Operations Management
11th Edition
ISBN: 9780132921145
Author: Jay Heizer
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 13, Problem 21P
a)
Summary Introduction
To determine: Aggregate planning for the 6-month period and its costs.
Introduction: The aggregate plan is the output of sales and operations planning. The major concern of aggregate planning is the production time and quantity for the intermediate future. Aggregate planning would encompass a time prospect of approximately 3 to 18 months.
b)
Summary Introduction
To determine: Whether 4 CPAs are required for the firm and if any additional accountants are needed
Introduction: The aggregate plan is the output of sales and operations planning. The major concern of aggregate planning is the production time and quantity for the intermediate future. Aggregate planning would encompass a time prospect of approximately 3 to 18 months.
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
QUESTION TWO
An aggregate plan is to be developed for the forecast of demand covering nine periods shown in
Table below. Other relevant production and cost information is also provided. Find the cost
associated with an aggregate plan that involves varying the size of the work force in order to have a
production rate that matches demand.
Note: Since this plan does not allow for any inventory build-up, a decision has been made to carry 10
units of safety stock, but no overtime or subcontract labour is used.
Table showing Demand, production, and cost information
Month
Jan. Feb. Mar. April May June
July Aug. Sept.
Total
Forecast 40 25
30
60 40
55
30
50
30
360
Production information
Cost information
Current number of workers
Worker time/month
Time to produce one unit
10
Hiring cost
K600/employee
160 hrs
Layoff cost
K500/employee
40 hrs
Regular time cost
K30/hr
Individual worker output
Overtime cost
K45/hr
(160 hr/month/40 hr/unit)
Subcontract labour K50/hr
4 units
cost
Safety stock of…
Required:
A. What are the actual and budgeted selling prices? What are the actual and budgeted variable costs per unit?B. Calculate all the required variances and present the variance analysis report.
Question 3
Chapter 13 Solutions
Operations Management
Ch. 13 - Prob. 1DQCh. 13 - Why are SOP teams typically cross-functional?Ch. 13 - Prob. 3DQCh. 13 - Prob. 4DQCh. 13 - Prob. 5DQCh. 13 - Prob. 6DQCh. 13 - Question: 7. What is level scheduling? What is the...Ch. 13 - Question: 8. Define mixed strategy. Why would a...Ch. 13 - Prob. 9DQCh. 13 - Prob. 10DQ
Ch. 13 - Question: 11. What is the relationship between the...Ch. 13 - Prob. 12DQCh. 13 - Question: 13. What are major limitations of using...Ch. 13 - Prob. 14DQCh. 13 - Question: 13.1 Prepare a graph of the monthly...Ch. 13 - Prob. 2PCh. 13 - The president of Hill Enterprises, Terri Hill,...Ch. 13 - Prob. 4PCh. 13 - Prob. 5PCh. 13 - Prob. 6PCh. 13 - Prob. 7PCh. 13 - Prob. 8PCh. 13 - Prob. 9PCh. 13 - Question: 13.10 The SOP team (see Problem 13.9)...Ch. 13 - Prob. 11PCh. 13 - Prob. 12PCh. 13 - Prob. 13PCh. 13 - Question: 13.14 Jerusalem Medical Ltd., an...Ch. 13 - Prob. 15PCh. 13 - Prob. 16PCh. 13 - Prob. 17PCh. 13 - Question: 13.18 Jose Martinez of El Paso has...Ch. 13 - Prob. 19PCh. 13 - Prob. 20PCh. 13 - Prob. 21PCh. 13 - Prob. 22PCh. 13 - Prob. 1CSCh. 13 - Prob. 2CSCh. 13 - Prob. 1VCCh. 13 - Prob. 2VCCh. 13 - Question: 3. What are some concerns the team needs...
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Similar questions
- QUESTION THREE The forecast for each week of an eight-week schedule is 50 units. The MPS rule is to Prepare a master schedule by completing the table below for the given information: schedule production if the projected on-hand inventory would be negative without it. Customer orders (committed) are as follows: Weeks Forecast 1 2 3 4 Use a production lot size of 75 units and beginning inventory is 55. 3 Week Customer orders (committed) Projected on-hand inventory MPS Available-to-promise inventory (uncommitted) 1 Customer Orders 2 52 35 20 12 4 5 6 7 8arrow_forwardQuestion 3: Table 2A Expected return for asset x (%) 13 Risk free rate (%) 5 Beta of asset X 0.85 Table 2B Expected portfolio return Portfolio beta Proportion of portfolio in Asset X 0.00 0.25 0.50 0.75 1.00 1.25 There are two portfolio choices. Portfolio A comprises of stocks from following companies: Clothing materials, beauty products, footwear and handbags. Portfolio B consists of stocks from following business: crude oil, information technology, food products and electircal goods. From a diversification perspective, which portfolio will be a better investment? Explain your reasoning in no more than 75 words.arrow_forwardPRODUCTION AND OPERATIONS MANAGEMENT Q5LAB 1arrow_forward
- Question 13: A group of final year students would like to start up their business on the campus of the university they are currently studying. They have consulted several owners of on-going business on the campus and have obtained the following information: Activity Description A Prepare Company Profile Immediate Time Estimates Predecessor Optimistic (a) Most Likely (m) Pessimistic (b) 1 4 7 4 B Prepare Proposal Paper CDE Obtain Business License MOF registration A,B A,B Register with Companies Commission Malaysia C,D F Audited Report E G Obtain Tax Payment License H Obtain Business Premises License D E,F,G 1 Briefing H J Interview H K Roundtable Discussion H L Acquire Tender I,J,K M Complete Agreement of renting & Stamping M 22226332HI 1 1 1 1 3544 7552233m 8 006627733 14 N Proceed With Business L 7 14 5452 21 QUESTIONS: (a) Draw the project network. (b) Apply PERT/CPM and provide the information or table on the ES, EF, LS, LF and slack times for all the activities. What are the…arrow_forwardQUESTION FOUR The following information has been extracted from the records of TD Projects Ltd: Statement of Comprehensive Income for the year ended 31 December 2021: R 18 000 Revenue (60 % on credit) 9 000 Cost of revenue (50% on credit) 1400 Depreciation Profit before Interest and Tax 7 600 1 200 Interest paid Taxable profit 6 400 2 089 Taxes (30 %) Net profit after tax 4311 Dividends 1 352 Addition to retained profit 2 959 Statement of Financial Position as at 31 December 2021: 2020 R Non-current assets Plant and equipment 16 968 Current assets Stock 5 740 Debtors. 2 230 Cash 808 8 778 Total assets 25 746 Owners' equity 3 600 Share capital 12 859 16 459 Non-current liabilities Long term loan 6 800 Short term loan 750 7 550 Current liabilities Creditors 1737 Total equity and liabilities 25 746 2021 R 16 200 8 450 3 232 494 12 176 28 376 3 600 15 818 19 418 6 300 800 7 100 1 858 28 376 [25] Required: 4.1. Calculate and comment on each of the following liquidity ratios for 2020 and…arrow_forwardQUESTION 8 The variable to remove from the current basis is O the variable with the biggest positive ratio value. O the variable with the smallest positive ratio value O the variable with the smallest positive cj - zj value. O the variable with the biggest positive cj - zj value.arrow_forward
- Question 3 The Comcel data contains production numbers for 25 employees that participated in a training program. a. Provide a five-number summary b. Follow the method used in class to determine if there are outliers, and how many.arrow_forwardH1.arrow_forwardQUESTION: ACTED intends to conduct an evaluation of its operations to establish whether they are being delivered cost-effectively. Argue the case for and the case against exclusive use of; Internal staff. External consultant. Mix of internal and external consultants To conduct the evaluation.arrow_forward
- PP.51 A small manufacturer of specialty welding equipment has developed a chase production plan for the next four quarters, as seen below: Supply/Demand Info Pre-Q1 Q1 Q2 6,300 6,020 6,300 6,020 Forecast (demand) Regular production Subcontract production Ending inventory Hired employees Fired employees Total employees 49 4 45 2 43 The table below shows additional relevant information: Capacity Information & Cost Variables Production rate (units/employee/quarter) Subcontractor capacity (units/quarter) Regular production cost/unit Holding cost/unit/quarter Hiring cost/employee Firing cost/employee Subcontract cost/unit 140 520 $66 $9 $1,040 $2,300 $103 Q3 5,600 5,600 3 40 Q4 4,900 4,900 5 35 What is the overall total cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total regular production cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total holding cost for this production plan?…arrow_forward185. Subject :- Accountingarrow_forwardQUESTION 5 Hoosier Manufacturing operates a production shop that is designed to have the lowest unit production cost at an output rate of 100 units per hour. In the month of July, the company operated the production line for a total of 175 hours and produced 16,900 units of output. a. What was its capacity utilization rate for the month? b. Now the production shop will produce a new product and need to order the new part. Demand for an item is 1,000 units per year. Each order placed costs $10; the annual cost to carry items in inventory is $2 each. In what quantities should the item be ordered? Selected Answer: OPM FINAL QUESTION 5.xlsx Attach File Browse Local Files QUESTION 6 Browse Content Collection Attach File Remove Bob's Department Store would like to develop an inventory ordering policy with a 95 percent probability of not stocking out. To illustrate your recommended procedure, use as an example the ordering policy for white percale sheets. Demand for white percale sheets is…arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,
Operations ManagementOperations ManagementISBN:9781259667473Author:William J StevensonPublisher:McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi...Operations ManagementISBN:9781259666100Author:F. Robert Jacobs, Richard B ChasePublisher:McGraw-Hill Education
Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage Learning
Production and Operations Analysis, Seventh Editi...Operations ManagementISBN:9781478623069Author:Steven Nahmias, Tava Lennon OlsenPublisher:Waveland Press, Inc.
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,
Operations Management
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
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.