To construct: A product structure. Introduction: Product structure: The product structure is a visual representation of the components needed for a product assembly and the sequence at which they must be developed. It will clearly depict the parents and children components at each level.

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Answer 1

Question

Chapter 14, Problem 13P

a)

Summary Introduction

To construct: A product structure.

Introduction:

Product structure:

The product structure is a visual representation of the components needed for a product assembly and the sequence at which they must be developed. It will clearly depict the parents and children components at each level.

b)

Summary Introduction

To construct: A time-phased product structure.

Introduction:

Time-phased product structure:

The time-phased product structure will represent the product and the associated components visually with the details of the time at when each component must begin production. It is done to ensure that all the components are developed on time.

c)

Summary Introduction

To develop: A net requirements plan.

Introduction:

Net requirements plan:

The net requirements plan is the plan which is established on the gross requirements plan formed by deducting the stock on and the scheduled receipts. If the total requirement is below the safety stock levels, a planned order is made based on the given lot sizing technique.

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Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: 12 units at $47 Jan. 11 Aug. 13 20 units at $48 Nov. 30 $564 960 735 Avaliable for sale $2,259 There are 20 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using the (a) first-in, first-out (FIFO) method; (b) last-sout (LIFO) method; and (c) weighted average cost method (round per-unit cost to two decimal places and your final answer to the nearest whole dollar). a First-in, first-out (FIFO) b. Last-in, first-out (LIFO) c. Weighted average cost Inventory Purchase Purchase 15 units at $49 47 units 1,284 X

Describe the advantages of cycle counting over an annualphysical inventory.

Year Cost of Good Sold Beginning Inventory (In Pesos) Ending Inventory (In Pesos) 1 503,425 10,300 12,400 2 643,056 12,400 11,200 3 690,432 11,200 10,670 4 734,509 10,670 11,200 5 758,734 ? 10,987 REQUIRED Determine the inventory turnover for year 5. Determine the number of days the finished goods stay in inventory in Year 1. There was no improvement in inventory turnover in Year 5 compared to Year 1. This statement is not correct. Write YES or NO for the answer

Answer 2

Question

Chapter 14, Problem 13P

a)

Summary Introduction

To construct: A product structure.

Introduction:

Product structure:

The product structure is a visual representation of the components needed for a product assembly and the sequence at which they must be developed. It will clearly depict the parents and children components at each level.

b)

Summary Introduction

To construct: A time-phased product structure.

Introduction:

Time-phased product structure:

The time-phased product structure will represent the product and the associated components visually with the details of the time at when each component must begin production. It is done to ensure that all the components are developed on time.

c)

Summary Introduction

To develop: A net requirements plan.

Introduction:

Net requirements plan:

The net requirements plan is the plan which is established on the gross requirements plan formed by deducting the stock on and the scheduled receipts. If the total requirement is below the safety stock levels, a planned order is made based on the given lot sizing technique.

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Answer 3

Question

Chapter 14, Problem 13P

a)

Summary Introduction

To construct: A product structure.

Introduction:

Product structure:

The product structure is a visual representation of the components needed for a product assembly and the sequence at which they must be developed. It will clearly depict the parents and children components at each level.

b)

Summary Introduction

To construct: A time-phased product structure.

Introduction:

Time-phased product structure:

The time-phased product structure will represent the product and the associated components visually with the details of the time at when each component must begin production. It is done to ensure that all the components are developed on time.

c)

Summary Introduction

To develop: A net requirements plan.

Introduction:

Net requirements plan:

The net requirements plan is the plan which is established on the gross requirements plan formed by deducting the stock on and the scheduled receipts. If the total requirement is below the safety stock levels, a planned order is made based on the given lot sizing technique.

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Answer 4

Question

Chapter 14, Problem 13P

a)

Summary Introduction

To construct: A product structure.

Introduction:

Product structure:

The product structure is a visual representation of the components needed for a product assembly and the sequence at which they must be developed. It will clearly depict the parents and children components at each level.

b)

Summary Introduction

To construct: A time-phased product structure.

Introduction:

Time-phased product structure:

The time-phased product structure will represent the product and the associated components visually with the details of the time at when each component must begin production. It is done to ensure that all the components are developed on time.

c)

Summary Introduction

To develop: A net requirements plan.

Introduction:

Net requirements plan:

The net requirements plan is the plan which is established on the gross requirements plan formed by deducting the stock on and the scheduled receipts. If the total requirement is below the safety stock levels, a planned order is made based on the given lot sizing technique.

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Answer 5

Chapter 14, Problem 13P

a)

Summary Introduction

To construct: A product structure.

Introduction:

Product structure:

The product structure is a visual representation of the components needed for a product assembly and the sequence at which they must be developed. It will clearly depict the parents and children components at each level.

b)

Summary Introduction

To construct: A time-phased product structure.

Introduction:

Time-phased product structure:

The time-phased product structure will represent the product and the associated components visually with the details of the time at when each component must begin production. It is done to ensure that all the components are developed on time.

c)

Summary Introduction

To develop: A net requirements plan.

Introduction:

Net requirements plan:

The net requirements plan is the plan which is established on the gross requirements plan formed by deducting the stock on and the scheduled receipts. If the total requirement is below the safety stock levels, a planned order is made based on the given lot sizing technique.

Answer 6

Chapter 14, Problem 13P

a)

Summary Introduction

To construct: A product structure.

Introduction:

Product structure:

The product structure is a visual representation of the components needed for a product assembly and the sequence at which they must be developed. It will clearly depict the parents and children components at each level.

Answer 7

Chapter 14, Problem 13P

a)

Summary Introduction

To construct: A product structure.

Introduction:

Product structure:

The product structure is a visual representation of the components needed for a product assembly and the sequence at which they must be developed. It will clearly depict the parents and children components at each level.

Answer 8

b)

Summary Introduction

To construct: A time-phased product structure.

Introduction:

Time-phased product structure:

The time-phased product structure will represent the product and the associated components visually with the details of the time at when each component must begin production. It is done to ensure that all the components are developed on time.

Answer 9

b)

Summary Introduction

To construct: A time-phased product structure.

Introduction:

Time-phased product structure:

The time-phased product structure will represent the product and the associated components visually with the details of the time at when each component must begin production. It is done to ensure that all the components are developed on time.

Answer 10

c)

Summary Introduction

To develop: A net requirements plan.

Introduction:

Net requirements plan:

The net requirements plan is the plan which is established on the gross requirements plan formed by deducting the stock on and the scheduled receipts. If the total requirement is below the safety stock levels, a planned order is made based on the given lot sizing technique.

Answer 11

c)

Summary Introduction

To develop: A net requirements plan.

Introduction:

Net requirements plan:

The net requirements plan is the plan which is established on the gross requirements plan formed by deducting the stock on and the scheduled receipts. If the total requirement is below the safety stock levels, a planned order is made based on the given lot sizing technique.

Answer 12

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Answer 13

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Answer 14

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Answer 15

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To construct: A product structure. Introduction: Product structure: The product structure is a visual representation of the components needed for a product assembly and the sequence at which they must be developed. It will clearly depict the parents and children components at each level.

Solution Summary: The author explains how a time-phased product structure depicts the components needed for the product assembly and the sequence at which they must be developed.

Concept explainers

To construct: A product structure.

Introduction:

Product structure:

The product structure is a visual representation of the components needed for a product assembly and the sequence at which they must be developed. It will clearly depict the parents and children components at each level.

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Chapter 14 Solutions