Warehouse: 4. What is stock receipt? What consideration should be taken in the stock receipt?
Q: In the fewest possible words, define the phrase "balanced scorecard." What is the connection between…
A: The balanced scorecard is an example of performance measurement system. By this approach, business…
Q: A U.S. manufacturer is planning to open a plant in Sweden. What should this firm know about the…
A: Work-life quality is defined as the job-related experience of an individual where he/she can find…
Q: An insurance company receives 220 calls per day from customers who lodge insurance claims. The call…
A: Considering the given time slot: Arrival rate, lambda =120 calls in 3 hours = 40 calls per hour…
Q: Mateo, a florist, recently learned about strategic management and wants to implement this process…
A: Key administration includes the continuous preparation, checking, examination, and appraisal of all…
Q: Cafe Celo uses 250 kg of sirloin steak for its meals, every month with an ordering cost of BD 15 and…
A: Optimal ordering method indicating EOQ model which helps to determine the lowest cost for annual…
Q: how is a job costing system implemented provide a brief explanation of each step in the…
A: Job costing system is used by small organizations. Job costing system is a method of accounting by…
Q: Eight Flags operates several amusement parks in the Midwest. The company stocks machine oil to…
A: Total cost is the total of all expenditures incurred by a corporation in order to produce a given…
Q: Dabble, Inc. has sales of $980,000 and cost of goods sold of $640,000. The firm had an average…
A: Given that Sales = 980000 COGS=640000 Average inventory= 46000 Number of days in a year= 365
Q: Warehouse: 3. Comment on Stock Inspection.
A: Stock inspection is a very important process in which a master checks the quality of the stock…
Q: Describe how organizations benefit from total quality management.
A: Total quality management (TQM) is an ongoing process of identifying and reducing any kind of errors…
Q: How does data management professionals apply to ethical decision making in their roles?
A: Data management professionals:- Data Management Professionals are people who are working on…
Q: Q/ Find the best solution for Solving linear po vogramming problems in a knock BigfM method MinZ=…
A:
Q: Total logistics costs are the sum of inventory, transportation, and facility costs for a supply…
A: The total logistics expenses for a supply chain network are the sum of inventory, transportation,…
Q: describe and discuss the roles and importance of integrated supply chain management in global…
A: The management of the flow of goods and services is called supply chain management and it includes…
Q: A high-speed train operator schedules six trains per day departing from City A. The destination of…
A:
Q: Given the building layout for Store A, Store B, Store C, and Store D, what portion of the shared…
A: Apportioned cost is the method of distributing the different cost on the basis of proportion. It is…
Q: 1. A worker earns a minimum P537. His regular work hours to 5:00 pm with one hour lund worker's rest…
A: Given data: Minimum daily wages= 537 peso Regular working hours= 8:00 am to 5:00 pm Rest day is…
Q: In the Fulfillment Process, we are doing which of the following activities: Selling…
A: Order fulfillment refers to the process where goods are received, processed and then delivered to…
Q: List the major activities in operations managemen
A: Operations management is described as a process in management that allows the transformation of the…
Q: variable cost/unit location fixed cost elm 125 .01 ferry 50 .03 getty 75 .02 if expected output is…
A: Total cost = fixed cost + variable cost Here in the case, we are provided with fixed cost and…
Q: q1:What is the minimum number of people who could be working at time t=9? Q2:What is the minimum…
A: Here, we would prepare the Gantt chart, in this chart, we would draw the duration bar for each task,…
Q: What are Booth's algorithm's objectives?
A: Booth's algorithm generally known as Booth's multiplication algorithm that provide a way to multiply…
Q: Explain the following Result of synthesis a. Increased ROA b. Increase Customer Satisfaction c.…
A: Synthesis means combining of the various items into one item in order to have proper management and…
Q: erm plan and data required for the exercise.
A: Successful long-term planning has four key components. The Board of Directors has an important role…
Q: must give information about six drivers Explain how the design of the distribution network affects…
A: In simple sense, distribution can be defined as the combination of all the activities that are…
Q: Acadia Logistics anticipates that it will need more distribution center space to accommodate what it…
A: Expected value identifying the possible cost based on probable demand with the consideration of unit…
Q: a) What is Product Breakdown Structure (PBS)?
A: Product breakdown structure:- A product breakdown structure, sometimes called an RFP, is an outline…
Q: 1. What are the major duties and responsibilities of store keeper?
A: Inventory is the raw material or finished product stock that are kept in the warehouses for the…
Q: Davison Construction Company is building a luxury lakefront home in the Finger Lakes region of New…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: tes, respectively. Compute the hourly capacity of this system. Enter your answer with ONE decimal…
A:
Q: Based on recent experience, a company knows that its production follows an 80% learning curve. The…
A: The question is related to the Learning Curve. Learning curve is a geometrical progression, which…
Q: Blis Stadium has the physical ability to handle 71,870 Bills fans, yet the Executive Director of…
A: Find the Given details below: Given details Average attendance 68839 Fans Design Capacity…
Q: The small boatyard White Kayaks built 156 epoxy kay aks last year. Each of these requires 12 kg of…
A: Given data: The small boatyard WhiteKayaks are building epoxy kayaks, last year they built = 156.…
Q: Which type of recyclable material had the greatest increase in tonnage recycled during the period…
A: Recycling is an activity in which the waste is processed in a manner that it becomes reusable again.…
Q: Consider the foll owing network diagram showing different routes in a university. Determine the path…
A:
Q: The adoption of a 24/7 employee hotline for workplace complaints is an example of a: Group of answer…
A: The value addition can be done through multiple ways for various stakeholders in the business.
Q: Which of the following statements about a make-or-buy decision analysis is not correct? a. Available…
A: Outsourcing is described as a practice in business that emphasizes hiring parties outside a company…
Q: hat questions to ask during an information interview?
A: What your journey look like to get to where you are? What is your day-to-day life like at work? What…
Q: a. Perform the sensitivity analysis both OFC and RHS using Excel Solver b. Draw a conclusion based…
A: Formulas used:
Q: center of gravity destination coordinates and shipment load: monthly quantity 200 destination x…
A: The center of gravity is used to locate single facilities considering existing facilities, the…
Q: Types of product Capacity in min Source A C F1 3 1 20 F2 5 4 8 15 F3 6. 30 Demand is $ 20 30 25
A: Since the matrix is unbalanced i.e. supply is not equal to demand. We need to insert a dummy row F4…
Q: Cognitive dissonance Openness to experience Low Negative Affect Moral Emotions
A: Promotion is defined as when an employee in an organization is upgraded from a lower position to an…
Q: A JIT system schedules ______. Parts Capacity MPS Operations
A: A just in time inventory refers to the inventory management in which the firms orders the resources…
Q: Identify and explian how you will manage : One specific project management risk on a bookstore…
A: There are number of risks which might be faced by a bookstore website. A website must be designed in…
Q: According to Table 8-2, which describes a media selection problem, what would the objective function…
A: The objective function is equation written mathematically that shows the production output with…
Q: Service processes exist in terms of ________ systems.
A: Service process refers to the process followed by the firm to deliver its product or service to its…
Q: re some of the best prac
A: Capacity planning or capacity management: Capacity planning alludes to the demonstration of…
Q: Discuss the fundamental importance of a customer in a product or service design.
A: Customer:- A customer is a person, business, company, or other entity that uses or purchases a…
Q: Each year PBB sells 285 units of a product at a price of P600 each. The variable cost per unit is…
A:
Q: A cannabis business operates as follows. Let X, be the amount of cannabis in its inventory on the…
A: Given data is On hand inventory on the first day = 100 kg Sales throughout the month = 90% = 90kg…
Warehouse:
4. What is stock receipt? What consideration should be taken in the stock receipt?
Step by step
Solved in 2 steps
- Define INVENTORY CONTROL?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 3The units of Manganese Plus available for sale during the year were as follows: Mar. 1 June 16 Nov. 28 Inventory Purchase Purchase 23 units @ $29 32 units @ $30 42 units @ $36 97 units $667 960 1,512 $3,139 There are 14 units of the product in the physical inventory at November 30. The periodic inventory system is used. a. Determine the inventory cost by the FIFO method. $ b. Determine the inventory cost by the LIFO method. $ c. Determine the inventory cost by the weighted average cost methods. Round intermediate calculations and final answer to two decimal places.
- Subject: Logistic management Q): What are the concern of inventory control & overall objective of inventory management? Q): What are the system of inventory counting?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 X1. Inventory management for a tyre company? 2. Process management for a tyre company?
- The following is the summary of the receipts and issues of material in a Special Ice factory during December 2020. Prepare Store Ledger according to First in First Out Method. December 2020 Dec 1. Opening balance 500 units @ GH¢25 per unit Dec 3. Issue 70 units Dec 4. Issue 100 units Dec 8. Issue 80 units Dec 13. Received from supplier 200 units @ GH¢24.50 per unit Dec 14. Returned to store 15 units @ GH¢24 per unit Dec 16. Issue 180 units. Dec 20. Received from supplier 240 units @ GH¢24.75 per unit Dec 24. Issue 304 units. Dec 25. Received from supplier 320 units @ GH¢24.50 per unit Dec 26. Issue 112 units Dec 27. Returned to store 12 units @ GH¢24.50 per unit Dec 28. Received from supplier 100 units @ GH¢25 per unit b. Two components P, Q are used as follows. Normal usage 1000 units per week each. Re-ordering quantity P - 20,000 units Q - 8,000 units Re-ordering period P - 4 to 6 weeks Q…Year Cost of Good Sold Beginning Inventory (In Pesos) Ending Inventory (In Pesos) 1 503,425 10,300 12,400 2 643,056 12,400 11,200 3 690,432 11,200 10,670 4 734,509 10,670 11,200 5 758,734 ? 10,987 REQUIRED Determine the inventory turnover for year 5. Determine the number of days the finished goods stay in inventory in Year 1. There was no improvement in inventory turnover in Year 5 compared to Year 1. This statement is not correct. Write YES or NO for the answerQ1 A)Discuss the causes of stock obsolesce in the warehouse. B)
- Inventory and supply chain management concepts (6) When is it appropriate to use an Economic-Order-Quantity (EOQ) to determine an inventory order quantity? Multiple Choice O O When product has short lifecycle and it is very expensive to buy. When product is perishable and there is cost of holding inventory. When product has long life cycle and there is fixed cost of ordering. When product's demand is uncertain and there is a known cost of under-stocking.30.May I know the correct option?Explain how different inventory control system works?