ABC's beginning inventory is $2,000 and its ending inventory is $1,000. The inventory turnover is 6 times. Cost of goods sold for the year must equal: Numeric Response:??????????????????
Q: CWD Manufacturing makes three components for sale to refrigeration companies. The components are pro...
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and...
Q: what Methods are selected and rationale for cost, schedule, technical monitoring for manufacturing e...
A: Electric buses help in improving overall operational efficiency and has brought a significant change...
Q: Q. 4 Evaluate the concept of six sigma approach of total quality management. Discuss the benefits an...
A: The six sigma method is a widely used quality management/improvement tool because companies look to ...
Q: 10.7. Delph Manufacturing Company is going to purchase an auto parts component from one of two compe...
A: The detailed solution is given in preceding steps.
Q: Discuss how to use the low cost strategy, response strategy and differentiation strategies to give a...
A: The term "competitive strategy" relates to gaining competitive advantages against rivals. It denotes...
Q: Write a short notes about system reliability? Subject: Statistical Quality control
A: First let us understand the meaning of the words quality & control. Quality is defined as a feat...
Q: The table below shows the violent crime rate in Canada between 1977 and 2004. a. Enter this data int...
A: Quadratic regression equation is of form ax2+bx+c where a should not be equal to zero.
Q: What is the importance of operations management in business organizations?
A: A Small Introduction about Business Organisation A business substance is an organization that req...
Q: Six jobs are to be processed through a two-step operation. The first operation involves sanding, and...
A: In operations, Johnson's rule is a technique of scheduling jobs in two work centers. Its primary obj...
Q: In the research analysis, what do the scope and delimitations provide?
A: Research methodology is nothing but the particular method or course of actions or techniques used to...
Q: which method is better and by how much
A: Process selection strategy mainly depends on the net profit turnover which identify based on the con...
Q: Problem #2- Brown Manufacturing-Modified, from textbook page #198 If the annual demand is reduced to...
A: Given:Annual demand = 8,000 unitsDaily demand=60 unitsProduction per day= 80 unitsOrdering cost=$120...
Q: A store sells two types of toys, A and B. The store owner pays $8 and $14 for each one unit of toy A...
A: Linear programming is a method to gain the best output such as maximum profit or lower cost in a mat...
Q: Q1. Consider the Betapharm case study share already, and answer the following questions. a. Why Bet...
A: Cost Control and cost reduction are two terms who are interrelated Cost control always focus on decr...
Q: Your start in the pizza business came in the eighth grade when your father opened the Village Pizza ...
A: Potential workers go after a position by sending applications to the association. The application gi...
Q: A tire store orders its stock for a popular winter tire once every year. The cost of a tire for the ...
A:
Q: Explain the two common inventory estimation methods, mentioning key similarities and differences bet...
A: The main common inventory estimation methods are:- First-In, First-Out (FIFO) Last-In, First-Out (...
Q: a) Plot the monthly sales data. b) Forecast January sales using each of the following: i) Naive meth...
A: Forecasting is deciding in advance what your future sales/demand will be based on various methods of...
Q: Describe three Operations Management decisions that are taken at Cutie Barber Salon.
A: Operations management is a described as a field in management that is chiefly concerned with the sup...
Q: ). (a) What is the earliest time that the new product can be introduced to the market? (b) If the co...
A: As per the Bartely guidlines only the first three parts have been answered: For launching the produ...
Q: List and briefly define the five risk-management strategies that are available.
A: Risk can be defined as the chance of loss or an unfavorable outcome associated with an action. Uncer...
Q: The company wants to implement the new project. The following are the activities required to 3. comp...
A:
Q: Explain the types of organizational structures that are involved in project management
A: Project management (PM) organizational structure signifies who has control over a project. The most ...
Q: What are the three types of models in operations management and the importance of them
A: To determine: The three types of models in operations management and the importance of them. Model: ...
Q: what is the importance of human resource management in business operations?
A: Human resources management is a very important part of any organization. Without human resources man...
Q: Given the following demand for waiters and waitressesat S. Ghosh Bar and Gri ll, determine the minim...
A: A day off is a day when any person doeses not do work, even there is usually a working day.
Q: 2. On the same graph, construct another curve using this data. Price $ Quantity 16 48 14 44 12 40 10...
A: The price of a service or goods in a market is controlled by the demand of certain quantities by con...
Q: hen it operates overseas.
A: AKINO SUSHIRO CO., LTD. is primarily a sushi restaurant chain operator established in Japan. On a be...
Q: A local travel agent is planning a charter trip to a major sea resort. The eight days/seven nights p...
A: Given, Tour Plan Price (Rs) Hotel costs (Rs) Meals and Other expenses (Rs) Deluxe 10...
Q: List the disadvantages (min 5 points) of traditional procurement approach and see what are the metho...
A: Traditional procurement refers to an arrangement involving three parties, clients, consultants, and ...
Q: The following gives the number of accidents that occurred on Florida State Highway 101 during the la...
A: Given-
Q: A furniture manufacturer makes two (2) types of furniture-chairs and sofas. The production of the so...
A: Assume that, Number of chairs to be made = X1 Number of sofas to be made = X2 The Objective is to ...
Q: A time-series trend equation is 25.3 + 21x. What is your forecast for period 7? A. 32.3 B. ...
A: Forecasting is the process in which future demand is determined by estimation using previous data or...
Q: Explain the significance of the manufacturing innovation
A: To determine: The significance of the manufacturing innovation. Manufacturing innovation: Manufact...
Q: Max 3x, + lx, + 5x3 + 3x4 s.t. 3x, + lx, + 2x3 2x, + lx, + 3x, + 1x 15 2x2 = 30 I| + 3x, <25 X1, X2,...
A: Objective Function: Max Z = 3x1 + 1x2 + 5x3 + 3x4 Constraints: Subject to 3x1 + 1x2 ...
Q: The Seaboard Shipping Company has a warehouse terminal in Spartanburg. South Carolina. The capacity ...
A: The Multiple-Server Waiting Line- Somewhat more intricate than the single-server lining framework is...
Q: Digital Controls, Inc. (DCI), manufactures tvo models of a radar gun used by police to monitor the s...
A: Range is the imit for which the optimal solution stays same and does not change unless the values go...
Q: 1. A project was planned using PERT with three-time estimates. The expected completion time of the p...
A: Given- Mean (x) = 40 weeks Desired completion time (μ) = 40 weeks Variance (σ2) = 9 weeks
Q: An Alabama lumberyard has four jobs on order, as shown in the fo llowing table. To...
A: Ranking of the job sequence, as per different rules can be determined as follows:
Q: How many units of cabinet should the company produce to maximize the profit
A: Identifying the production combination which maximize the profit indicating the problem development ...
Q: 2. Tom Schriber, a director of personnel of Management Resources, Inc., is in the process of designi...
A: A Project Evaluation and Review Technique (PERT) is a device that projects the board uses to deal wi...
Q: The following five overhaul jobs a re waiting to be processed at Avianic's Engine Repair Inc. These ...
A: Critical ration is computed as: (Due date - today's date) / job duration
Q: Which of the following graphical presentations is not appropriate for numerical data? histogram pi...
A: Histogram is the graphical representation where a group of data are presented into continuous number...
Q: Santura furniture makes study tables. The weekly euro value of its output, including finished goods ...
A: Inputs= € 17,650 Outputs=€ 15,290
Q: eral businesses
A: When an employee or worker does the same task over and over again, a learning curve is created to sh...
Q: Children's art sets are ordered twice each year by KINGSWAY Company and the reorder point, without s...
A: Demand and Lead-Time are called as random variable. The inventory can be divided into two categorie...
Q: Make a precedence Table of the picture below.
A:
Q: A company manufactures paring knives and pocket knives. Each paring knife requires 3 labor-hours, 7 ...
A: Decision variable: Suppose-X represents the no. of pairing knivesY represents the no. of pocket kn...
Q: a-b) One of the possible assignment of tasks to workstations is shown correctly in Fig. 2 . The effi...
A: A project schedule network diagram shows the sequential and analytical connection between tasks in a...
Q: America firms usually contract, with subpublishers to cover more than. one country. For example, it ...
A: given,America firms usually contract, with subpublishers to cover more than. one country. For exampl...
ABC's beginning inventory is $2,000 and its ending inventory is $1,000. The inventory turnover is 6 times. Cost of goods sold for the year must equal:
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- A newsvendor pays $.30 for each paper and sells each paper for $.50. From past data ,it shows the average demand of 90 papers with standard deviation of 10 papers and demand follows the normal distribution. So, how much newspaper should he stock?What are order cycle costs if annual demand is 9,600 units, the order quantity is 2,000 units, and annual order cost is $45? What if the order size changes to 1,000 units or 9,600 units? Round your answers to the nearest cent. If the order quantity is 2,000 units, the order cycle costs are $ . If the order quantity is 1,000 units, the order cycle costs are $ . If the order quantity is 9,600 units, the order cycle costs are $ .A restaurant uses 100 per week or 5,000 quart bottles of ketchup each year. The ketchup costs $3.00 per bottle and is served only in whole bottles because its taste quickly deteriorates. The restaurant figures that it costs $10.00 each time an order is placed, and holding costs are 20 percent of the purchase price. It takes 3 weeks for an order to arrive. The restaurant operates 50 weeks per year. The restaurant would like to use an inventory system that minimizes inventory cost. The restaurant has figured that the most economical order size or EOQ is approx. 409 (rounding up the decimals). Approximately, what is the time between two orders (in terms of weeks) 08 06 04 02 None of the above
- You work for the Brad’s Nailer Company which manufactures three types of nailers: a pneumatic model, the "ProLine", and a cordless model. You have contracted to supply a national retail chain with all three models of nailers. However, Brad’s nailer production capability is limited in three departments: production, testing, and packaging. The goal is to maximize your revenue. Your answer will be the revenue generated (The number of nailers must be a whole number.) Use Scenario 3 Scenario 1 Scenario 2 Scenario 3 Pneum. Sales Price 76 104 148.50 Pneum. Prod Hrs 1.2 0.4 0.25 Pneum. Test Hrs 0.5 0.3 0.4 Pneum. Pkg Hrs 0.2 0.1 0.1 Pneum. Sales 21,000 20,000 18,000 ProLine Sales Price 135 141 190 ProLine Prod Hrs 0.9 0.6 0.5 ProLine Test Hrs 0.8 0.5 0.5 ProLine Pkg Hrs 0.2 0.2 0.3 ProLine Sales 1,500 1,250 5,750 Cordless Sales Price 89 104.50 137 Cordless Prod Hrs 0.45 0.65 0.3 Cordless Test Hrs 0.5 0.4 0.4 Cordless Pkg Hrs 0.3 0.2 0.2 Cordless Sales…The extra inventory we keep just in case the replenishment is delayed is referred to as Group of answer choices a)customer service inventory b)unanticipated excess inventory c)safety stock d) unexplained inventoryA company orders 250 units of a product each time the inventory drops below 175 units. If the average weekly demand is 75 units and the lead time for orders to be delivered is two weeks, how much inventory does the company hold on average? PLEASE SHOW CALCULATIONS/ EXCEL WITH FORMULAS
- Cassie Company manufactures a line of deluxe office fixtures. The annual demand for its miniature oak file is estimated to be 5,000 units. The annual cost of carrying one unit in inventory is P10, and the cost to initiate a production run is P1,000. There are no miniature oak files on hard, and Cassie has scheduled four equal production runs of the miniature oak file for the coming year, the first of which is to be run immediately. Cassie has 250 business days per year. Assume that sales occur uniformly throughout the year and that production is instantaneous. If Cassie does not maintain a safety stock, the estimated total carrying costs for the office fixtures for the coming year based on their current schedule is?The number of production runs per year of the miniature oak files that would minimize the sum of carrying costs and setup costs for the coming year is?This type of problem can be recognized when an order interval is given (e.g.,inventory is ordered every 10 days) along with the demand rate, lead time, and quantity on hand atorder time. A lab orders a number of chemicals from the same supplier every 30 days. Lead time is five days.The assistant manager of the lab must determine how much of one of these chemicals to order. Acheck of stock revealed that eleven 25-milliliter (ml) jars are on hand. Daily usage of the chemical isapproximately normal with a mean of 15.2 ml per day and a standard deviation of 1.6 ml per day. Thedesired service level for this chemical is 95 percent.a. How many jars of the chemical should be ordered?b. What is the average amount of safety stock of the chemical?Imagine you produce baseball caps for local colleges. The selling price is $12/hat regardless of the customer. West Chester University and Millersville University both want hats tomorrow. That leaves you with 24 hours of manufacturing time. You cannot fill both orders in 24 hours. Therefore, you need to choose one. Consider this information: Millersville West Chester Selling price per hat 12 12 Variable Cost per hat 5 6 Production minutes per hat 4 3 Using information from this chapter pertaining to maximizing constrained resources, describe which product you would produce and explain your rationale.
- Vetox sells industrial chemicals. One of their inputs can be purchased in either jugs orbarrels. A jug contains one gallon, while a barrel contains 55 gallons. The price pergallon is the same with either container. Vetox is charged a fixed amount per orderwhether it purchases jugs or barrels. The inventory holding cost per gallon per monthis the same with either jugs or barrels. Vetox chooses an order quantity to minimizeordering and holding costs per year. Would Vetox purchase a greater number of gallonswith each order if it purchased with jugs or with barrels?a. They would order a greater number of gallons with barrels.b. They would order the same number of gallons with either container.c. They would order a greater number of gallons with jugs.d. They might order a greater number of gallons with jugs or with barrels, depending onvarious factors like the demand rate, ordering cost, and holding cost.At sejahtera.com, a large retailer of popular books, demand is constant at 32,000 books per year. The cost of placing an order to replenish stock is $10, and the annual cost of holding is $4 per book. Stock is received five working days after an order has been placed. The backordering is not allowed. Assume 300 working days a year. Please Draw the model to represent the case.Backorders: A company is working on its quarterly aggregate production plan. Its quarter forecasts are 6000, 1000, 2500 and 2000, respectively. Suppose that it will use a level plan with backorders (one that produces at the average demand over the four quarters). What is the ending inventory in Quarter 3? (Do not round your intermediate calculations. Round your final answer to the nearest whole number. Only enter the number. Do not enter any units.)