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Rick Wing has a repetitive manufacturing plant producing automobile steering...
Rick Wing has a repetitive manufacturing plant producing automobile steering wheels. Use the following data to...
Rick Wing has a repetitive manufacturing plant producing automobile steering wheels. Use the following data to prepare for a reduced lot size. The firm uses a work year of 290 days. Setup labor cost $40.00 per hour Annual holding cost $16 per unit Daily production (8 hours) 960 units/day Annual demand for steering wheels 29,000 (290 days×daily demand of 100 units) Desired lot size (2 hours of production) Q= 240 units A) what is the setup cost? B) what is...
Rick Wing has a repetitive manufacturing plant producing automobile steering wheels. Use the following data to...
Rick Wing has a repetitive manufacturing plant producing automobile steering wheels. Use the following data to prepare for a reduced lot size. The firm uses year of 290 days. Setup labor cost $40.00 per hour Annual holding cost $15 per unit Daily production (8 hours) 800 units/day Annual demand for steering wheels 34,800 (290 days x daily demand of 120 units) Desired lot size (2 hours of production) Q = 200 units a) Setup cost = $ (round your response...
Rick Wing has a repetitive manufacturing plant producing automobile steering wheels. Use the following data to...
Rick Wing has a repetitive manufacturing plant producing automobile steering wheels. Use the following data to prepare for a reduced lot size. The firm uses a work year of 290 days. Setup labor cost Annual holding cost $60.00 per hour $13 per unit 960 units/day Daily production (8 hours) Annual demand for steering wheels 31,900 (290 days x daily demand of 110 units) Desired lot size (2 hours of production) Q 240 units a) Setup cost = $ (round your...
Carol Cagle has a repetitive manufacturing plant producing trailer hitches in Arlington, Texas. The plant has...
Carol Cagle has a repetitive manufacturing plant producing trailer hitches in Arlington, Texas. The plant has an average inventory turnover of only 12 times per year. He has therefore determined that he will reduce his component lot sizes. He has developed the following data for one component, the safety chain clip: Setup labor cost Annual holding cost Daily production Annual demand Desired lot size $30 per hour $14 per unit 1,008 units/8 hour day 43,680 (260 days each x daily...
gle has a repetitive manufacturing plant producing trailer hitches in Arlington, Texas. The plant has an...
gle has a repetitive manufacturing plant producing trailer hitches in Arlington, Texas. The plant has an average inventory turnover of only 12 times per year. He has therefore determined that he will reduce his component lot sizes. He has developed the following data for one component, the safety chain clip: Setup labor cost $2525 per hour Annual holding cost $1212 per unit Daily production 1 comma 0081,008 units/8 hour day Annual demand 36 comma 00036,000 (250250 days eachtimes ×daily demand...
Carol Cagle has a repetitive manufacturing plant producing trailer hitches in Arlington, Texas. The plant has...
Carol Cagle has a repetitive manufacturing plant producing trailer hitches in Arlington, Texas. The plant has an average inventory turnover of only 12 times per year. He has therefore determined that he will reduce his component lot sizes. He has developed the following data for one component, the safety chain clip: Setup labor cost $25 per hour Annual holding cost $14 per unit per unit Daily production 992 units/8 hour day Annual demand 25300 (275 days each ×daily demand of...
Carol Cagle has a repetitive manufacturing plant producing trailer hitches in Arlington, Texas. The plant has...
Carol Cagle has a repetitive manufacturing plant producing trailer hitches in Arlington, Texas. The plant has an average inventory turnover of only 12 times per year. He has therefore determined that he will reduce his component lot sizes. He has developed the following data for one component, the safety chain clip: Setup labor cost Annual holding cost Daily production Annual demand Desired lot size $20 per hour $12 per unit 976 units/8 hour day 25,300 (275 days each x daily...
Problem 16.1 : Question Help Carol Cagle has a repetitive manufacturing plant producing trailer hitches in...
Problem 16.1 : Question Help Carol Cagle has a repetitive manufacturing plant producing trailer hitches in Arlington, Texas. The plant has an average inventory turnover of only 12 times per year. He has therefore determined that he will reduce his component lot sizes. He has developed the following data for one component, the safety chain clip Setup labor cost $30 per hour Annual holding cost $14 per unit Daily production 960 units/8 hour day Annual demand 33,000 (275 days each...
3. A repetitive manufacturing firm is planning on level material use. The following information has been...
3. A repetitive manufacturing firm is planning on level material use. The following information has been collected. Currently, the firm operates 250 days per year. Annual demand (D) 20,000 Daily demand (d) Daily production (p) 250 Desired lot size (Q) Holding cost per unit per year (H) $50 1) What is the setup cost based on the desired lot size? (10 points) 80 2) What is the desired setup time based on $50 hour setup labor? (10 points) 3) Theoretically,...
Given the following information about a product, at Phyllis Simon's firm, what is the appropriate setup...
Given the following information about a product, at Phyllis Simon's firm, what is the appropriate setup time? Setup labor cost $50.00 per hour Annual holding cost $13 per unit Daily production1,200 units/day Annual demand 43,500 (290 days each x daily demand of 150 units) Desired lot size 150 units Setup timeminutes (round your response to two decimal places)
Rick Wing has a repetitive manufacturing plant producing automobile steering wheels. Use the following data to prepare for a reduced lot size. The firm uses year of 290 days. Setup labor cost $40.00 per hour Annual holding cost $15 per unit Daily production (8 hours) 800 units/day Annual demand for steering wheels 34,800 (290 days x daily demand of 120 units) Desired lot size (2 hours of production) Q = 200 units a) Setup cost = $ (round your response...
Rick Wing has a repetitive manufacturing plant producing automobile steering wheels. Use the following data to prepare for a reduced lot size. The firm uses a work year of 290 days. Setup labor cost Annual holding cost $60.00 per hour $13 per unit 960 units/day Daily production (8 hours) Annual demand for steering wheels 31,900 (290 days x daily demand of 110 units) Desired lot size (2 hours of production) Q 240 units a) Setup cost = $ (round your...
Carol Cagle has a repetitive manufacturing plant producing trailer hitches in Arlington, Texas. The plant has an average inventory turnover of only 12 times per year. He has therefore determined that he will reduce his component lot sizes. He has developed the following data for one component, the safety chain clip: Setup labor cost Annual holding cost Daily production Annual demand Desired lot size $30 per hour $14 per unit 1,008 units/8 hour day 43,680 (260 days each x daily...
Carol Cagle has a repetitive manufacturing plant producing trailer hitches in Arlington, Texas. The plant has an average inventory turnover of only 12 times per year. He has therefore determined that he will reduce his component lot sizes. He has developed the following data for one component, the safety chain clip: Setup labor cost Annual holding cost Daily production Annual demand Desired lot size $20 per hour $12 per unit 976 units/8 hour day 25,300 (275 days each x daily...
Problem 16.1 : Question Help Carol Cagle has a repetitive manufacturing plant producing trailer hitches in Arlington, Texas. The plant has an average inventory turnover of only 12 times per year. He has therefore determined that he will reduce his component lot sizes. He has developed the following data for one component, the safety chain clip Setup labor cost $30 per hour Annual holding cost $14 per unit Daily production 960 units/8 hour day Annual demand 33,000 (275 days each...
3. A repetitive manufacturing firm is planning on level material use. The following information has been collected. Currently, the firm operates 250 days per year. Annual demand (D) 20,000 Daily demand (d) Daily production (p) 250 Desired lot size (Q) Holding cost per unit per year (H) $50 1) What is the setup cost based on the desired lot size? (10 points) 80 2) What is the desired setup time based on $50 hour setup labor? (10 points) 3) Theoretically,...
Given the following information about a product, at Phyllis Simon's firm, what is the appropriate setup time? Setup labor cost $50.00 per hour Annual holding cost $13 per unit Daily production1,200 units/day Annual demand 43,500 (290 days each x daily demand of 150 units) Desired lot size 150 units Setup timeminutes (round your response to two decimal places)
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