The following are data of materials inventory for the year 2020 of Mars Corp: Number of pounds required annually 144.000 Cost of placing an order P180 Annual carrying cost per pound of materials P36 What is the E00?
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A: THE ANSWER IS AS BELOW:
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- Parker Hi-Fi Systems, located in Wellesley, Massachusetts, a Boston suburb,assembles and sells the very finest home theater systems. The systems are assembled withcomponents from the best manufacturers worldwide. Although most of the components areprocured from wholesalers on the East Coast, some critical items, such as LCD screens, comedirectly from their manufacturer. For instance, the LCD screens are shipped via air from Foxy,Ltd., in Taiwan, to Boston’s Logan airport, and the top-of-the-line speakers are purchased fromthe world-renowned U.S. manufacturer Boss. Parker’s purchasing agent, Raktim Pal, submits anorder release for LCD screens once every 4 weeks. The company’s annual requirements total 500units (2 per working day), and Parker’s per unit cost is $1,500. (Because of Parker’s relativelylow volume and the quality focus—rather than volume focus— of many of Parker’s suppliers,Parker is seldom able to obtain quantity discounts.) Because Foxy promises delivery within 1week…State the types of data that would be carried in the bill-of-materials i le and the inventoryrecord file.Operations Manager of PT Radio Gaga is calculating production costsa telecommunication radio taking into account the following needs:i. Week 1 : 20 unitsii. Week 2 : 36 unitsiii. Week 3 : 46 unitsiv. Week 4 : 45 unitsv. Week 5 : 20 unitsvi. Week 6 : 26 unitsIt is known that there is inventory from the previous week as many as 20 units. Assuming 52week per year, lead time booking for 1 week, setup cost of $40 andholding cost of $0.75 per week, you are required to assist the Operations Manager of PTRadio Gaga to calculate the estimated production cost as follows: a. Calculate EoQ b. Create a 6-week MRP Lot Sizing Table with EoQ method c. Calculate Total Production Cost using EoQ method d. Create a 6-week MRP Lot Sizing Table using the Lot methodfor Lot e. Calculate Total Production cost by using Lot for Lot methodF. Which method will PT Radio Gaga's Operations Manager take?
- Jean-Ma rie Bourjolly's restau rant has the followinginventory items that it orders on a weekly basis: a) Which is the most expensive item, using annual dollar volume?b) Which are C items?c) What is the annual dollar volume for all 20 items?Describe what are just in time inventory pros and cons for a business?Santos Company buys 500 boxes of items A-1 every two months. Order costs are P380per order. Carrying cost are P1 per unit , and vary directly with inventory investment.Currently the company purchases the item for P5 each. a. What is the order –size decision the company should make, if the supplier give a 5%discount for order sizez of P3,000 units?
- Flora's Fabulous Fontains top product is its Model A. Flora is preparing for her busy season and is building 1,800 Model A fountains. Calculate the gross requirements for each component assuming that there is no beginning inventory. Use the following information: Component Immediate Parent Usage per Parent A none - B A 2 C A 1 D A 3 E A 2 F B 4 G B 2 H D 4 I D 2 J E 1 K E 6 L E 2 M F 3 N F 5 O H 2 P K 1 Q K 2 Put the answers down into the table: (If answer is zero, please enter 0, do not leave any fields blank) Component Gross Requirement A enter the gross requirement B enter the gross requirement C enter the gross requirement D enter the gross requirement E enter the gross requirement F enter the gross requirement G enter the gross requirement H enter the gross requirement I enter the gross requirement J enter the gross requirement…Develop a EOQ solution and calculate total relevant costs for the gross requirements in the following table*. Period 1 2 3 4 5 6 7 8 9 10 11 12 Gross requirements 20 30 30 30 20 10 40 60 *Holding cost =$ 2.50/unit/week; setup cost =$ 150; lead time =1 week; beginning inventory =40. What is the average demand per week? with 2 decimal places): Calculate Economic Order Quantity (EOQ) Develop a EOQ solution (enter your responses as whole numbers). Period 1 2 3 4 5 6 7 8 9 10 11 12 Gross requirements 20 30 30 30 20 10 40 60 Scheduled receipt…Over the past 12 months, Super Toy Mart has experienced a demand variance of I 0,000 units and has produced an order variance of 12,000 units.a) What is the bullwhip measure for Super Toy Mart?b) If Super Toy Mart had made a perfect fo recast of demandover the past 12 months and had decided to order 1/ 12 of thatannual demand each month, what would its bullwhip measurehave been?
- Heather Adams, production manager for a Colorado exercise equipment manufacturer, needs to schedule an order for 50 UltimaSteppers, which are to be shipped in week 9. Subscripts indicate quantity required for each parent. Assumelot-for-lot ordering. c) Develop a net material requirements plan for F (enter your responses as whole numbers). Week Lead Time Item 2 3 4 5 6 7 8 9 (weeks) F Gross req Insert answer insert answer 2 On hand insert answer insert answer Net req insert answer insert answer Order receipt insert answer insert answer Order release insert answer insert answerFlora is preparing for her busy season and is building 2500 Model A fountains. Calculate the gross requirements for each component assuming that there is no beginning inventory. Component Immediate Parent Usage per Parent Lead Time (weeks) Beginning Inventory A none — 1 0 B A 2 2 250 C A 1 6 500 D A 3 3 750 E A 2 2 750 F B 4 2 3000 G B 2 4 1000 H D 3 2 5000 I D 2 4 5000 J E 1 8 1000 K E 5 1 5000 L E 2 4 2500 M F 3 3 250 N F 6 3 2560 O H 2 4 0 P K 1 2 500 Q K 2 3 1000Mr. Waleed is running furniture manufacturing business. He required raw material on regular basis.He uses the best suitable methods of purchasing of material.He tried to used preparation of inventor budgets, perpetual inventory system, just-in- time, ABC analysis but none of the above suited to his business.Once he had to stop his production, when he was using Just-In- Time purchasing method. One day Mr.Waleed explain all the cost details to his cost accountant as follows: The normal usage was 50 Units.In case of low demand his minimum usage was only 25 units. During high demand time Mr. Waleed used to purchase 75 units.Mainly he required two types of raw material like Material 1 and Material 2, His reorder quantity for Martial 1 was 300 Units & For Material 2 was 500 Units.His cost accountant told him that they need 40 Units as average. Mr. Waleed was very good at planning, but in case of emergency he used to wait 1 day for material 1 and 2 days for material 2 to get…