OPERATIONS MANAGEMENT IN THE SUPPLY CHAIN: DECISIONS & CASES (Mcgraw-hill Series Operations and Decision Sciences)
7th Edition
ISBN: 9781259326738
Author: SCHROEDER
Publisher: MCG
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Chapter 15, Problem 10DQ
Describe how MRP? concepts could be used for the following service operations:
- a. Hotel
- b. .Legal office
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1. William Beville's computer training school, in Richmond, stocks workbooks with the following characteristics:
Demand D = 19,500 units / year
Ordering cost S = $25 / order
Holding Cost H = $4 / unit / year
a) Calculate the EOQ for the workbooks
b) What are the annual holding costs for the workbooks?
c) What are the annual ordering costs?
2. What is the purpose of the ABC classification system?
3. What is "safety stock"? What does safety stock provide safety against? Explain your answer
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Sammy's Soldier, manufactures paints. Its costing system utilizes two cost categories, direct materials and conversion costs. Each product must pass through Department A and Department B. Direct materials are added at the beginning of production. Conversion costs are allocated evenly throughout production. Data for Department A for February 2017 are: Work in process, beginning inventory, 30% converted.............. 200 units
Units started during February............................................................... 800 units
Work in process, ending inventory..................................................... 240 units
Costs for Department A for February 2017 are:
Work in process, beginning inventory: Direct materials.................................................. $150,000
Conversion costs............................................................................................................................. $210,000
Direct materials costs added during…
Consider the following data collected for Albo's Rentals:
Direct Materials Direct Manufacturing Labor
Cost incurred
Actual inputs x Actual prices $210,000 $95,000
Actual inputs x standard prices 214,000 88,000
Standard inputs allowed for
actual output x standard prices 220,000 85,000
Required: Compute the price and efficiency variances for direct materials:
Question 17Answer
a.
Price $4000 F; Efficiency $10000 U
b.
Price $5000 F; Efficiency $5000 F
c.
Price $4000 F; Efficiency $6000 F
d.
Price $10000 U; Efficiency $4000 F
Chapter 15 Solutions
OPERATIONS MANAGEMENT IN THE SUPPLY CHAIN: DECISIONS & CASES (Mcgraw-hill Series Operations and Decision Sciences)
Ch. 15.7 - Prob. 1OLCh. 15 - Prob. 1DQCh. 15 - Prob. 2DQCh. 15 - With regard to inventory management, discuss the...Ch. 15 - Prob. 4DQCh. 15 - How much safety stock should be carried in a MRP...Ch. 15 - Prob. 6DQCh. 15 - Prob. 7DQCh. 15 - Prob. 8DQCh. 15 - Prob. 9DQ
Ch. 15 - Describe how MRP? concepts could be used for the...Ch. 15 - How are MRP and ERP related?Ch. 15 - The following information is given for a...Ch. 15 - eXcel The Old Hickory Furniture Company...Ch. 15 - Product A consists of subassemblies B and C....Ch. 15 - eXcel The BOM for product A given below Part on...Ch. 15 - The master scheduler in the ABC Widget Company is...Ch. 15 - A firm makes a basic scissors consisting of three...Ch. 15 - Prob. 7PCh. 15 - Prob. 8PCh. 15 - A small toy robot is assembled from sis parts: a...
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