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 300 days.Setup labor costAnnual holding costDaily production (8 hours)Annual demand for steering wheelsDesired lot size (2 hours of production)$60.00 per hour$11 per unit880 units/day36,000 (300 days x daily demand of 120 units)Q=220 unitsa) Setup cost = $(round your response to two decimal places).b) Setup time =minutes (round your response to two decimal places).

Answered: Rick Wing has a repetitive…

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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Pauline Found Manufacturing, Inc., is moving to kanbans to support its telephone switching-board assembly lines. Determine the size of the kanban for subassemblies and the number of kanbans needed. Setup cost Annual holding cost Daily production Annual usage Lead time Safety stock $30 $120 per subassembly 30 subassemblies 3,000 (50 weeks × 5 days each × daily usage of 12 subassemblies) 12 days 2 days' production Kanban container size = ☐ units (round your response to the nearest whole number).
Pauline Found Manufacturing, Inc., is moving to kanbans to support its telephone switching-board assembly lines. Determine the size of the kanban for subassemblies and the number of kanbans needed. Setup cost Annual holding cost Daily production Annual usage $30 $120 per subassembly 20 subassemblies 4,500 (50 weeks x5 days each x daily usage of 18 subassemblies) 10 days Lead time: Safety stock 3 days' production Kanban container size = 150 units (round your response to the nearest whole number). Number of kanbans needed = 2 kanbans (round your response to the nearest whole number)
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A manufacturer capacity is equal to 60 products per work day. The annual demand reaches 11,520 units per year. The manufacturer operates 6 days per week and 48 weeks per year. The cost to switch the production line from one type of product to the other is $50,000. It costs $1,000 to store on product for one year. a. What is the economic lot size? b. What is the total annual cost? Production Course.
22 A bottling plant fills 1,200 bottles every two hours. The lead time is 30 minutes and a container accommodates 140 bottles. The safety stock is 20 percent of expected demand. How many kanban cards are needed? Note: Round up your answer to the next whole number.
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1. can you describe push inventory system that are called “push system?” is one system better than the other, in your view do you think all industries have a choice in where they can use a push system or a pull system?
Business model examples on Lean Canvas Model
IE Carol Cagle has a repetitive manufacturing plant producing trailer hitches in Arlington, Texas. The plant has an average inventory tumover 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 To obtain the desired lot size, the set-up time that should be achieved $25 per hour $13 per unit 992 units/8 hour day 33.000 (275 days each daily demand of 120 units) 124 units (one hour of production) minutes pound your response to two decimal places)
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 $12 per unit Daily production 960 units/8 hour day Annual demand 45,360 (270 days each×daily demand of 168 units) Desired lot size 120 units (one hour of production) Part 2 To obtain the desired lot size, the set-up time that should be achieved = enter your response here minutes (round your response to two decimal places).
Value-Stream Costing Objective During the week of June 12, Harrison Manufacturing produced and shipped 16,000 units of its aluminum wheels: 3,800 units of Model A and 12,200 units of Model B. The cycle time for Model A is 0.80 hours and that of Model B is 0.55 hours. The total net work hours for the aluminum wheel value stream for the week were 15,000. The following costs were incurred: Order processing Production planning Purchasing Stamping Welding Cladding Testing Packaging and shipping Invoicing Total Materials $365,000 140,000 335,000 Unit Cost $840,000 Salaries/ Wages $18,000 321,600 25,200 36,500 40,000 11,000 10,000 13,800 $476,100 Machining $37,000 40,000 $77,000 Other $18,400 12,000 $30,400 Total Cost $18,000 321,600 25,200 456,900 232,000 335,000 11,000 10,000 13,800 $1,423,500 Required: 1. Assume initially that the value-stream costs and total units shipped apply only to one model (a single-product value stream). Calculate the unit cost. Round your answer to the nearest…

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