- What is the monthly break-even quantity (QBEP)?
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A: Inventory refers to the raw material that is used in the production of the goods. Inventory is the…
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A: The Master Production Schedule (MPS) is a tool to plan the production on the basis of your demand…
Q: what could be the main source of the inventory mess created by Sandusky.
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Q: Snip
A: Solution The opening inventory of the current month is the closing inventory of the previous month.…
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A: Given data: Cost per box = $4 per box Salvage value per box = $1.50 per box Selling price = $10…
Q: So, what precisely does finished-goods inventory serve?
A: Inventory of goods that have gone through entire process of manufacturing and have been turned into…
Q: 63. Marginal revenue will be negative if elasticity of demand is A. O Less than unity B. O More than…
A: Marginal revenue (MR) is an increase in revenue resulting from the sale of one additional unit of…
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A: Production leveling is the technique for decreasing the batch size and important for the production…
Q: What is the total annual cost?
A: Total demand per week in numbers = 800 Cost for each pair = $54 Expense to place an order, per pair…
Q: The local supermarket buys lettuce each day to ensure really fresh produce. Each morning any lettuce…
A: Given information:Price of lettuce (P) = $11 per boxSelling Price of lettuce (SP) = $25 per…
Q: Explain what are the advantages of inventory control?
A: Inventory control benefits include the ability to maintain a minimum and maximum level of inventory…
Q: Explain what is aggregate inventory management and what it is concerned with
A: Inventory is a collection of materials used to make and sell products on the market for a profit. It…
Q: Demand for The Secret Loves of John O, a romance novel by Margó Dufón that flopped after two weeks…
A: Price = p Cost = 3q Quantity q = -2p2+6p+8
Q: Junior dresses had an opening inventory of $36,000 at retail. Net sales for the period were $12,389.…
A: ANSWER IS AS FOLLOWS:
Q: Waleed Pharmacy, Oman applies the basic EOQ model, if the demand is 6,000 units per year, ordering…
A: Economic Order Quantity (EOQ) will be formulated as per following: EOQ = Square root (2 x Co x D/…
Q: Explain what are just in time inventory pros and cons for a business?
A: Inventory refers to the storage, products, and resources that a business has on hand for resale in…
Q: Differences between Fixed–Order Quantity and Fixed–Time Period?
A: Inventory Control System The inventory control system is responsible for the ordering and receipt of…
Q: PART 2: Linking Table Practice Create a linking table between Sales Order and Inventory. As it is…
A: Sales order to Inventory relationship is a one way relationship between the two. Market demand is…
Q: How may quantity vary and time remain fixed in case of continuous inventory review system?
A: What is Continuous Review System A system where the stock level of every item is determined each…
Q: Which product represent cash caw, question mark, dog and star in mtn products
A: MTN is the telecommunications giant which is headquartered in Johannesburg. It is a multi-national…
Q: Demand for chicken soup at a supermarket is always 25 cases a day and the lead time is always 4…
A: Given, Demand is 25 cases per day Lead time is 4 days On hand inventory is 10 cases There is One…
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A: Inventory management can be stated as the systematic process of sourcing, stocking or storing, and…
Q: William Beville's computer training school, in Richmond, stocks workbooks with the following…
A: Formula:
Q: The local supermarket buys lettuce each day to ensure fresh produce. Each morning any lettuce that…
A: Demand is the total quantity of products and services for which the customers are ready to purchase…
Q: What is lot sizing, what is its goal, and why is it an issue with lumpy demand?
A: Lot sizing is used to aggregate the net requirements into batches which reduces cost and increases…
Q: Explain how would MPS schedule adjusted when safety stocks requirements are given
A: A master schedule of production (Msp) appears to be a technique to manage your output according to…
Q: Describe the link between inventory levels and production schedule?
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Q: A manufacturing company operates 300 days a year with an annual demand for component C of 43,200…
A: ANSWER IS AS BELOW:
Q: Given the forecast and booked orders shown in the table, and a beginning inventory of 0, what is the…
A: Find the Given Details below: Given Details Period 1 2 3 4 Forecasted Demand 100 100 90 90…
Q: You have the data on the application during the 6 consecutive years below Requirement / Find the…
A: The simple moving average is the average of the latest figures for the given time period in the…
Q: What is the level total Production Rate? Answer units (b) What is the maximum quantity…
A: For a level plan the production level is kept constant. Here, since the cost of reuglar production…
Q: Inventory is not a property that is acquired for the purpose of resale in a business activity.
A: Inventory is a kind of asset that is bought and sold in the normal course of business. It's possible…
Q: 1) Assume that you are a manager of one of the hotels in the UAE. As you know, UAE has an excellent…
A: 1) Demand for room in Hotels increases in UAE in a specific period of time and then decreases once…
Q: Which one of the following represent FIFO method of inventory evaluation? a. Old items remain in…
A: The Random Service method- In this method, the elements or customers to be processed first are…
Q: Barangay Punta Princesa is trying to decide between two alternative order plans for its inventory of…
A: EOQ is the economic order quantity that a company need to purchase so that its inventory cost will…
Q: Explain the two common inventory estimation methods, mentioning key similarities and differences…
A: Inventory estimation refers to the method of determining the value of unsold inventory. Inventory…
Q: at is the economic order quantity?
A: EOQ= Square root of 2DS/H
Q: Explain how are inventory levels monitored in retail stores
A: All commodities and resources utilized or sold to the public by a firm are referred to as inventory…
Q: Where possible, the inventory costing method shouldmimic actual product flows.” Do you agree?…
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Q: The local supermarket buys lettuce each day to ensure really fresh produce. Each morning, any…
A:
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- Two competitors have the cost structure shown below. Which of the following statements are true Firm A Firm B Product 1 Units 500 200 Total costs (P1) $50,000 $18,000 Product 2 Units 500 1200 Total costs (P2) $100,000 $144,000 Total costs (P1 + P2) $150,000 $162,000 A. Firm A should lower its price on Product 2 B. Firm B is the low-cost producer. C. Firm B should lower its price on Product 1 and Product 2 D. Firm A is the low-cost producer E. Both A and B are trueFor a product of your choice, describe and explain the following A one or two sentence description of your chosen product: What type of demand does this firm face (dependent / independent) for this product, and why? Should the firm use the push / pull method for the production of this product, and why? Does the concept of yield management apply to this product? How? If not, why not? For a specific component / raw material necessary to produce / "create this"product, should the firm use a single-period or a multi-period inventory order model, and why? For each type of inventory (raw material inventory, work-in-process inventory, and finished goods inventory), should the firm carry any safety stock? Why? a. Product Description b. Dependent / Independent Demand c. Push / Pull d. Yield Management e. Single-period / Multi-period f. Safety Stock- Raw Material Safety Stock - Work-in-Process Safety Stock - Finished GoodsAggregate demand for a product family is given in the table below for the 4 quarters of 2021. Production cost on regular time is $3 per unit. The inventory cost is $1 per unit per quarter. Demand that cannot be met is a lost sale and accounted for at $9 per unit. When necessary, up to 100 units can be subcontracted at a cost of $5 per unit. Labor fluctuation costs are accounted for by costs of changes in production level: each unit of increase in production is accounted for at $2 per unit of increase and $1 per unit of decrease. The aggregate planning technique being considered is level production. That is, the production level is the same for each quarter. Compute the total annual cost of meeting demand for 2021. (Determine the number of units to produce in each month for level production (Total demand - initial inventory)/4. Then for each month, compute the number of units to be subcontracted, the inventory, and the lost sales). Report as a whole number with no commas.…
- Joel is the RM for the City Center Plaza hotel. He knows that under his franchise agreement, he pays an 8 percent franchise fee and 3 percent marketing fee on all revenue generated from room sales. Additional fees for using the hotel’s CRS are $2.00 per each room reserved. Internet service provider (IDS) related charges paid by the hotel for rooms sold through Internet sites including uberhothotels.com are $10.00 per room sold. Given this information, help Joel complete the revenue estimate worksheet presented below. Net ADR Yield Estimate Worksheet: City Center Plaza Distribution Channel Group rooms Third-party merchant Rooms sold 80 100 Standard rate $185 $160 Gross revenue Franchise fee (8%) Franchise marketing fee (3%) Franchisor's CRS fee ($2 per room) IDS fee Net total revenue Net ADR yieldEdwards Machine Tools needs to purchase a new machine. The basic model is slower but costs less, while the advanced model is faster but costs more. Profitability will depend on future demand. The following table presents an estimate of profits over the next three years. Decision Low Medium High Basic Model $65,000 $85,000 $125,000 Advanced Model $70,000 $140,000 $240,000 Given the uncertainty associated with the demand volume and no other information to work with, how would you make a decision? Use the Excel template Decision Analysis and explain your reasoning.Suppose that new uses are discovered for corn. Assume that nothing else haschanged. What do you expect to happen to the price of soybeans. Explain with a supply and demand diagram for soybeans. For a bonus point, what is the real-world basis for this question?
- The Larkspur Furniture Company needs a new grinder. Compute the present worth for these mutually exclusive alternatives and identify which you would recommend given i = 6% per year and using a 10 year planning horizon. How is this best solved using EUAW?The selling price per box for Cynthia's Cookies is $19.86. Fixed costs are $60,000 and the variable cost per box is $10.19. What is the break-even quantity? Round your answer to the nearest whole number. boxes If sales last year were 8,000 boxes, what was the net profit? Round your answer to the nearest dollar. $Evaluate the firm’s short-term solvency for 2008 by computing: a. Working Capital b. Current Ratio c. Acid-test/Quick Ratio
- Make vs. Buy; Strategy Martens Inc. manufactures a variety of electronic products. It specializes in commercial and residential products with moderate-to-large electric motors such as pumpsand fans. Martens is now looking closely at its production of attic fans, which included 10,000 unitsin the prior year (see the table below). These costs included $100,000 of allocated fixed manufacturing overhead. Martens has capacity to manufacture 15,000 attic fans per year.Martens believes demand in the coming year will be 20,000 attic fans. The company has lookedinto the possibility of purchasing the attic fans from another manufacturer to help it meet thisdemand. Harris Products, a steady supplier of quality products, would be able to provide up to 9,000attic fans per year at a price of $46.00 per fan delivered to Martens’s facility.The following is based on the production of 10,000 units in the prior year:[LO 11-3]Selling price per unit $72.00Costs per unit:Electric motor $ 6.00Other parts…an Shields Communications, Inc., a cellular communications provider based in Michigan, charges $86 per month for an all you can talk service plan. The company plans to increase marketing expenditure next year, but wants to determine the current CLV before making this decision. Variable costs before marketing are $28 per account per month and monthly retention expenditures are $12 per account. Ian Shields Communication's annual attrition rate is 17%, with an annual discount rate of 15%.A local toy manufacturer has three different mechanisms that can be installed in a doll that it sells. The different mechanisms have three different setup costs (overheads) and variable costs and, therefore, the profit from the dolls is dependent on the volume of sales. The anticipated payoffs are as follows: Light Demand Moderate Demand Heavy Demand Probability 0.25 0.45 0.3 Wind-up action $325,000 $190,000 $170,000 Pneumatic action $300,000 $420,000 $400,000 Electrical action -$400,000 $240,000 $800,000 What is the ultimate objective in the use of decision trees to product design? How is this objective accomplished? Draw the decision tree. What is the EMV of each decision alternative? Which action should be selected?
