Ques.5 A manufacturer must produce a product in sufficient quantityto meet contractual sales in next four months. The production capacityand unit cost of production vary from month to month. The productproduced in one month may be held for sale in later months but at anestimated storage cost of Re.1 per unit per month. No storage cost isincurred for goods sold in the same month in which they areproduced. There is no opening inventory and none is desired at theend of four months. The necessary details are given in the followingtable:Month ContractedSales203050401234Maximum Unit Cost ofProduction40503050Production14161517How much should the manufacturer produce each month to minimizetotal cost?

This is a case of aggregate planning wherein the purpose is to keep the demand satisfied (as…

Answered: Ques.5 A manufacturer must produce 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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b. Forward Thinking Limited (FTL) has used a fixed-time period inventory system that involvedtaking a complete inventory count of all items each month. However, increasing labor costs, areforcing FTL, to examine alternative ways to reduce the amount of labour involved in inventorystockrooms, yet without increasing other costs, such a shortage costs. Table 4 (below) is arandom sample of 20 FTL’s items.6Table 4. Annual Usage by Value of a sample of FTL’s InventoryItem Number Annual Usage ($) Item Number Annual Usage ($)1 10,700 11 2,8502 14,100 12 1,5003 4,100 13 3,3004 16,100 14 2,6005 8,200 15 110,1006 1,900 16 14,9007 84,100 17 9,6008 990 18 1,8009 1040 19 3,80010 94,100 20 12,600 (i) What would you recommend FTL to do to cut back its labor cost? (Illustrate using an ABCplan).
13.6. The Ambrosia Bakery makes cakes for freezing and subsequent sale. The bakery, which operates five days a week, 52 weeks a year, can produce cakes at the rate of 116 cakes per day. The bakery sets up the cake-production operation and produces until a predetermined number (Q) has been produced. When not producing cakes, the bakery uses its personnel and facilities for producing other bakery items. The setup cost for a production run of cakes is $700. The cost of holding frozen cakes in storage is $9 per cake per year. The annual demand for frozen cakes, which is constant over time, is 6000 cakes. Determine the following: a. Optimal production run quantity (Q) b. Total annual inventory costs c. Optimal number of production runs per year d. Optimal cycle time (time between run starts) e. Run length in working days
i. ii. iii. features of With examples from a manufacturing company, identify FIVE information that is provided at the operational level of management. State TWO features of a control system that is used at the tactical level of management in a commercial entity. and State explain FIVE features of specific order costing methods used in cost ascertainment.
Please do not give solution in image format thanku 1) Determine which shipping alternative would be most economical to ship 80 boxes of parts when each box has a price of $200 and holding costs are 30 percent of price, given this shipping information: overnight, $300, two-day, $260, six-day, $180.
nagement 2 O Points: 0 of 2 Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 12,300 flashing lights per year and has the capability of producing 95 per day. Setting up the light production costs $51. The cost of each light is $1.00. The holding cost is $0.05 per light per year. a) What is the optimal size of the production run? 11,200 units (round your response to the nearest whole number). F1 - Calculator Ask my instructor 2 W S -89 7 X H command # m 3 E D 80 F3 C $ 4 R 999 F4 F % R LO 5 V 24 FS T G Part 1 of 4 ^ 6 B MacBook Pro Fo Y H & 7 N 44 F7 U * J 8 DII FO D M ( 9 – K DD F9 O v. < H I ) .O L command 4 F10 P ^. z - : ... Clear all ch S F11 option { [ ? + 1 = 11 I d F12 [ Final check } ] C delete 1 1 return shift
please give me only the answer no explantion is needed Question 4 To what does the following relate: Before a purchase of inventory can be made, it has to be authorized and supported by all relevant supporting documentation. 1. Monitoring of controls 2. Validity of transactions 3. Inherent limitations- cost vs benefit 4. Inherent limitations – human error, time constraints Question 5 To what does the following relate: Although the barcoding system in the warehouse is outdated and ineffective, the company cannot see the benefit in upgrading the system based on the high cost of the system. 1. Control environment 2. Inherent limitations – cost vs benefit 3. Validity of transactions 4. Control activities – independent checks and reconciliations Question 6 One of the six areas that an auditor needs to consider when obtaining an understanding of the entity is 1. Skills and competence of the audit…
uỹ this policy? 2. Question 14 on page 217 14. A local machine shop buys hex nuts and molly screws from the same supplier. The hex nuts cost 15 cents each and the molly screws cost 38 cents each. A setup cost of $100 is assumed for all orders. This includes the cost of tracking and receiving the orders. Holding costs are based on a 25 percent annual interest rate. The shop uses an average of 20,000 hex nuts and 14,000 molly screws annually. a. Determine the optimal size of the orders of hex nuts and molly screws, and the optimal time between placement of orders of these two items. b. If both items are ordered and received simultaneously, the setup cost of $100 applies to the combined order. Compare the average annual cost of holding and setup if these items are ordered separately; if they are both ordered when the hex nuts would normally be ordered; and if they are both ordered when the molly screws would normally be ordered. 99+ W T DOLL
32.What is meant by deficient demand? Explain its causes and consequences?
Quantity Ordered From To Price Per Roll 1 and up Order Quantity 1 86 2 452 3 492 4 191 5 356 6 148 7 342 8 382 9 276 10 118 11 464 12 188 13 25 14 427 15 30 16 111 17 161 18 314 19 442 20 429 21 451 22 32 23 181 24 163 25 336 26 240 27 68 28 317 29 435 30 211 31 76 32 374 33 415 34 408 35 196 36 302 37 312 38 31 39 317 40 394 41 348 42 49 43 500 44 490 45 94 46 285 47 237 48 101 49 53 50 257 51 273 52 415 53 346 54 133 55 287 56 431 57 113 58 197 59 6 60 328 61 114 62 207 63 273 64 257 65 113 66 400 67 324 68 500 69 60 70 117 71 466 72 370 73 293 74 164 75 63 76 252 77 394 78 109 79 233 80 340 81 430 82 210 83 363…
Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: 12 units at $47 Jan. 11 Aug. 13 20 units at $48 Nov. 30 $564 960 735 Avaliable for sale $2,259 There are 20 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using the (a) first-in, first-out (FIFO) method; (b) last-sout (LIFO) method; and (c) weighted average cost method (round per-unit cost to two decimal places and your final answer to the nearest whole dollar). a First-in, first-out (FIFO) b. Last-in, first-out (LIFO) c. Weighted average cost Inventory Purchase Purchase 15 units at $49 47 units 1,284 X
5. __________________refers to the benefits of holding some inventory rather than completely depending on the futures market for supply a. Contract yield b. Convenience yield c. Storage benefit d. Holding benefit
Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 15 units at $40 $600 Aug. 13 Purchase 5 units at $41 205 Nov. 30 Purchase 11 units at $42 462 Available for sale 31 units $1,267 There are 9 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using the (a) first-in, first-out (FIFO) method; (b) last-in, first-out (LIFO) method; and (c) weighted average cost method (round per-unit cost to two decimal places and your final answer to the nearest whole dollar). a. First-in, first-out (FIFO) $fill in the blank 1 b. Last-in, first-out (LIFO) $fill in the blank 2 c. Weighted average cost $fill in the blank 3

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