QUESTION 1Manager T. C. Downs of Plum Engines, a producer of lawnmowers and leaf blowers, must develop an aggregate plan given the forecast for enginedemand shown in the table. The department has a regular output capacity of 105 engines per month. Regular output has a cost of $65 per engine. Thebeginning inventory is zero engines. Overtime has a cost of $120 per engine.MonthTotalForecast95100115400Compare the costs to a level plan that uses inventory to absorb fluctuations. Inventory carrying cost is $3 per engine per month. Backlog cost is $100per engine per month. There should not be a backlog in the last month. Set regular production equal to the monthly average of total forecasted demandAssume that using overtime is not an option.(Negative amounts should be indicated by a minus sign. Leave no celis blank - be certain to enter "0" wherever required. Round averageinventory row, Inventory cost row, and Total row values to 1 decimal. Do not write the Dollar sign (S))

Find the Given details below: Month 1 2 3 4 Total Expected Demand 90 95 100 115 400 Output…

Answered: Manager T. C. Downs of Plum Engines, a…

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...

See similar textbooks

Similar questions

Problem 16A: ROLLED DOWN unit forecast for part C is 22, F is 2, I is 254, and L is 3.
Question 1: Kimji Company is engaged in the business of export of garments. In the past, the performance of the company had been up to the expectations. In line with the latest technology, the company decided to upgrade its machinery. For this, the Finance Manager, Abdullah estimated the amount of funds required and the timings. This will help the company in linking the investment and the financing decisions on a continuous basis. Abdullah therefore, began with the preparation of a sales forecast for the next four years. He collected the relevant data about the profit estimates in the coming years. By doing this, he wanted to be sure about the availability of funds from the internal sources of the business. For the remaining funds he is trying to find out alternative sources from outside like loan from bank etc Answer the following question based on the case study in 500-1000 words. a. What is the role of Financial Management and what are the financial decisions Involved in the above…
Day 17 Problem The following data is from Penny’s Purse Company. They budgeted to manufacture and sell 2,000 purses but actually manufactured and sold 1,900 purses. The following data is provided: Price and Variable Costs Per Unit: Standard Actual Sales Price $75.00 $85.00 Direct Materials Cost 8.00 9.00 Direct Labor Cost 12.00 10.00 Expected Fixed Costs in Total: Manufacturing $95,000 $75,000 General, Selling, and Administrative 40,000 45,000 Calculate the flexible budget variances for Penny’s Purse Company and indicate whether each variance is Favorable (F) or Unfavorable (U)
QUESTION 20 The DEF Company is developing an operational plan to move his company into a new building. Mr. DEF plan would be best described as a A. static plan. B. standing plan. C. single-use plan. D. strategic plan.
What is or how would you define operational, economic, technical, and schedule feasibility.
QUESTION 4 a. Explain any two process technologies for materials. b. Discuss any three factors that will help to determine the type of production processused. c. Distinguish between design capacity and effective capacity. Provide a briefexample. d. Why is the capacity decision important? e. A regional bank training center has the physical ability to handle 1,300 participants.However, management personnel believe that only 1,100 participants can be handledeffectively for most training sessions. The last training session, although forecasted tohave 1,000 participants, resulted in the attendance of only 990 participants. Calculatethe utilization and efficiency of the training facility.
1) Specify Louis Vuitton main activities – while highlighting their nature from an operation management perspective for forecasting scheduling 2) Suggest a capacity enhancement factor (how can Louis Vuitton’s capacity be enhanced?
What is CAPACITY REQUIREMENTS FORECASTING?
What are demand forecasting and capacity strategy? Give an example of demand forecasting for a business.
Assignment No. 11(Decision Analysis)Answer 3 c, d
Question The following describes the expenditure cycle for a hypothetical company. The company has a centralized computer system with terminals located in various departments. The terminals are networked to a computer application, and digital accounting records are hosted on a server in the data processing department. Each day, the computer in the data processing center scans the inventory records looking for items that must be replenished. For each item below its reorder point, the system creates a digital purchase order and prints two hard copies. A technician in the data center sends the purchase orders to the purchasing department clerk. Upon receipt of the purchase orders, the purchasing clerk reviews and signs them. He sends Copy 1 to the supplier and files Copy 2 in the purchases department. A few days later, the supplier ships the order and thegoods arrive at the receiving department. The receiving clerk reviews the digital purchase order from his terminal, inspects the…
Question Consider the following transactions occurring during a given fortnight. Remi's wage for his casual job is $600, paid on his bank transaction account (transaction 1); his scholarship allowance for studying is $150, paid on his bank transaction account (transaction 2); he pays a rent of $250 through a bank account transfer (transaction 3); the coupons on his portfolio of bonds pays $70 on his transaction account (transaction 4); he receives $350 in his transaction account for selling shares he had bought at $300 (transaction 5); he buys a TV worth $920 with his debit card (transaction 6). Draw Remi's balance sheet and represent how the six transactions above have affected it. Use one single balance sheet, indicate the value of the variations (sign followed by a number) and use only one name for each item [example: equity name appears only once even if several transactions are under equity] No explanations are required. How much of the funding of the TV comes from…

SEE MORE QUESTIONS

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Business in Action

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

Purchasing and Supply Chain Management

Operations Management

ISBN:

9781285869681

Author:

Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:

Cengage Learning

Production and Operations Analysis, Seventh Editi…

Operations Management

ISBN:

9781478623069

Author:

Steven Nahmias, Tava Lennon Olsen

Publisher:

Waveland Press, Inc.

SEE MORE TEXTBOOKS