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
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
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 |
|
|
|
|
|
|
|
|
|
|
Step by step
Solved in 3 steps
