You are an experienced machinist with a small tool shop. You have been askedto submit a bid to produce 12 special clamps for a new die that is underconstruction. You estimate that the material costs (metal and fasteners) foreach clamp are $150.00. You also estimate that 10.65 labor hours are neededto produce the first clamp. The value of your labor is $50/hour.From similar orders in the past, you estimate that there is a 90% learning curvefor this type of work. Using this information, what is the lowest total bid(cumulative price for 12 clamps) you should submit if you charge a 25%markup on material and you wish to recoup your labor costs?Hint: set up formulas in Excel (see Moodle video). This is a long problem.Round your answer to 2 decimal places and DO NOT include the $ sign or acomma. For example, answer 4567.89 and NOT $4,567.89Answer:Check

Find the Calculation methods below: Required time (Tn) = T1nbn - Unit numberT1 - Time Taken for…

Answered: You are an experienced machinist with a…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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A small tailoring business makes an average of 150 garments every week (1 week = 5 working days). If a working day is 9 hours and each garment takes an average of 1.5 hours to make, how many tailors are required? What is the throughput efficiency of the process?
You were recently hired to replace the manager of the Roller Division at a major conveyor-manufacturing firm, despite the manager's strong external sales record. Roller manufacturing is relatively simple, requiring only labor and a machine that cuts and crimps rollers. As you begin reviewing the company's production information, you learn that labor is paid $8 per hour and the last worker hired produced 100 rollers per hour. The company rents roller cutters and crimping machines for $16 per hour, and the marginal product of captial is 100 rollers per hour. What do you think the previous manager could have done to keep his job?
Manufacturing Direct Labor: Fixed or Variable?To retain skilled employees instead of letting them go when demand falls, Lincoln Electric trainsemployees for other tasks in the company. The Cleveland-based manufacturer of welding and cuttingparts has integrated the approach in all its operations so that it can guarantee employment for all employees who have been with the company for 3 or more years. This policy has worked for more than 60 years.Other companies such as Nestlé and Apex Precision Technology accomplish the same goal ofkeeping their employees as demand fluctuates by using part-time arrangements with the employees.Required Discuss whether manufacturing labor should be considered a fixed or a variable cost at thesecompanies.
You are the operations manager for a production company. You are given the technical rate of substitution between factors X2 and X1 as -4. If you will like to produce the same output but you want to decrease the use of X1 by 2 units since it cost more than X2 to acquire, how many additional units of X2 will be required?
A company manufactures 1,500,000 units of a product yearly. A new design of the productwill reduce materials cost by 20% but will increase processing cost by 8%. If materials cost is₱10.00 per unit and processing will cost ₱0.50 per unit, how much can the company afford topay for the preparation of the new design and making changes in equipment?
Tailwind, Inc., produces high-quality but expensive training shoes for runners. The Tailwind shoe, which sells for $210, contains both gas- and liquid-filled compartments to provide more stability and better protection against knee, foot, and back injuries. Manufacturing the shoes requires 10 separate tasks. There are 400minutes available for manufacturing the shoes in the plant each day. Daily demand is 62.The information for the tasks is as follows: Task Performance Time (mins) Predecessors A 1 − B 3 A C 1 B D 4 B E 1 C, D F 3 A G 2 F H 5 G I 3 E, H J 2 I a-b) The correct precedence relationship with one of the possible assignments of tasks using the "ranked positionedweight" to workstations is shown in Fig 1, 2 or 3 c) The efficiency of the assembly line with 5 workstations shown in the figure…
“How many dozen should I put in the proofer?” asked Elizabeth, the new baker at the Sands Cafeteria. Rami El‐Hussieny was the day shift operations manager, and, unfortunately, he did not know how to answer Elizabeth's question. What she wanted to know was simple enough: How many dozen rolls should be placed in the proofer in anticipation of the night's dinner business? The problem was that the frozen dinner roll dough used at the Sands Cafeteria needed to be proof for at least 2 hours prior to being baked for 15 minutes. If too many rolls were proofed, they would never be needed, but they would still have to be baked and made into bread dressing or even tossed out. If too few dozen were proofed and the night was busier than anticipated, they would run out of “Fresh Baked Rolls” (one of the restaurant's signature items), and Rami knew that the night manager would be really upset. It was a daily guess, and sometimes Rami missed the guess! He wondered if a prebaked roll with a shelf life…
ABC Company manufactures a product which goes through one process only. The product costs and the data given below relate to the recent period; Beg. WIP…………………………….. 6,375 units Direct Material cost….. ……….$ 7,605 Conversion cost……… ……… $ 4,365 During Period: Units started………….. ……… 91,950 units Direct Mat. cost added.. …….. $ 110,350 Direct Lab. Cost added..…….. $ 36,950 Manuf. Overh. Cost applied….. $ 47,065 End. WIP……………………………… 5,100 units Direct Material………………... 100% completed Conversion……………………. 50% completed Prepare the production report. (round your numbers)
by matching process capabilities with product requirements, we get the most efficient process possible
Mr. Henry produces a particular type of shoes on a Fancy line. The process involves eight different tasks. Mr. Henry would like to increase productivity on this line and asked you for some assistance. He would like to balance the assembly line in order to reduce idle time and increase efficiency. What information would you need in order to demonstrate to Mr. Henry how to balance the assembly line? Setup an example that will be used to demonstrate to Mr. Henry how to balance the Using the example that you set up in “b” above, demonstrate to Henry how to balance the line using the LOT heuristics. Based on the example above, calculate the efficiency of the line.
Tailwind, Inc., produces high-quality but expensive training shoes for runners. The Tailwind shoe, which sells for $210, contains both gas- and liquid-filled compartments to provide more stability and better protection against knee, foot, and back injuries. Manufacturing the shoes requires 10 separate tasks. There are 400 minutes available for manufacturing the shoes in the plant each day. Daily demand is 64. The information for the tasks is as follows: Task Performance Time (mins) Predecessors A 1 − B 3 A C 1 B D 4 B E 1 C, D F 3 A G 2 F H 5 G I 1 E, H J 3 I a) The efficiency of the assembly line with 5 workstations shown in the figure chosen above=(enter your response as a percentage rounded to one decimal place). b) The idle time for the assembly line per cycle =minute(s) (enter your…
Kid’s World sells outdoor play equipment for children. Oneof its most popular items is a 5-foot by 7-foot wooden sand-box shown below. General assembly instructions follow.Assembly Instructions: The wood pieces for the sand-box are ordered precut and treated. Kid’s World sands thewood, drills several holes in each piece as required for as-sembly, and coats each piece with 2 ounces of water sealer.The sides are then assembled one corner at a time by at-taching a 1-foot wood strip cater-corner between a5-foot and 7-foot side. Four bolts are inserted through thepredrilled holes and secured with nuts. After the left andright corners of the sandbox have been assembled, the twopieces are joined in a similar manner to form the box as-sembly. A triangular-shaped wooden seat is attached toeach corner of the box assembly with four flat-headed nailsfor each seat. The sandbox is now complete.Construct a multilevel bill of material for the sandbox.

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