Lucy's Cookies sells 4,800 biscuit cases per year. Biscuits are produced at a rate of 1,000...
Lucy's Cookies sells 4,800 biscuit cases per year. Biscuits are produced at a rate of 1,000 cases of biscuits per day. The case cost is $ 26.5 . Holding cost is 20% of the case cost. Set-up cost is $ 11,000 . Calculate the Economic Production Quantity (EPQ) in cases. Your Answer:
Homework Answers
Add Answer to:
Lucy's Cookies sells 4,800 biscuit cases per year. Biscuits are
produced at a rate of 1,000...
PLEASE ANSWER ALL QUESTIONS: A grocery store in the community of Byera sells cases of bottled...
PLEASE ANSWER ALL QUESTIONS: A grocery store in the community of Byera sells cases of bottled water to its customers on a regular basis. Demand for the water is relatively constant with a rate of 150 cases per day. The store is open 250 days per year. The cost of a case of water is $20 The following information is available about the operation and purchase of the water: Ordering cost : $30. / order Annual holding cost per unit...
Question 7 Consider a POQ model as follow: Set-up cost: $20 per set up Holding cost:...
Question 7 Consider a POQ model as follow: Set-up cost: $20 per set up Holding cost: $0.02 per unit per day Annual Demand: 25,550 units Production rate: 90 units per day Determine the production order quantity, and the length (in days) of each inventory cycle. (1 year = 365 days) 2DS Formula: 2; VH [1-(d/p)] Notes Comments n
Acme stamping produces seat brackets for a major manufacturer of stadium seating. They sell an average...
Acme stamping produces seat brackets for a major manufacturer of stadium seating. They sell an average of 51,000 brackets per year. Their stamping machine operates for 8 hours per day, 250 days per year and can produce 150 brackets per hour. It costs them $380 to set up the stamping machine for a production run. The brackets cost $0.47 each to make, and Acme uses 20% of the unit cost to estimate the annual inventory holding cost. Calculate the economic...
MySchool Notebook Company uses 130,000 pounds of plastic pellets per year in the production of their...
MySchool Notebook Company uses 130,000 pounds of plastic pellets per year in the production of their custom 3-ring school binders. They buy the pellets at a cost of $0.75/lb delivered. They estimate that it costs them $40 to place and put away an order of pellets. They use an inventory holding rate of 20% of the cost of an item. Calculate the economic order quantity for plastic pellets for MySchool Notebook.
An health center uses 1000 splints per year, with a uniform demand rate. The workers estimate...
An health center uses 1000 splints per year, with a uniform demand rate. The workers estimate that to place each order from a local supplier the health center has to spend about $5.00 for the call and paperwork. The ankle splints cost $12.00 each and holding costs are based on a 20% annual rate. Determine: 1) The economic order quantity and frequency of orders. 2) The total annual fixed order cost, total annual holding cost, and the total overall annual...
Accountancy
Babies R Us Pty Ltd, a large export company produces the annual demand of 100,000 baby cots per year.In order to produce the cots, special equipment must be set up. Babies R Us takes two hours to set up the special equipment. The cost per set up is $400.The annual cost of holding a cot in inventory is $5.The production rate is 50 cots per hour.The workers work in a ten-hour shift per day.Required: Compute the optimal batch size to produce...
Question 3 (10 points) Electo-matic manufactures injection molded plastic frames for use in motor controllers. The...
Question 3 (10 points) Electo-matic manufactures injection molded plastic frames for use in motor controllers. The annual demand for these injection molded plastic frames is 185,000 units. Electo-matic can produce 1,300 injection molded plastic frames per hour and the company works an 8 hour day for 255 days each year. The cost to set up for production of the injection molded plastic frames is $135. Each injection molded plastic frame costs $0.87. The company uses a rate of 14% of...
Bradley's Copiers sells and repairs photocopy machines. The manager needs weekly forecasts of service calls so that he can schedule service personnel. Use the actual demand in the first period fo...
Bradley's Copiers sells and repairs photocopy machines. The manager needs weekly forecasts of service calls so that he can schedule service personnel. Use the actual demand in the first period for the forecast for the first week so error measurement begins in the second week. The manager uses exponential smoothing with α- 0.4. Forecast the number of calls for week 6, which is next week. Week Actual Service Calls 28 34 3 38 4 23 25 5 The forecast for...
please full calculation and explanation Containers, Inc. produced 62,500 and sold 59.000 plastic microcomputer cases at...
please full calculation and explanation
Containers, Inc. produced 62,500 and sold 59.000 plastic microcomputer cases at a selling price on 10.00 each. Manufacturing overhead is allocated on the basis of machine hours. The standard variable costs Per computer case were: Total Quantity Rate Direct Materials 1.5 kg $ 1.20 per kg $1.80 Direct Labour 0.50 labour hours $ 15.00 per hour 7.50 Variable Overhead 0.20 machine hours $ 6.00 per hour 1.20 Information regarding fixed overhead includes the following: Budgeted...
tic microcomputer cases at a selling price of $10.00 machine hours. The standard variable costs per...
tic microcomputer cases at a selling price of $10.00 machine hours. The standard variable costs per Containers, Inc. produced 62,500 and sold 59,000 plastic micr each. Manufacturing overhead is allocated on the basis of machine hours. computer case were: Quantity Rate Direct Materials 1.5 kg $ 1.20 per kg Direct Labour 0.50 labour hours $ 15.00 per hour Variable Overhead 0.20 machine hours $6.00 per hour Total $1.80 7.50 1.20 Information regarding fixed overhead includes the following: Budgeted Fixed Overhead:...
Question 7 Consider a POQ model as follow: Set-up cost: $20 per set up Holding cost: $0.02 per unit per day Annual Demand: 25,550 units Production rate: 90 units per day Determine the production order quantity, and the length (in days) of each inventory cycle. (1 year = 365 days) 2DS Formula: 2; VH [1-(d/p)] Notes Comments n
Acme stamping produces seat brackets for a major manufacturer of stadium seating. They sell an average of 51,000 brackets per year. Their stamping machine operates for 8 hours per day, 250 days per year and can produce 150 brackets per hour. It costs them $380 to set up the stamping machine for a production run. The brackets cost $0.47 each to make, and Acme uses 20% of the unit cost to estimate the annual inventory holding cost. Calculate the economic...
MySchool Notebook Company uses 130,000 pounds of plastic pellets per year in the production of their custom 3-ring school binders. They buy the pellets at a cost of $0.75/lb delivered. They estimate that it costs them $40 to place and put away an order of pellets. They use an inventory holding rate of 20% of the cost of an item. Calculate the economic order quantity for plastic pellets for MySchool Notebook.
Question 3 (10 points) Electo-matic manufactures injection molded plastic frames for use in motor controllers. The annual demand for these injection molded plastic frames is 185,000 units. Electo-matic can produce 1,300 injection molded plastic frames per hour and the company works an 8 hour day for 255 days each year. The cost to set up for production of the injection molded plastic frames is $135. Each injection molded plastic frame costs $0.87. The company uses a rate of 14% of...
Bradley's Copiers sells and repairs photocopy machines. The manager needs weekly forecasts of service calls so that he can schedule service personnel. Use the actual demand in the first period for the forecast for the first week so error measurement begins in the second week. The manager uses exponential smoothing with α- 0.4. Forecast the number of calls for week 6, which is next week. Week Actual Service Calls 28 34 3 38 4 23 25 5 The forecast for...
please full calculation and explanation
Containers, Inc. produced 62,500 and sold 59.000 plastic microcomputer cases at a selling price on 10.00 each. Manufacturing overhead is allocated on the basis of machine hours. The standard variable costs Per computer case were: Total Quantity Rate Direct Materials 1.5 kg $ 1.20 per kg $1.80 Direct Labour 0.50 labour hours $ 15.00 per hour 7.50 Variable Overhead 0.20 machine hours $ 6.00 per hour 1.20 Information regarding fixed overhead includes the following: Budgeted...
tic microcomputer cases at a selling price of $10.00 machine hours. The standard variable costs per Containers, Inc. produced 62,500 and sold 59,000 plastic micr each. Manufacturing overhead is allocated on the basis of machine hours. computer case were: Quantity Rate Direct Materials 1.5 kg $ 1.20 per kg Direct Labour 0.50 labour hours $ 15.00 per hour Variable Overhead 0.20 machine hours $6.00 per hour Total $1.80 7.50 1.20 Information regarding fixed overhead includes the following: Budgeted Fixed Overhead:...
Most questions answered within 3 hours.
-
Calculate the number density of argon gas at a temperature of
24C and a pressure of...
asked 1 hour ago -
Alternative
Classification
How to Estimate
Probabilities from Data? ( For continuous Attributes)
And How to generate...
asked 1 hour ago -
An explosion breaks a 20.0-kg object into three parts. The
object is initially moving at a...
asked 2 hours ago -
Calculate the approximate number of residues of Rubisco, which
is involved in carbon fixation in plants,...
asked 3 hours ago -
Other decisions about scientific claims can have a much broader
impact.ENERGYarrow-10x10.png, environment, health, security - all...
asked 4 hours ago -
I need to write a research paper and work cited about this
topic: The United States...
asked 4 hours ago -
Hello! I was wondering if I could have some help?
If the vapor pressure of carvone...
asked 5 hours ago -
An economist wants to estimate the mean per capita income (in
thousands of dollars) for a...
asked 5 hours ago -
What would be the input/output characteristic of a circuit
obtained by putting two of your 2's-complementers...
asked 5 hours ago -
In Drosophila, the transition from the syncytial blastoderm
stage to the cellular blastoderm stage is a...
asked 6 hours ago -
Project management question:
Name 3 different types of resources (hint: humans are one
type)
asked 6 hours ago -
Consider the following reaction: C 2H 2( g) + 2H 2( g) C 2H 6(
g)...
asked 6 hours ago