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Acme stamping produces seat brackets for a major manufacturer of stadium seating. They sell an average...
Question 4 (5 points) Acme stamping produces seat brackets for a major manufacturer of stadium seating....
Question 4 (5 points) Acme stamping produces seat brackets for a major manufacturer of stadium seating. They sell an average of 68,000 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 $345 to set up the stamping machine for a production run. The brackets cost $0.47 each to make, and Acme uses 10% of the unit cost to estimate the annual inventory holding...
2. Joe Henry’s machine shop uses 10,000 brackets during the course of a year. These brackets...
2. Joe Henry’s machine shop uses 10,000 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the brackets: Annual demand 10,000 Holding cost per bracket per year $1.75 Order cost per order $22.00 Lead time 4 days Working days per year 250 a. Given the above information, what would be the economic order quantity (EOQ)? b. Given the EOQ, what would be the average inventory? What...
Assignment 4.6: Inventory Controls Assignment A 1. A game controller manufacturer uses approximat...
Assignment 4.6: Inventory Controls Assignment A 1. A game controller manufacturer uses approximately 31,000 computer chips annually. The chips are used at a steady rate during the 230 days a year that the plan operates. Annual holding cost is $3 per chip, and ordering cost is $120. Determine: a) the optimal order quantity b) the number of workdays in an order cycle 2. The Garble Corporation produces brass rings for its assembly of Fancy Garbles. The firm operates 220 days...
Emarpy Appliance is a company that produces all kinds of major appliances. Bud Banis, the president...
Emarpy Appliance is a company that produces all kinds of major appliances. Bud Banis, the president of Emarpy, is concerned about the production policy for the company's best-selling refrigerator. The annual demand for this has been about 7,250 units each year, and this demand has been constant throughout the year. The production capacity is 190 units per day. Each time production starts, it costs the company $110 to move materials into place, reset the assembly line, and clean the equipment....
Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only one factory. However,...
Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only one factory. However, it is considering expanding production to two or even three factories. The following table shows the company's short-run average total cost (SRATC) each month for various levels of production if it uses one, two, or three factories. (Note: Q equals the total quantity of bikes produced by all factories.) Number of factories Q = 50 180 270 360 Q = 100 100...
A stamping press produces sheet-metal stampings in batches. The press is operated by a worker whose...
A stamping press produces sheet-metal stampings in batches. The press is operated by a worker whose labor rate = $15.00/hr and applicable labor overhead rate = 42%. Cost rate of the press = $22.50/hr and applicable equipment overhead rate = 20%. In one job of interest., the batch size = 400 stampings. The time to set up the die/tooling in the press takes 75 min. The die/tooling used in the operation cost $40,000 and is expected to last for 200,000...
Race One Motors is an Indonesian car manufacturer. At its largest manufacturing facility, in Jakarta, the...
Race One Motors is an Indonesian car manufacturer. At its largest manufacturing facility, in Jakarta, the company produces subcomponents at a rate of 305 per day, and it uses these subcomponents at a rate of 12,500 per year (of 250 working days). Holding costs are $2 per item per year, and ordering costs are $29 per order. a) What is the economic production quantity? b) How many production runs per year will be made? c) What will be the maximum...
Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only one...
Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only one factory. However, it is considering expanding production to two or even three factories. The following table shows the company's short-run average total cost (SRATC) each month for various levels of production if it uses one, two, or three factories. (Note: Q equals the total quantity of bikes produced by all factories.) Average Total Cost (Dollars per bike) Q = 150 200 120 160 Number...
The production floor produces 8500 units/day and the associated direct-operated store sells 50 units/hour with the...
The production floor produces 8500 units/day and the associated direct-operated store sells 50 units/hour with the selling price at $120/unit. The direct-operated store operates 12 hours/day and 365 days/year, but the production works for 250 working days/year. Given that the production setup cost per production run is $1500 and the holding cost per year is $5/unit. (a) Calculate the optimal batch size for each production run. (b) What is the maximum inventory level with regard to the optimal batch size?...
Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only one...
Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only one factory. However, it is considering expanding production to two or even three factories. The following table shows the company's short-run average total cost (SRATC) each month for various levels of production if it uses one, two, or three factories. (Note: Q equals the total quantity of bikes produced by all factories.) Number of Factories Average Total Cost (Dollars per bike) Q Q- 300 400...
Question 4 (5 points) Acme stamping produces seat brackets for a major manufacturer of stadium seating. They sell an average of 68,000 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 $345 to set up the stamping machine for a production run. The brackets cost $0.47 each to make, and Acme uses 10% of the unit cost to estimate the annual inventory holding...
Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only one factory. However, it is considering expanding production to two or even three factories. The following table shows the company's short-run average total cost (SRATC) each month for various levels of production if it uses one, two, or three factories. (Note: Q equals the total quantity of bikes produced by all factories.) Number of factories Q = 50 180 270 360 Q = 100 100...
Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only one factory. However, it is considering expanding production to two or even three factories. The following table shows the company's short-run average total cost (SRATC) each month for various levels of production if it uses one, two, or three factories. (Note: Q equals the total quantity of bikes produced by all factories.) Average Total Cost (Dollars per bike) Q = 150 200 120 160 Number...
Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only one factory. However, it is considering expanding production to two or even three factories. The following table shows the company's short-run average total cost (SRATC) each month for various levels of production if it uses one, two, or three factories. (Note: Q equals the total quantity of bikes produced by all factories.) Number of Factories Average Total Cost (Dollars per bike) Q Q- 300 400...
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