The distribution of daily demand for party cakes at a bakery is shown in the following table: Relative Frequency Demand 0.08 18 0.02 21 0.02 34 0.04 43 0.07 56 0.38 67 0.12 87 0.27 114 Determine the optimal number of cakes to make each day if labour and material are estimated to cost $35.455 per unit. Cakes are sold for $50.65 per unit, and leftover cakes at the end of the day are sold next day at half price. a. 114 b. 67 c. 87 d. 43 e. 56
Q: Wingman Distributing Company is expanding its supply chain to include a new distribution hub in…
A: Material requirements planning (MRP) determines the materials and parts required to make a given…
Q: A fresh food company in Oman is specialized in apples distribution in Uman. Annual sales forecast is…
A: The economic order quantity, or EOQ:It is a calculation created to determine the optimal order…
Q: The Lake Sharkey BBQ Pit serves slow cooked beef brisket by the pound. Based on historical sales…
A: The profit from selling one unit = Selling price- Cost = 23-14=9 Loss from one unit = Cost- salvage…
Q: Demand for jelly doughnuts on Saturdays at Don’s Doughnut Shoppe is shown in the following…
A: Residual cost = Cost per unit- Salvage value per unit =$ 3.20-2.40= $ 0.80 per dozen Cost per sold…
Q: A local canning company sells canned vegetables to a supermarket chain in the Minneapolis area. A…
A: The details are listed below: Average days of labor required to supply vegetables = 0.2 Aggregate…
Q: A landscaping company want to plan for the number of employees it needs to hire for upcoming year.…
A: Find the Given details below: Given details: Year Period Demand 2019 Winter 23 Spring 1000…
Q: The data collected in running a machine, the cost of which is Rs 60,000 are given below: Year 1 2 3…
A: The data collected in running a machine, Year 1 2 3 4 5 Resale Value 42,000 30,000 20,400…
Q: Medaas Electronics is a fictional producer of laser printers. The company's production planner,…
A:
Q: Wingman Distributing Company is expanding its supply chain to include a new distribution hub in…
A: Estimated Expenditure means such aggregate as the Landlord may every now and then indicate similar…
Q: The following graph shows the demand curve for uff, a useful commodity produced on the planet…
A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: The management of Swift Company has determined the aggregated demand schedule in the following…
A: Production planning is the process of organizing and allocating raw materials, workers, and…
Q: Hudson Corporation is considering three options for managing its data processing operation:…
A: Please find the attachment in next step.
Q: Wingman Distributing Company is expanding its supply chain to include a new distribution hub in…
A: Given data: Variable Cost 0.9 Fixed cost 800 Rental cost 1.4
Q: Rhiner Corporation is a manufacturer that uses job-order costing. On January 1, the company's…
A: Solution: a.) Journal Entry: No. General Journal Debit ($) Credit ($) 1. Work in process…
Q: Lake Grove Confectionaries (LGC) sells chocolates for the holiday season in specially designed…
A: THE ANSWER IS AS BELOW:
Q: If the demand probabilities are 0.2, 0.5, and 0.3, which decision alternative will minimize the…
A:
Q: a-1. Determine the optimal number of doughnut holes, in dozens, to stock if labor, materials, and…
A: Given Cost price per dozen = $4.80 Selling price per dozen = $6.40 The leftover doughnut holes at…
Q: ri-County Utilities, Inc., supplies natural gas to customers in a three-county area. The company…
A: To understand the solution to increased demand, first let us understand the actual demand case:
Q: Each Shirt is sold for $15. The holding cost per shirt is 6% of the selling price per quarter. The…
A:
Q: Eastman Publishing Company is considering publishing an electronic textbook about spreadsheet…
A: Given that: Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5 Variable Cost/Book $6 $8…
Q: Mario & Luigi own the Super brother canteen. Mario is in-charge of marketing and is developing his…
A: While doing calculations, decimal value consideration play a key role in the final answer. Here,…
Q: Tri-County Utilities, Inc., supplies natural gas to customers in a three-county area. The company…
A:
Q: North Dakota Electric Company estimates its demand trend line (in millions of kilowatt hours) to…
A: The demand forecast : D = (80 + 0.43Q) x Multiplicative seasonal factor
Q: ABC company is deciding where to assign its summer intern. The manager estimates that the intern can…
A:
Q: Ontario Sweet Shop makes special boxes of Valentine’s Day chocolates. Each costs $15 in material and…
A: Below is the solution:-
Q: The Star Youth Soccer Club helps to support its 20 boys' and girls' teams financially, primarily…
A: Devepolment cost=$8000Referee cost per team =$75Revenue by entry fee per team=$400Investment ro be…
Q: Pastureland Dairy makes cheese, which it sells at local supermarkets. The fixed monthly cost of…
A: Given information Fixed Cost = $4000Variable Costs = $0.21 per poundInitial Selling Price = $0.75…
Q: A fresh food company in Oman is specialized in apples distribution in Oman. Annual sales forecast is…
A: Given data: Annual Demand (D) = 5040 boxes Order Cost (S) = OR 10 Holding Cost (H) = OR 3.5 per…
Q: A fresh food company in Oman is specialized in apples distribution in Oman. Annual sales forecast is…
A: Given data: Annual Demand (D) = 5640 Order Cost (S) = OR 10 Holding Cost (H) = OR 3.5 per year To…
Q: A farmer wants to decide which of the three crops he should plant on his 100-acre farm. The profit…
A: Find the Given details below: Given details: Alternative Rainfall High Medium Low Crop A…
Q: The manager of the Campus Bookstore is buying 'Class of 22' Aggie branded jackets in preparation for…
A: Cost price of jacket (CP) = $ 95 Selling price of jacket (SP) = $ 125 Salvage cost of jacket (SV) =…
Q: A shop is planning an order for a popular Christmas festive season product. Demand for the product…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: Kpogas produces chairs and tables. Using economic forecast for the next month, Kpogas’ marketing…
A: given, Kpogas’s unit contribution margin is GH¢ 5,000 on each chair sold and GH¢ 4,000 on each table…
Q: Determine the inn’s break-even point in (1) number of rented rooms per month and (2) dollars. 1.…
A: THE ANSWER IS AS BELOW:
Q: A firm is considering the replacement of a machine, whose cost price is Rs 12,200 and its scrap…
A: We are given the running cost, R(n), the scrap value S = Rs 200, and the cost of the machine, C = Rs…
Q: Determine optimalproduct mix for masximizing profit for the problems that show in the table below:…
A: Since the total demand and supply are unequal, we need to introduce a dummy to equalize them. The…
Q: Tri-County Utilities, Inc., supplies natural gas to customers in a three-county area. The company…
A: Given information From To Hamilton Butler Clermont Southern Gas 10 20 15…
Q: The distribution of daily demand for rental trucks at a vehicle rental company is shown in the…
A: Given data, Marginal profit (Cost of underage, Cu) = $ 14 /truck The optimal number of trucks = 4…
Q: case for adoption of yield management
A: ‘Yield management’ is one of the key hotel pricing approaches for the hotel sector, involving…
Q: A fresh food company in Oman is specialized in apples distribution in Oman. Annual sales forecast is…
A: Given data: Annual Demand (D) = 4800 Order Cost (S) = OR 50 Holding Cost (H) = OR 3.5 per year For…
Q: Tri-County Utilities, Inc., supplies natural gas to customers in a three-county area. The company…
A: Find Solution using North-West Corner method, also find optimal solution using modi method,…
Q: Tri-County Utilities, Inc., supplies natural gas to customers in a three-county area. The company…
A: Given data: To From Hamilton Butler Clermont Southern Gas 10 20 15 Northern Gas 12 15 18…
Q: Lenka's Fresh Snacks (LFS), the producer of the Lenka Bar, is a granola bar manufacturer based in…
A: The process that includes the raw materials which are transformed into the finished goods is known…
Q: A chef must decide how many chocolate lava cakes to prepare for the upcoming Mother's Day Dinner…
A: Given data, Let's assume P and D be the number of cakes prepared and demanded respectively. D >…
Q: Costs for John Deere manufacturing in the US have increased by 50% over the last three years. John…
A: The top 3 strategy options are: Standardize creation: As we can see that remarkably planned parts…
Q: Anxloge supplies firms with apparel containing their logo to be used for promotional purposes.…
A: Given, IBM HP Dell Mean 7000 6000 5000 Standard Deviation 3000 1000…
Q: Cars are shipped from three distribution centres to five dealers. The shipping cost is based on the…
A: D1 D2 D3 D4 D5 Supply S1 100 150 200 140 35 400 S2 50 70 60 65 80 200 S3 40 90 100 150 130…
Q: 1. Compute the plantwide predetermined overhead rate. 2. During the year, Job 400 was started and…
A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…
The distribution of daily demand for party cakes at a bakery is shown in the following table:
Relative Frequency | Demand |
0.08 | 18 |
0.02 | 21 |
0.02 | 34 |
0.04 | 43 |
0.07 | 56 |
0.38 | 67 |
0.12 | 87 |
0.27 | 114 |
Determine the optimal number of cakes to make each day if labour and material are estimated to cost $35.455 per unit. Cakes are sold for $50.65 per unit, and leftover cakes at the end of the day are sold next day at half price.
a. 114
b. 67
c. 87
d. 43
e. 56
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- 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. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?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?The Tinkan Company produces one-pound cans for the Canadian salmon industry. Each year the salmon spawn during a 24-hour period and must be canned immediately. Tinkan has the following agreement with the salmon industry. The company can deliver as many cans as it chooses. Then the salmon are caught. For each can by which Tinkan falls short of the salmon industrys needs, the company pays the industry a 2 penalty. Cans cost Tinkan 1 to produce and are sold by Tinkan for 2 per can. If any cans are left over, they are returned to Tinkan and the company reimburses the industry 2 for each extra can. These extra cans are put in storage for next year. Each year a can is held in storage, a carrying cost equal to 20% of the cans production cost is incurred. It is well known that the number of salmon harvested during a year is strongly related to the number of salmon harvested the previous year. In fact, using past data, Tinkan estimates that the harvest size in year t, Ht (measured in the number of cans required), is related to the harvest size in the previous year, Ht1, by the equation Ht = Ht1et where et is normally distributed with mean 1.02 and standard deviation 0.10. Tinkan plans to use the following production strategy. For some value of x, it produces enough cans at the beginning of year t to bring its inventory up to x+Ht, where Ht is the predicted harvest size in year t. Then it delivers these cans to the salmon industry. For example, if it uses x = 100,000, the predicted harvest size is 500,000 cans, and 80,000 cans are already in inventory, then Tinkan produces and delivers 520,000 cans. Given that the harvest size for the previous year was 550,000 cans, use simulation to help Tinkan develop a production strategy that maximizes its expected profit over the next 20 years. Assume that the company begins year 1 with an initial inventory of 300,000 cans.
- Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand will grow at 5% a year. If the company builds a plant that can produce x units of Wozac per year, it will cost 16x. Each unit of Wozac is sold for 3. Each unit of Wozac produced incurs a variable production cost of 0.20. It costs 0.40 per year to operate a unit of capacity. Determine how large a Wozac plant the company should build to maximize its expected profit over the next 10 years.At the beginning of each week, a machine is in one of four conditions: 1 = excellent; 2 = good; 3 = average; 4 = bad. The weekly revenue earned by a machine in state 1, 2, 3, or 4 is 100, 90, 50, or 10, respectively. After observing the condition of the machine at the beginning of the week, the company has the option, for a cost of 200, of instantaneously replacing the machine with an excellent machine. The quality of the machine deteriorates over time, as shown in the file P10 41.xlsx. Four maintenance policies are under consideration: Policy 1: Never replace a machine. Policy 2: Immediately replace a bad machine. Policy 3: Immediately replace a bad or average machine. Policy 4: Immediately replace a bad, average, or good machine. Simulate each of these policies for 50 weeks (using at least 250 iterations each) to determine the policy that maximizes expected weekly profit. Assume that the machine at the beginning of week 1 is excellent.for managing its data processing operation: continuing with its own staff, hiring an outside vendor to do the managing (referred to as outsourcing), or using a combination of its own staff and an outside vendor. The cost of the operation depends on future demand. The annual cost of each option (in thousands) depends on demand as follows. DEMAND STAFFING OPTIONS HIGH MEDIUM LOW Own Staff 650 650 600 Outside Vendor 900 600 300 Combination 800 650 500 Based on decision analysis under uncertainty, determine the best decision each of the model. Then compare all the model decision to make it overall conclusion.
- A company has supplied the following data with respect to its three different types of fertilizers: FERTILIZER ANNUAL DEMAND AVERAGE INVENTORY COST PER SACK SACKS SACKS € 10-10-10 30000 5000 18 16-16-16 20000 3000 15 20-10-5 10000 2000 20 Calculate (assuming 50 sales weeks annually): a) the inventory turnover and weeks of supply for each fertilizer b) the average inventory turnover and average weeks of supplyA manager uses this equation to predict demand for landscaping services: Ft= 10 + 5t Over the past eight periods, demand has been as follows: Period, t: 1 Demand: 15 2 21 Period, t Tracking signal 1 2 3 4 5 6 7 8 3 23 30 5 32 6 38 42 Click here for the Excel Data File Compute the tracking signals for Periods 1-8. (Negative values should be indicated by a minus sign. Round your intermediate calculations and final answers to 3 decimal places.) 8 47Demand 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…
- Thinking tools service assembles customized personal computers from generic parts. Formed and operated by part-time Svci students paulette cruz and maureen luis, the company has had steady growth since it started. The company assembles computers mostly at night, using part time students. Paulette and Maureen purchase generic computer parts in volume at a discount from a variety of sources whenever they see a good deal. Thus, they need a good forecast of demand for their computers so that they will know how many parts to purchase and stock. They have compiled demand data for the last 12 months as reported below A. Use exponential smoothing with smoothing parameter a=0.2 to compute the demand forecast for january (period 13) B. Use exponential smoothing with smoothing parameter a=0.5 to compute the demand forecast for january (period 13). C. Paulette believes that there is an upward trend in the demand, the initial forecast is 37 and the trend over this period is 0 units. Use…A shop is planning an order for a popular Christmas festive season product. Demand for the product usually starts from first week of December till first week of January and reduces sharply thereafter. For this reason, and to stimulate sales for leftovers, the product is sold at a significantly reduced price from the second week of January to the fourth week of January. Any leftover after the fourth week of January goes waste. The table below gives past data on total demand for the period from first week of December to first week of January, and from second week of January to fourth week of January, together with their respective chances of occurrence. The product can be purchased at a wholesale price of GHS60 per unit for a pack containing 600 products, GHS57 per unit for a pack containing 800 products, and GHS52 per unit for a pack containing 1000 products. The shop plans to sell the product for GHS80 per unit from first week of December to first week of January, and at a reduced…A shop is planning an order for a popular Christmas festive season product. Demand for the product usually starts from first week of December till first week of January and reduces sharply thereafter. For this reason, and to stimulate sales for leftovers, the product is sold at a significantly reduced price from the second week of January to the fourth week of January. Any leftover after the fourth week of January goes waste. The table below gives past data on total demand for the period from first week of December to first week of January, and from second week of January to fourth week of January, together with their respective chances of occurrence. The product can be purchased at a wholesale price of GHS60 per unit for a pack containing 600 products, GHS57 per unit for a pack containing 800 products, and GHS52 per unit for a pack containing 1000 products. The shop plans to sell the product for GHS80 per unit from first week of December to first week of January, and at a reduced…