In the following MRP planning schedule for Item J, indicate the correct net requirements, planned-order receipts, and planned-orderrelesses to meet the gross requirements. Lesd time is one week. (Leave the cells blank, whenever zero (0) is required.)WEEK NUMBER2ITEM I145Gross requirenents755e70On- hand40Net requirementsPlanned-order receiptPlanned-order releasePerlod245Grass requirements755070Scheduled receiptsItem: JОН: 40LT: 1SS: 0Q: L4LProjected available balanceNet requirementsPlanned order receiptsPlanned order releases

Given Gross requirement of week 2, 4, 5 is 75, 50, and 70 respectively.

In the following MRP planning schedule for Item J, indicate the correct net requirements, planned-order receipts, and planned-order relesses to meet the gross requirements. Lead time is one week. (Leave the cells blank, whenever zero (0) is required.) WEEK NUMBER ITEM J 1 2 3 4 5 Gross requirements On -hand Net requirements Planned-order receipt Planned-order release 75 58 70 40 Perlod 2 3 Grass requirements 75 50 70 Item: J Scheduled receipts ОН: 40 LT: 1 SS: 0 Q: L4L Projected available balance Net requirements Planned arder receipts Planned arder releases

In the following MRP planning schedule for Item J, indicate the correct net requirements, planned-order receipts, and planned-order relesses to meet the gross requirements. Lead time is one week. (Leave the cells blank, whenever zero (0) is required.) WEEK NUMBER ITEM J 1 2 3 4 5 Gross requirements On -hand Net requirements Planned-order receipt Planned-order release 75 58 70 40 Perlod 2 3 Grass requirements 75 50 70 Item: J Scheduled receipts ОН: 40 LT: 1 SS: 0 Q: L4L Projected available balance Net requirements Planned arder receipts Planned arder releases

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter2: Accounting For Materials

Section: Chapter Questions

Problem 1E: Order Point Pershing, Inc. expects daily usage of 500 lb of material X, an anticipated lead time of...

See similar textbooks

Similar questions

Materials Requirement Planning (MRP) Complete the following MRP table below, note the following: Beginning inventory is 35 Order lot size is 40 Lead time is one week week 1 2 3 4 5 6 7 8 9 10 Gross requirement 35 30 40 0 10 40 30 0 30 55 Schedule receipts Projected on hand (35) Net requirement Planned order receipts Planned order releases
Dohini Manufacturing Company had the following 12 months of data on purchasing cost andnumber of purchase orders. Month Purchasing Cost Number of Purchase OrdersJanuary $18,860 370February 18,065 330March 19,250 370April 18,050 410May 19,345 400June 19,500 450July 19,670 460August 20,940 560September 19,430 440October 20,020 500November 18,800 470December 19,340…
Ohio Logistics manages the logistical activities for firms by matching companies that need products shipped with carriers that can provide the best rates and best service for the companies. Ohio Logistics is very concerned that its carriers deliver their customers material on time, so it carefully monitors the percentage of on-time deliveries. The following table contains a list of the carriers used by Ohio Logistics and the corresponding on-time percentages for the current and previous years. a. Sort the carriers in descending order by their current years percentage of on-time deliveries. Which carrier is providing the best service in the current year? Which carrier is providing the worst service in the current year? b. Calculate the change in percentage of on-time deliveries from the previous to the current year for each carrier. Use Excels conditional formatting to highlight the carriers whose on-time percentage decreased from the previous year to the current year. c. Use Excels conditional formatting tool to create data bars for the change in percentage of on-time deliveries from the previous year to the current year for each carrier calculated in part b. d. Which carriers should Ohio Logistics try to use in the future? Why?
A small hardware store uses a periodic review system to control inventory andcalculate order quantities. Inventory is reviewed every 2 weeks and there is a1-week lead time for delivery. Safety stock is set at 1 week’s supply. The followingtable shows the products and the current on-hand inventory. Calculate the targetlevel and order quantity for each of the items. Use 50 weeks per year for yourcalculations.
You are provided with the following data: inventory - to -sale conversion period = 100days Sale - to - cash conversionperiod = 46 days Purchase - to -payment conversion period30 days What is the operatingcycle?
Given the following information Compute: (A) age of inventory; and (B) operating cycle. (check the attached picture) Choose the bullet with the correct answer (A) 18.5 days and (B) 25.5 days (A) 28.5 days and (B) 35.5 days (A) 28.5 days and (B) 55.5 days (A) 38.5 days and (B) 75.5 days (A) 38.5 days and (B) 95.5 days
The following information relates to Unique Ltd for the year 2020: Annual Demand 408,375 units Annual cost of Holding £1.50 Annual cost of placing an order £ 500 Required:(i) Calculate the EOQ (ii) Calculate the average inventory (iii) Calculate the total annual ordering cost (iv) Calculate the total annual inventory cost (excluding the purchase cost)
McGarvey Manufacturing Company had the following 12 months of data on purchasing cost and number of purchase orders. Month Purchasing Cost Number of PurchaseOrders January $19,250 370 February 18,060 330 March 18,200 340 April 18,050 410 May 19,345 400 June 19,500 450 July 19,670 460 August 21,300 600 September 19,430 440 October 20,020 570 November 18,800 470 December 19,340 480 Required: 1. Determine the high point and the low point. Month with high number of purchase orders _______ Month with low number of purchase orders _______ 2. Calculate the variable rate for purchasing cost based on the number of purchase orders. (Round to the nearest cent.)$_____ per purchase order 3. Calculate the fixed monthly cost of purchasing.$_____ 4. Write the cost formula for the purchasing activity showing the fixed cost and the variable rate. Round variable rate to the nearest cent. Total purchasing cost…
The following information relates to Unique Ltd for the year 2020: Annual Demand 408,375 unitsAnnual cost of Holding £1.50Annual cost of placing an order £ 500 1. Calculate the EOQ 2. Calculate the average inventory 3. Calculate the total annual ordering cost 4. Calculate the total annual inventory cost (excluding the purchase cost)
Perpetual: LIFO and Moving-Average The beginning inventory, purchases, and sales for Myrl Sign Company for the month of April are shown. Date Beginning Inventory and Purchases Sales Units Cost/Unit Units April 1 (BI) 100 $4.10 100 4.70 200 4.80 April 20 400 5.40 April 30 650 BI: Beginning Inventory Required: Calculate the total amount to be assigned to cost of goods sold for April and the ending inventory on April 30, under each of the following methods. In your calculations round the average unit cost to the nearest cent and answers to the nearest dollar. Cost of Goods Sold Inventory on Hand 1. Perpetual LIFO inventory method $fill in the blank 1 $fill in the blank 2 2. Perpetual moving-average inventory method $fill in the blank 3
Question Content Area A company records its inventory purchases at standard cost but also records purchase price variances. The company purchased 5,000 widgets at $8.00 each, and the standard cost for the widgets is $7.60. Which of the following would be included in the journal entry?
The inventory records of TC show the following purchases:Month Units CostJanuary 15,000 190,500February 20,000 240,000March 12,500 165,00A physical count on March 31 shows 22,500 units on hand. What amount of inventory should be reported as of March 31, using FIFO method of costing?a. 120,000 b. 225,000 c. 280,500 d. 285,000