Your answer will be the production hours needed to execute your production plan - rounded to the nearest whole hour. (The number of nailers may not be a whole number, which is acceptable in this chapter.)
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- You create your own start-up company that supply bowl directly to a number of customers. You receive a number of tentative orders and you now have to tell your customers which orders you are going to take. Before embarking on this journey, you first want to allocate your production capabilities in order to devise a feasible daily production plan that maximizes your profit.There are only three different grades of bowls that you order at this early stage of the company: Bowl #1, Bowl #2 and Bowl #3.Each type of bowl has to be processed, packaged and delivered. Each operation is run by yourself. Since your company only operates for 8 hours per day, the total number of available bowl processing hours is 4, the total number of packaging hours is 2, and the total number of delivery hours is 2.Processing 10 units of Bowl #1 requires 1 hour of time, packaging is done at the rate of 20 units per hour, and delivery at the rate of 30 units per hour. The cost of the raw materials for 1 unit is…Your Lego furniture company makes Tables and Chairs. Below, you are given the starting inventory, selling price, and Bill of Materials (recipe, or construction requirements). You are to determine the number of Tables and Chairs to be built to maximize revenue. You must make 4 chairs for every table. Your answer will be the revenue generated by your production plan - rounded to the nearest whole dollar. (The number of tables and chairs must be a whole number.) Scenario 1 Large wood per table 3 Small wood per table 2 Large wood per chair 1 Small wood per chair 4 Revenue per table $35 Revenue per chair $29 Large wood inventory 300 Small wood inventory 500Barker Company produces and sells a single product with budgeted or standard costs as follows: Inputs Standards Direct materials 10 lbs at $10.00 per pound Direct labor 8 hours at $12.50 per hour Variable factory overhead 8 hours at $20.00 per hour Fixed factory overhead 8 hours at $40.00 per hour Overhead rates are based on 8,000 standard direct labor hours per month, i.e., this is the master budget denominator activity level. Desired ending inventories of materials are based on 10% of the next months materials needed. Desired ending finished goods are based on 5% of next periods budgeted unit sales. Unit Sales are budgeted as follows: January February March April 1,000 1,200 1,600 1,400 The budgeted sales price is $1000 per unit. Sales are budgeted as 80% credit sales and 20% cash sales. Past experience indicates that 60% of credit sales are collected during the month of sale, 38% are collected in the following month, and…
- Our product is BATHROOM HAIR KEEPER and our Company Name is HEALTHY BATH COMPANY and we Need the following: Insurance Requirements Operating Capital Requirements Office Requirements and Asset Acquisitions Operational WorkflowIn stating objectives, why should terms such as increase, minimize, maximize, as soon as possible, adequate, and decrease be avoided?You manage a production line that operates using a monthly production cycle. There are five different products that could be made this month. However, you only have 500 hours of line capacity, so you must be careful which products you select to make in the production cycle. Making a product incurs two types of setup costs: (1) a material “tear down” cost (measured in dollars) and (2) downtime for line preparation (measured in hours). Any quantity up to the forecasted monthly demand can be sold. Additional production details are given in the table below: Product 1 Product 2 Product 3 Product 4 Product 5 Monthly Demand 1000 units 1100 units 1700 units 1600 units 1500 units Revenue (per unit) $150 $175 $155 $200 $225 Production Cost (per unit) $60 $70 $60 $100 $110 Set Up Cost $10000 $15000 $25000 $10000 $5000 Set Up Time 25 hrs 15 hrs 0 hrs 10 hrs 30 hrs Production Time (per unit) .1 hrs .12…
- The Ace Company sells a single product at a budgeted selling price per unit of $20. Budgeted fixedmanufacturing costs for the coming period are $10,000, while budgeted fixed marketing expenses forthe period are $24,000. Budgeted variable costs per unit include $2 of selling expenses (commission)and $4 of manufacturing costs. What is the budgeted operating income if the anticipated sales volumefor the period is (1) 10,000 units, and (2) 15,000 units? (Round answers to the nearest whole number.)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.If required, round your answers to the nearest whole number. Optimal Solution Units Cost 1-A fill in the blank 34 $ fill in the blank 35 1-B fill in the blank 36 $ fill in the blank 37 1-C fill in the blank 38 $ fill in the blank 39 2-A fill in the blank 40 $ fill in the blank 41 2-B fill in the blank 42 $ fill in the blank 43 2-C fill in the blank 44 $ fill in the blank 45 3-A fill in the blank 46 $ fill in the blank 47 3-B fill in the blank 48 $ fill in the blank 49 3-C fill in the blank 50 $ fill in the blank 51 Total $ fill in the blank 52
- You are selling a new line of T-shirts on the boardwalk. The selling price will be $25 per shirt. The labor cost is $5 per shirt. The administrative costs of operating the company are estimated to be $60,000 annually, and the sales and marketing expenses are $20,000 a year. Additionally, the cost of materials will be $10 per shirt. What is the break-even quantity? Multiple Choice 2,000 shirts 3,200 shirts 5,334 shirts 8,000 shirts 16,000 shirtsThe SCOR model consists of ________. Group of answer choices Bill, deliver, make, plan, source and return Coordinate, deliver, enable, make, source and return Deliver, enable, make, plan, source and return Deliver, finance, make, plan, source and returnThis type of operational planning may cover the medium‐term needs of the business including budgeting, the purchasing and supply system and organisation thereof, purchasing and supply methods, negotiation and development of human resources. (1) Strategic level planning. (2) Tactical or middle‐management planning. (3) Operations level planning. (4) Operational planning. (5) Short‐term planning. This is in fact a production or operations scheduling system and not an inventory control system. It eliminates the holding of inventory and is based on requiring suppliers to deliver materials of the right quality to the business on the day they are needed and where they are needed. (1) Cyclical‐ordering system. (2) Materials‐requirements planning. (3) Just in time. (4) System of fixed‐order quantities. (5) Quick response system.