Solution for Material Requirement Planning 2. Use Material Requirement Planning to determine which statement is correct.Week 1 2Deman 300d50Lead Time: 3 weeksCurrent Inventory: 20033542255062507a. The company needs to order 300 in week 1b. Week 1 demand cannot be fulfilledc. The company needs to place an order for 150 in week 1.d. The company needs to order 400 in week 6 to fulfill the week 8 demande. All choices are incorrect8400

Explaining choices a,b,c . 1) Choice a is incorrect. Because: As lead Time is 3 periods Order in…

Answered: 2. Use Material Requirement Planning to…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Production and Materials Purchases Budgets White Corporation’s budget calls for the following sales for next year:Quarter 1 90,000 units Quarter 3 68,000 unitsQuarter 2 76,000 units Quarter 4 96,000 unitsEach unit of the product requires 3 pounds of direct materials. The company’s policy is to begineach quarter with an inventory of product equal to 5% of that quarter’s estimated sales requirementsand an inventory of direct materials equal to 20% of that quarter’s estimated direct materials requirements for production.Required Determine the production and materials purchases budgets for the second quarter.
Semans is a manufacturer that produces bracket assemblies. Demand for bracket assemblies (X) is 125 units. The following is the BOM in indented form: ITEM DESCRIPTION USAGE X Bracket assembly 1 A Wall board 4 B Hanger subassembly 2 D Hanger casting 4 E Ceramic knob 1 C Rivet head screw 3 F Metal tong 4 G Plastic cap 2 Below is a table indicating current inventory levels: Item X A B C D E F G Inventory 22 15 75 24 202 139 1,000 95 What are the Net Requirements for X, A, B, and C respectively?
For a given store, demand in Week 5 is 375, and on-hand inventory at the end of Week 4 is 450. If the manufacturing lead time for this particular item is two weeks, which of the following statements will be true? a. The order release for Week 2 will be 450b. The order release for Week 3 will be 0c. The order release for Week 3 will be 375d. The order release for Week 4 will be 0
Planners for a company that makes several models of skateboards are about to prepare theaggregate plan that will cover six periods. They have assembled the following information.Period 1 2 3 4 5 6 TotalForecast 200 200 300 400 500 200 1,800CostsOutputRegular time = $2 per skateboardOvertime = $3 per skateboardSubcontract = $6 per skateboardInventory = $1 per skateboard per period on average inventoryBack orders = $5 per skateboard per periodThey now want to evaluate a plan that calls for a steady rate of regular-time output,mainly using inventory to absorb the uneven demand but allowing some backlog. Overtimeand subcontracting are not used because they want steady output. They intend to start withzero inventory on hand in the first period. Prepare an aggregate plan and determine its costusing the preceding information. Assume a level output rate of 300 units (skateboards) perperiod with regular time (i.e., 1,800/6 = 300). Note that the planned ending inventory iszero. There are 15…
Barker Company produces and sells a single product with budgeted or standard costs as follows: Inputs Standards Direct materials 10 lbs at $10.00 per pound Direct labor 8 hours at $12.50 per hour Variable factory overhead 8 hours at $20.00 per hour Fixed factory overhead 8 hours at $40.00 per hour Overhead rates are based on 8,000 standard direct labor hours per month, i.e., this is the master budget denominator activity level. Desired ending inventories of materials are based on 10% of the next months materials needed. Desired ending finished goods are based on 5% of next periods budgeted unit sales. Unit Sales are budgeted as follows: January February March April 1,000 1,200 1,600 1,400 The budgeted sales price is $1000 per unit. Sales are budgeted as 80% credit sales and 20% cash sales. Past experience indicates that 60% of credit sales are collected during the month of sale, 38% are collected in the following month, and…
1. Identify the missing TPS basic activity: data collection, data editing, data _________, data manipulation, data storage, and document production. 2. The amount of support for decision making that a TPS directly provides managers and workers is low. True or False? 3. Which of the following is not one of the basic components of a TPS? a. databases b. networks c. procedures d. analytical models 4. A form of TPS where business transactions are accumulated over a period of time and prepared for processing as a single unit is called _____________. 5. Capturing data at its source and recording it accurately in a timely fashion, with minimal manual effort, and in an electronic or digital form that can be directly entered into the computer are the principles behind _________. 6. Which of the following is a set of transaction processing systems sometimes referred to as the “lifeblood of the organization?” a. purchasing systems b. accounting systems c. order processing systems d. none of…
Determine whether the following statements are true or false. Statement T or F 1. Raw material is the material purchased but not processed 2. MRP stands for MATERIAL REQUIREMENT PLANNING. 3. EOQ stands for Environmental Outsourcing Quality 4. For calculating EOQ Model Quantity discounts are not possible 5. A safety stock means that the stock is fully free of danger for people. 6. MRP is usually a computer software.
Market Company’s policy is to have 30% of the next month's sales on hand at the end of the current month. Projected sales for August, September, and October are 26,000 units, 21,000 units, and 31,000 units, respectively. How many units must be purchased in September?
1. RBF, an emerging singer, is getting ready to cut his first album. The cost of recordingthe CD is Php 500,000 but copies are Php 500 apiece. If the album can be sold forPhp1,500 each, (a) how many CDs must be sold to break even? (b)What is thebreakeven point in dollars?RBF is confident that demand for his album will substantially exceed the break-evenpoint computed above. So, Mikey is contemplating having his album at a classier (andpricier) studio. The cost to record the CD would rise to Php 90,000. However, since thisnew studio works with very high volume, production costs would fall to Php 200 per CD.(c) What is the breakeven point for this new process?(d) Compare this process to the process proposed in the pre SHOW COMPLETE SOLUTION.
SIMPLEX METHOD: Min C = 3X1 + 7X2 + 5X3 Subject to: X1 + X2 + X3 > 50 2X1 + 3X2 + X3 > 100 Based on the initial tableau, answer questions no. 1-5 What is the value of X3 on the Cj row? What is the value of S2 on the right-hand side/quantity column? What is the value of Zj on the right-hand side/quantity column? What is the value of X3 on the Cj – Zj row? What is the entering variable?
The below is an extract from the fixed asset register of ABC Ltd as at 31 December 2019Date of PurchaseCostuseful lifeLand1-Jan-306,000,000.000Building28-Feb-172,000,000.0020Vehicle:650,000.00Toyota Hilux1-Oct-19 350,000.005Ford Ranger30-Jun-17 300,000.005Furniture and Fittings1-May-20150,000.002Activities throughout the 2020 Financial Period:1. New Machinery have been purchased on 01 April 2020 at a Cost of N$ 4000,000. The machinery has been installed on the 15 April 2020 and was available for use on the 01 May 2020. Machinery is the only property plant and equipment of the company that is measured according to the revaluation method.1.1. On the 30th of October 2020 management decided to revalue the machinery due to a drastic decline in the revenue from sale of machinery produced inventory.Net replacement cost for the machine as at the 30th of October 2020 is N$2 000 000.2. The Toyota Hilux was involved in an accident on 1 October 2020 due to the floods and was written off by the…
Mrs. Peters needed to raise money to bring her class to the Air and Space Museum in Washington, D.C. With only a few weeks left before the deadline, the class was raising an average of $45 every day from online donations. Mrs. Peters was worried they might not raise the last $1,000 in time. That evening, she posted a story about the class trip on an education website, and the donation rate doubled overnight! The new rate stayed the same for the remaining 3 weeks until the deadline, and they raised more than their goal! How much extra did the class raise?

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