Using the information in the tables above, what is the optimal amount of Polo Shirts (P) and Dress Shirts (D) that QMB Apparel should produce to maximize it's profits?
Q: MGMT Bakehouse Inc supplies bread, cakes and other specialty products, to a large percentage of the…
A: given, There have been complaints that some product lines and/or customers are experiencing high…
Q: Your firm uses a periodic review system for all SKUs classified, using ABC analysis, as B or C…
A: Hence, the EOQ is 1,121 units.
Q: Decide in which periods ordering should take place (you can choose the calculation method).
A: Dynamic order size refers to the practice of adjusting the order size in response to changes in…
Q: A restaurant uses 100 per week or 5,000 quart bottles of ketchup each year. The ketchup costs $3.00…
A: Given:The annual demand is given as 5,000 quart bottles of ketchup, which is D = 5,000. The ordering…
Q: You are running the supply chain for a grocery store operating across Upstate Soun Carolina. You…
A: Inventory management helps in determining the amount of stock that should be ordered and time of…
Q: Identifying true or false: I - Just-in-time purchasing is guided solely by the economic order…
A: Just in time is described as the method of inventory management in which suppliers provide the goods…
Q: The children’s buyer needs to average a 51% markup. He needs to purchase 300 dresses that will…
A: x = cost of the dresses in total 51% is the Markup Price Percentage Selling Price = $28,200
Q: c) Dtee operates a small novelty shop. Each morning she purchases a small quantity of daily…
A: ANSWER : Given that during the past 200 days, demand has been 6, 7, 8, 9, 10. Therefore, the states…
Q: You are the executive chef at a large wedding facility, and a wedding with a confirmed count of 168…
A: Number of confirmed guests = 168 Weight of one Shrimp box = 5 Pound Number of shrimps in 1 pound =…
Q: Which of the following is NOT an objective of sales and operations planning? Establish greater…
A: Sales and operating plannings are made by the firm in order to have regular operations of the…
Q: Your firm uses a periodic review system for all SKUS classified, using ABC analysis, as B or C…
A: Economic order quantity helps in better understanding of procurement of raw material and production…
Q: Consider two products A and B that have identical cost, retail price and demand parameters and the…
A: Given data: Salvage value = 65% for product ASalvage value = 20% for product B Now, on to the next…
Q: A retail outlet sells a seasonal product for $10 per unit. The cost of the product is $8 per unit.…
A: Solution- Note Since you have posted a question with multiple sub-parts, we will solve the first…
Q: Jacqueline Mulvaney makes bespoke corsages. She is about to attend an important show in London. She…
A: Note: - Here the number of deluxe corsages for the favorable market is not given, therefore similar…
Q: Please give fast answer. And give typed answer. I wil give positive rating. Economic Production…
A: Given data: Annual demand(D)= 50,000 units Production per day(P) =600 units Holding cost (H)= $1.00…
Q: The following table contains figures on the monthly volume and unit costs for a random sample of 16…
A:
Q: The grocery store has bulk pecans on sale, which is great since you're planning on making 8 pecan…
A: Buying in bulk can be a great way to save money when cooking or baking for a large event, such as a…
Q: Camille forecasts to sell 575 units of the perfume she is selling by the first week of December. At…
A: It is very clear from the given question that 500 units was sold and out of which 20 units is the…
Q: What is the initial BF solution?
A: In Operations Research, we look for the Solutions of Minimization or Optimization when solving the…
Q: Highlight your recommendation to determine the best ordering quantity to maximize profit
A: We can solve this problem using Python programming. We create a function and iterate it 1000 times,…
Q: Suppose that a large discount retailer with a lot of purchasing power in a supply chain requires…
A: A new information system will reduce the cost of placing orders between the retailers and its…
Q: Pam’s demand for hats is normally distributed with mean 500 and standard deviation 100. She sells…
A: Optimal order quantity is a term used in the business world to describe the number of units that…
Q: Especially for wholesalers and retailers involved in the distribution channels for consumer packaged…
A: Inventory management is the most typical way of executing and controlling an organization's stock or…
Q: Explain what is the definition of a deterministic inventory model ? When is it appropriate to use
A: A cost is the value of dollars spent on producing something or providing a service but it is no…
Q: "Nordlund Boat Company has been repairing, refitting, and building custom boats for over 60 years in…
A: Order release = Every 4 weeks Annual demand = 400 units (2 units per day) Working days = Annual…
Q: Your firm uses a periodic review system for all SKUS classified, using ABC analysis, as B or C…
A: Given information Demand (D) = 15080 units/year Ordering Cost (S) = $125.00/ order Holding Cost (H)…
Q: For one of the quick selling portable smoothie machines (model G), the Long Last Appliance Store…
A: Hi, we are supposed to answer three sub parts at a time. Since you have not mentioned which subpart…
Q: Becky Shelton, a teacher at kemp middle school is in charge of ordering the T-shirts to be sold for…
A: T-shirt cost = $7 Sell = $14 Number of order shirt = 790
Step by step
Solved in 7 steps with 4 images
- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?Demand for stereo headphones and music players for joggers has caused Nina Industries to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nina expects demand for headsets to also expand, because, as yet, no safety laws have been passed to prevent joggers from wearing them. Demand for the players for this year was as follows: MONTH DEMAND (UNITS) January 4,150 February 4,250 March 3,950 April 4,350 May 4,950 June 4,650 July 5,250 August 4,850 September 5,350 October 5,650 November 6,250 December 5,950 a. Using linear regression analysis, what would you estimate demand to be for each month next year? Using a spreadsheet, follow the general format in Exhibit 3.8. (Do not round intermediate calculations. Round your answers to 2 decimal places.) b. To be reasonably confident of meeting demand, Nina decides to use 3 standard errors of estimate for safety. How many additional units should be held to meet this…Demand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nina expects demand for headsets to also expand, because, as yet, no safety laws have been passed to prevent joggers from wearing them. Demand for the players for last year was as follows: MONTH DEMAND (UNITS) January 4,120 February 4,220 March 3,920 April 4,320 May 4,920 June 4,620 July 5,220 August 4,820 September 5,320 October 5,620 November 6,220 December 5,920 a. Using linear regression analysis, what would you estimate demand to be for each month next year? (Do not round intermediate calculations. Round your answers to 2 decimal places.) b. To be reasonably confident of meeting demand, Nina decides to use 3 standard errors of estimate for safety. How many additional units should be held to meet this level of confidence? (Do not round intermediate calculations. Round…
- Demand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nina expects demand for headsets to also expand, because, as yet, no safety laws have been passed to prevent joggers from wearing them. Demand for the players for last year was as follows: MONTH DEMAND (UNITS) January February 4,100 4,200 March 3,900 April 4,300 May 4,900 June 4,600 July 5,200 August 4,800 September 5,300 October 5,600 November 6,200 December 5,900Demand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nina expects demand for headsets to also expand, because yet, no safety laws have been passed to prevent joggers from wearing them. Demand for the players for last year was as follows: MONTH DEMAND (UNITS) January 4,220 February 4,320 March 4,020 April 4,420 May 5,020 June 4,720 July 5,320 August 4,920 September 5,420 October 5,720 November 6,320 December 6,020 Using linear regression analysis, what would you estimate demand to be for each month next year? (Round two decimal places) To be reasonably confident of meeting demand, Nina decides to use 3 standard errors of estimate for safety. How many additional units…Corral Cartage leases trucks to service its shipping contracts. Larger trucks have cheaper operating costs if there is sufficient business, but are more expensive if they are not full. CC has estimates of monthly shipping demand. What comparison method(s) would be appropriate for choosing which trucks to lease? 1.Present Worth(PW) 2.Annual Worth(AW) 3.Payback Period
- Franklin Company makes fine jewelry that it sells to department stores throughout the United States. Franklin is trying to decide which of the two bracelets to manufacture. Cost data pertaining to the two choices follow. Bracelet A Bracelet B Cost of materials per unit Cost of labor per unit Advertising cost per year Annual depreciation on existing equipment %24 30 37 43 43 8,800 6,500 7,700 5,900 Required a. Identify the fixed costs and determine the amount of fixed cost for each product. b. Identify the variable costs and determine the amount of variable cost per unit for each product. c. Identify the avoidable costs and determine the amount of avoidable cost for each product.8b) 7,000 drivers from Barrie drive southbound 5 days a week to see a billboard ad on Highway 400 (You cannot see the billboard going north). If we assume there are 200,000 total people in Barrie, what would the GRP per week for the billboard be for the target market of "the entire city of Barrie"?c. Compute and tabulate the daily demand for each month in the table below (round off to the nearest whole number). MONTH PRODUCTION DAYS DEMAND FORECAST DEMAND PER DAY JAN 2022 16 150 ? FEB 2022 16 150 ? MAR 2022 23 250 ? APR 2022 21 250 ? MAY 2022 22 400 ? JUN 2022 22 500 ? JUL 2022 21 600 ? AUG 2022 20 750 ? SEP 2022 20 450 ? OCT 2022 20 250 ? NOV 2022 16 150 ? DEC 2022 16 150 ? TOTAL ? ? d. Assuming that MPQ Limited had adopted a level strategy for the year ended 31 December 2022, compute the average daily demand for the year (round off to the nearest whole number). e. Prepare a graph showing the monthly forecasts and average daily forecast (in units per day) for MPQ Limited.
- Supply/Demand Info Predicted Sales Regular production Overtime production Subcontract production Ending inventory Hired employees Fired employees Total employees Cost variables are as follows: Cost Variables Labor cost/hour Overtime cost/ton Subcontracting costiton Holding cost ton/month Hiring cost employee Firing cost/employee Beginning Apr May 4,200 531 $20 $32 $25 $10 $3.700 $4.000 Jun 51,500 50.300 61,600 Here is some additional relevant (capacity) information: Capacity Information Total labor hours/ton Regular production tons/employee/month Max regular production (tons/month) Max overtime production (tons/month) Max subcontractor production (tons/month) 3 100 56,700 3,700 6,000 Jul Aug Sep 45,400 56.600 62,800 Given the above information (and don't overlook beginning number of employees and inventory levels in the first table), create a LEVEL production plan with only the use of regular production and no inventory left over at the end of the six-month period. What is the regular…The current data for five trees that will be analyzed in the exercise are shown in the following table Expected Yearly Demand Quantity For Sale In-Field Quantity 440 74 Trees Christmas Palm Washingtonia Gumbo Limbo Yellow Poinciana Weeping Podo 81 165 159 49 185 Trees Christmas Palm Washingtonia Std Dev 31 155 35 32 68 Gumbo Limbo Yellow Poinciana The "expected yearly demand" is an estimate of the demand over the next year for the tree. The "std dev" is the standard deviation, a measure of the error, that corresponds to the forecast. For-sale and in-field quantities are given, and finally the total number of trees planted on the farm. The demand forecast and quantities are updated on an ongoing basis as trees are sold and planted on the farm. 374 70 42 290 Your first task is to evaluate the inventory "position" of each tree. The farm does not keep any backorder information, so the only data you have is "for-sale" and "in-field" quantities. Think about "for-sale" as on-hand trees, and…What would be the impact on profitability of processing Product B further, rather than selling product B at the intermediate stage? O increase in profitability of $24,000 Increase in profitability of $10,000 Decrease in profitability of $5,000 Decrease in profitability of $15,000 None of the above 2nd question solve plz