Monthly Forecast Monthly Forecast = 11,000 (500/day; 22 work days per month) Manufacturing Management Supplier Weekly Customer Weekly Orders Orders 2,500 Weekly 2,500 Production 500 needed Supervisor each day Weekly Daily Daily Communication Ship 500 2,500 2,000 Component Mounting Machine Assemble Test Package 1 operator 1 operator 2 operators ) 1 operator 1 operator 1,500 3,000 2,000 2,000 6 days 15 seconds 4 days 20 seconds 4 days 5 days 145 seconds 3 days 40 seconds 4 days 20 seconds Non-value-added time per unit = 26 days Value-added time per unit = 140 seconds

Monthly Forecast Monthly Forecast = 11,000 (500/day; 22 work days per month) Manufacturing Management Supplier Weekly Customer Weekly Orders Orders 2,500 Weekly 2,500 Production 500 needed Supervisor each day Weekly Daily Daily Communication Ship 500 2,500 2,000 Component Mounting Machine Assemble Test Package 1 operator 1 operator 2 operators ) 1 operator 1 operator 1,500 3,000 2,000 2,000 6 days 15 seconds 4 days 20 seconds 4 days 5 days 145 seconds 3 days 40 seconds 4 days 20 seconds Non-value-added time per unit = 26 days Value-added time per unit = 140 seconds

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter13: Regression And Forecasting Models

Section: Chapter Questions

Problem 40P: The Baker Company wants to develop a budget to predict how overhead costs vary with activity levels....

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