Financial aspects apparently manages the proficient assignment of scant products. Where does shortage fit in the round stream model?
This question is based on the following information pertaining to material Pogi: Usage 50 – 100 lbs. per day Lead time 8 – 12 days Size of the order 600 lbs. No. of days in a year 340 What is the average stock level? A. 1,250 B. 1,200 C. 1,000 D. 9252. What is the maximum stock level? 2,500 2,000 1,400 1,2003. What is the minimum stock level? 450 800 850 1,000 4. What is the re-order level? 1,200 1,600 1,750 1,800
I pt Amy works for an insurance company. Last month, she met with 40 prospects and made 16 sales totaling $52,000. Since she exceeded her monthly sales goal of $25,000, her manager gave her a bonus. What was Amy's conversion rate and her "meeting quota" percentage for the month? O 40%, 48% O 48%, 40% O 48%, 208% O 40%, 208% O 208%, 40% Question 3 DuPont assigned groups comprised of chemists, sales and marketing executives, and regulatory Trowors The product recorded sales of $57 million in its fi

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