A firm needs 150 units of a component, and it uses lot-size ordering to order the component. The lot size is 70 units. Then, how many units will the firm order? 140 150 210 200
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- The end product J is made from components K, L, and M. K is made from N and O. O is made from P and Q. What is the gross requirement for Q if the company plans to build 10 of its J model? Assume that there are no beginning inventories. 60 360 10 120 30Patagania Company reports that its average delivery cycle time is 20.0 days; its average throughput time is 7.5 days; its manufacturing cycle efficiency is 0.32; its average move time is 0.2 day; and its average queue time is 4.0 days: a. What is the wait time? b. What is the process time? c. What is the inspection time? Answer with complete set solution plsThe Martin-Beck Company operates a plant in St. Louis with an annual capacity of 30,000 units. Product is shipped to regional distribution centers located in Boston, Atlanta, and Houston. Because of an anticipated increase in demand, Martin-Beck plans to increase capacity by constructing a new plant in one or more of the following cities: Detroit, Toledo, Denver, or Kansas City. The estimated annual fixed cost and the annual capacity for the four proposed plants are as follows: Proposed Plant Detroit Toledo Denver Kansas City $175,000 Annual Fixed Cost Annual Capacity 40,000 $300,000 $375,000 $500,000 10,000 20,000 30,000 The company's long-range planning group developed forecasts of the anticipated annual demand at the distribution centers as follows: Distribution Center Annual Demand Boston 30,000 Atlanta 20,000 Houston 20,000
- SanaMolp management reports that its average delivery cycle time is 20.0 days; its average throughput time is 7.5 days; its manufacturing cycle efficiency is 0.32; its average move time is 0.2 day; and its average queue time is 4.0 days: a. What is the wait time? b. What is the process time? c. What is the inspection time? Answer with solution plsIf Toyota Motor Company receives an order on May 1, begins production on May 19, and ships the order on May 24 immediately following production, then what is the manufacturing cycle efficiency (MCE) ratio? (Enter your answer as a whole number.) Manufacturing cycle efficiency (MCE)atio %11. There are two logistics network systems. Company JYZ is currently applying system 1 for the distribution and warehousing of its raw materials. In system 1, the raw materials are shipped from suppliers to the warehouse, where sorting is implemented. The materials are then shipped from the warehouse to the customers. JYZ is now thinking of implementing system 2, where raw materials are shipped from suppliers directly to the customers. The costs of both systems are provided below (per quarter). The cost formula is y=a+x(b₁ + b₂ + b3), where b₁,b2b3 are the unit cost for handling, logistics, and sorting. System 1 System 2 Fixed cost $2000 Variable cost Variable cost Variable cost (handling per unit) (logistics per unit) (Sorting per unit) $0.02 $0.01 $0.03 $0.01 $0.01 $0.05 y = a + b(x1+x2+x3) a. What is the breakeven point for the two systems to have identical total cost? b. The total number of units of JYZ is 90,000. Given the total unit 90,000, do you think it will be worth it if…
- Maverick Inc, Is deciding on which supplier to choose for one of Its components, Suppliers have similar quallty but varying costs when It comes to ordering costs, commissions, and variable costs per unit. Maverick is equally Wikely to order 1000, 1200, 1400, or 1600 components this year, Orders come in a size of 100 components per order, so there will be multiple orders each year. Commissions are charged on the total purchase cost (i.e., order cost + varlable costs). Maverick has narrowed the choices to four possible suppliers with the following cost information: Cost per order $100.0 $125.0 $T10.0 $105.0 Cost per unit Commissions $10.00 $9.00 $7.00 $8.00 Witmore Ltd, Locke Ltd. 2.0% 2.0% 3.0% 2.5% Shepherd Ltd. Bushel Inc. Below is an incomplete payoff table: Units Ordered 1,600 $17,952.00 1,200 1,000 1,400 D. Supplier Witmore Ltd. $13,464.00 $14,637.00 $11,680.20 Locke Ltd. $10,455.00 F $10,011.60 $11,131.50 G. Shepherd Ltd. Bushel Inc. $9,276.25 $14,842.00 In the box below, enter…Onawa Ltd manufactures a top-selling electronic spreadsheet product called Cell 123. Onawa is aboutto release version 8. It divides its customers into 2 groups: new customers and upgrade customers(those who previously purchased Cell 123, version 7 or earlier versions). Although the same physicalproduct is provided to each customer group, sizeable differences exist in selling prices and variablemarketing costs New customers Upgrade customers N$ N$ Selling price 210 120 Variable costs: Manufacturing (25) (25) Marketing (65) (15) The fixed costs of Cell 8 are N514 000 000. The planned ratio of new customers to upgrade customers isexpected to be 6:4 respectively requirement:a) Calculate Onawa Ltd individual break-even point both in units and sales revenue, assuming thatthe customers will come as planned.b) Ifthe planned sales mix is attained, calculate the operating income when 200 000 units are sold.c) The CVP analysis as any management tool has some limitations.…You have been approached by potential client who could bring you considerable business. She says, I would like to find an alternative vendor for future orders of 5,000 /y., but their pricing must be competitive. Your CFO has supplied you with the following information. Current product standards costs are as follows. . Selling price per unit . $5,000 . $1,400/ unit direct material . $400/ unit variable labor . $200/ unit variable overhead . $200/ unit fixed overhead (this figure is the results of the budgted fixed overhead $2,000,000 and budgeted sales volume of 10,000 units . Income tax rate =40% The board of directors has requested a though presentation to determine whether taking on this potential customer si good idea. Assume that your factor ia fully operational and that you will not have any learning curve impacts. In your presentation, answer the following question from the board using the data from the CFO. 1. What is meant by cost variance? 2. What is an effective way to…
- The KMP Metal Machining Company produces widgets according to customer order. The company has determined that widgets can be produced on three different machine tools: M1, M2, or M3. An analysis of widget production cost reveals the following data: Solve, a. Using a graphical approach, determine the most economical machine tool to use for all order sizes between 1 and 200 units. In other words, determine the subranges within the overall range of 1 to 200 for which each machine tool is preferred. b. Using an algebraic approach, determine the most economical machine tool to use for all order sizes between 1 and 200 units. c. For an order of size 75, which machine tool should be used to produce the order, and what is the total production cost? d. For an order of size 160, assume that the preferred (most economical) machine is unavailable. What penalty (expressed in dollars of additional production cost) must be paid if the second most economical machine is used? The third?If the plant manager uses the average cost per unit to predict total costs, what would the forecast be for 1,900 mailboxes? 5. If the plant manager uses the cost equation to predict total costs, what would the forecast be for 1,900 mailboxes? 6. What is the dollar difference between your answers to questions 4 and 5? Which approach to forecasting costs is appropriate? Why?The process-control division expects to sell 1,250 process-control units this year. From the viewpoint of Sierra Inc. as a whole, should 1,250 Xcel-chips be transferred to the process-control division to replace circuit boards? Show your computations.
