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- Nice-Fit is a (fictional) small business producing outfits for costume parties and specialoccasions. Custom designs can be tailored to a customer’s request. Tom and Ann are theowners of the company and source all the fabric, design the outfits and make the costumesthemselves. Tom and Ann keep spreadsheets with information on the material purchased andcostumes made, but they find it difficult to keep track of their products, raw materials, andsales. The raw materials are supplied from a fabric company in India, and the production takesplace in a manufacturing company in China. The clothing is sold at local weekend markets,sold, or rented through costume hire shops, and sold at their physical store. Tom and Annreceive a small percentage of the sales and rentals of their costumes from the hire shops.They have no information on customers other than those who request custom designsdirectly from them. In 2020, the Covid-19 pandemic had a major impact on global economies,businesses and how we…Please help me solve this table. Rockit Electronics manufactures a line of digital blue ray players. The player is made from one subassembly of B and one subassembly of C. B is made of three units of D and two of E. C is made of two units of F and two of E.The blue ray has a lead time of one week. B, C, and E have lead times of two weeks, and D and F have lead times of three weeks.As the production manager, you need to figure out the MRP planning schedule. 1. What is the bill of materials (product structure tree)?2. If 1,000 units of blue ray players are required in week 10, what is the MRP schedule? Specifically, when items are to be ordered and received. Assume we have no units of inventory on hand.Wormwood, Ltd., produces a variety of furniture products. The planning committee wants to prepare an aggregate plan for the next six months using the following information.Month1 2 3 4 5 6Demand 160 150 160 180 170 140CapacityRegular 150 150 150 150 160 160Overtime 10 10 0 10 10 10Cost Per UnitRegular time $50Overtime 75Subcontract 80Inventory holding, per month 4Subcontracting can handle a maximum of 10 units per month. Beginning inventory is zero.Develop a plan that minimizes total cost. No back orders are allowed. Regular capacity = Regularproduction.
- The below is an extract from the fixed asset register of ABC Ltd as at 31 December 2019Date of PurchaseCostuseful lifeLand1-Jan-306,000,000.000Building28-Feb-172,000,000.0020Vehicle:650,000.00Toyota Hilux1-Oct-19 350,000.005Ford Ranger30-Jun-17 300,000.005Furniture and Fittings1-May-20150,000.002Activities throughout the 2020 Financial Period:1. New Machinery have been purchased on 01 April 2020 at a Cost of N$ 4000,000. The machinery has been installed on the 15 April 2020 and was available for use on the 01 May 2020. Machinery is the only property plant and equipment of the company that is measured according to the revaluation method.1.1. On the 30th of October 2020 management decided to revalue the machinery due to a drastic decline in the revenue from sale of machinery produced inventory.Net replacement cost for the machine as at the 30th of October 2020 is N$2 000 000.2. The Toyota Hilux was involved in an accident on 1 October 2020 due to the floods and was written off by the…Farmers Groceries To You (FGTY) is a fast-growing company started by JMU alumni, which delivers fresh groceries collected in Virginia farms to families in the Shenandoah region. As part of an expansion plan, FGTY is considering approaching the northern Virginia market through printed product lists (PLs) containing deals, coupons and customers testimonies. The initial plan is to send 200,000 PLs to households in Fairfax and Arlington, expecting new customers to place orders. The company estimates to incur a fixed cost of $30,000 associated with design, printing setup and transportation contracting. Beyond this, the average transportation cost per PL is ¢20, while the printing cost per PL is ¢10. Also, FGTY incurs in an average cost of ¢25 for processing each order placed by a customer using the PL’s promotion codes. The expected size of an order is $50, and FGTY’s variable cost per order (mainly product costs labor) is close to 80% of the order’s average. You’ve been hired to help FGTY…Discuss how the aggregate planning model couldbe extended to handle a company that producesseveral products on several types of machines.What information would you need to model thistype of problem?
- Comprehensive Problem 1Part 4 and Part 6: The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refer to the objectives for each chapter covered as a review of the concepts. Note: You must complete parts 1, 2 and 3 before completing parts 4 and 6. Please note that part 5 is optional. Part 4: At the end of May, the following adjustment data were assembled. Analyze and use these data to complete parts (5) and (6). a. Insurance expired during May is $275.b. Supplies on hand on May 31 are $715.c. Depreciation of office equipment for May is $330.d. Accrued receptionist salary on May 31 is $325.e. Rent expired during May is $1,600.f. Unearned fees on May 31 are $3,210. Part 6: Journalize the adjusting entries. Then, post the entries to the attached spreadsheet from part 2. a. Insurance expired during May is $275.Production and Materials Purchases Budgets White Corporation’s budget calls for the following sales for next year:Quarter 1 90,000 units Quarter 3 68,000 unitsQuarter 2 76,000 units Quarter 4 96,000 unitsEach unit of the product requires 3 pounds of direct materials. The company’s policy is to begineach quarter with an inventory of product equal to 5% of that quarter’s estimated sales requirementsand an inventory of direct materials equal to 20% of that quarter’s estimated direct materials requirements for production.Required Determine the production and materials purchases budgets for the second quarter.Item5 Time Remaining 2 hours 52 minutes 12 seconds 02:52:12 eBookReferences Item 5 Time Remaining 2 hours 52 minutes 12 seconds 02:52:12 The production planner for Fine Coffees, Inc. produces two coffee blends: American (A) and British (B). He can only get 300 pounds of Colombian beans per week and 200 pounds of Dominican beans per week. Each pound of American blend coffee requires 12 ounces of Colombian beans and 4 ounces of Dominican beans, while a pound of British blend coffee uses 8 ounces of each type of bean. Profits for the American blend are $2.00 per pound, and profits for the British blend are $1.00 per pound. The goal of Fine Coffees, Inc. is to maximize profits.What is the constraint for Dominican beans? Multiple Choice 12A + 8B ≤ 4,800. 8A + 4B ≤ 3,200. 8A + 12B ≤ 4,800. 4A + 8B ≤ 3,200. 4A + 8B ≤ 4,800.
- Item4 Time Remaining 2 hours 53 minutes 2 seconds 02:53:02 eBookReferences Item 4 Time Remaining 2 hours 53 minutes 2 seconds 02:53:02 The production planner for a private label soft drink maker is planning the production of two soft drinks: root beer (R) and sassafras soda (S). There are at most 12 hours per day of production time and 1,500 gallons per day of carbonated water available. A case of root beer requires 2 minutes of time and 5 gallons of water to produce, while a case of sassafras soda requires 3 minutes of time and 5 gallons of water. Profits for the root beer are $6.00 per case, and profits for the sassafras soda are $4.00 per case. The firm’s goal is to maximize profits. What is the time constraint? rev: 09_21_2020_QC_CS-229783 Multiple Choice 5R + 5S ≤ 720. 3R + 5S ≤ 720. 2R + 5S ≤ 720. 3R + 2S ≤ 720. 2R + 3S ≤ 720.Problem 6 Part A:Available to promise in period 4 = 50Problem 6 Part B:PAB in period 7 = 35 In part A, the only thing that you need to do is to calculate the ATP in periods 1,4,5, and 7. In part B, remember that you are rolling through time. The part B solution spreadsheet starts with time period 2 and period 1 is now history. For the part B, you must capture all of the events that occurred during week 1. For example, I gave you that the beginning PAB is 45. If you had 20 in stock (from part A), you produced 50 as planned in period 1, and the actual demand for period 1 was 25, then the beginning PAB (your stock quantity) is 20+50-25=45. The forecast and MPS quantities will not change from part A to part B. After you accept each of the orders (simply add the new order quantities to the existing customer order quantities in the correct time bucket), you will then recalculate the PAB, and then recalculate the ATP.The lease cost for a specialized highway design software package is estimated to be $13,000 for each of years 1, 2, and 3 (future dollars). (a) Calculate the CV amount today (year 0) of each future cost estimate at the inflation rate of 6% per year. (b) Develop a spreadsheet and graph for inflation rates of 3%, 6%, and 8% per year that show the CV today.