A firm uses 48,700 widgets per year and can produce 300 per day. Carrying costs are $2 and setup costs are $225. They operate 240 days per year. What is the optimal run size? Do not round intermediate calculations. Round your answer to a whole number.
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- K A deli owner has room for 35 containers of shredded Parmesan cheese. He has 5-oz and 10-oz containers, and a total of 300 oz of cheese. If 5-oz containers sell for $8 and 10-oz containers sell for $15, how many of each should he sell to maximize his revenue? What is his maximum revenue? ETTIA chocolate maker has annual demand of 250,000 pounds per year. It costs $1.25 to store a pound of chocolate for a year, and $350 to produce a batch. Use the economic lot size 3. formula to find the number of batches to be produced annually. Round to the nearest whole number of batches.Batman runs a produce stand in an inner-city neighborhood. With the recent layoff in he community, he has become popular because he gives fresh produce to the loc charity. What happens as a result of his generosity? O He gets to write off transportation costs. O He experiences strong public relations benefits. O He has to allocate separate space for his clearance merchandise. O He can recover a small percentage of the loss by increasing prices on his next shipment. O The keystone donation can be deducted from his income. S
- CPG Bagels starts the day with a large production run of bagels. Throughout the morning additional bagels are produced as needed. The last bake is completed at 3 pm, and the store closes at 8 pm. It costs approximately $0.56 in materials and labor to make a bagel. The price of a fresh bagel is $2.29. Bagels not sold by the end of the previous day are sold the next day as "day- old" bagels for $0.15 each. CPG Bagels uses the Newsvendor model to management the inventory of the bagels. The critical ratio %. Report the answer without the percentage sign and keep one decimal in your answer. For example, if your answer is 0.9232 (92.32%), report 92.3 in your answer.ABC's beginning inventory is $2,000 and its ending inventory is $1,000. The inventory turnover is 6 times. Cost of goods sold for the year must equal: Numeric Response:??????????????????A chemical firm produces sodium bisulfate in 100-pound bags. Demand for this product is 20 tons per day. The capacity for producing the product is 50 tons per day. Setup costs $100, and storage and handling costs are $5 per ton a year. The firm operates 200 days a year. (Note: 1 ton= 2,000 pound) How much could the company save annually if the setup cost could be reduced to $25 per run?
- A toy manufacturer uses 51,920 rubber wheels per year for its popular dump truck series. The firm makes its own wheels, which it can produce at a rate of 800 per day. The toy trucks are assembled uniformly over the entire year. Carrying cost is $1.30 per wheel per year. Setup cost for a production run is $44. The firm operates 236 days per year. Determine the following: a. Optimal run size (Round your answer to a whole number, following normal rules of rounding.) b. Use your final answer from part a to determine minimum total annual cost for carrying and setup. (Round your answer to a whole number.) c. Cycle time for the optimal run size (Round your answer to two decimal points.) d. Run time (Round your answer to two decimal points.)Jasmine owns 12 apartment buildings in a college town, which it rents exclusively to students. Each apartment building contains 120 rental units, but the owner is having cash flow problems due to an average vacancy rate of nearly 50 percent. The apartments in each building have comparable floor plans, but some buildings are closer to campus than others. Jasmine’s accumulated data from last year on the number of apartments rented, the rental price (in dollars), and the amount spent on advertising (in hundreds of dollars) at each of the 12 apartments are available below. These data, along with the distance (in miles) from each apartment building to campus, are presented below. Jasmine is looking for expert advice on the available data to inform administrative and business policy. By applying this scenario, help her regress the quantity demanded of her apartments on price, advertising, and distance datasets by using Excel or SPSS. Observation or (Number of Apartments) Quantity…A large corporation maintains a fleet of three 30-passenger corporate jets that provide daily scheduled service between Detroit & several cities that are home to its production facilities. The jets are used strictly for business travel. The executives bood reservations thru a centralized transportation office. Because of the limited number of seats available, the planes almost always fly full. Excess demand for seats is assigned by executive rank within the firm. The executive's budget is charged for the flight at the end of the month. The charge is based on the jet's total operating expenses during the month (to include fuel, pilot's salary & fringes, maintenance, licensing & landing fees, and 1/2 of the annual accounting depreciation) divided by the actual passenger miles logged in the month. This rate per passenger is multiplied by each passenger's mileage flown in the month.A. Describe the formula being used to calculate the cost per passenger mile flown.B. As passenger…
- Using excel. The Metropolitan Bus Company (MBC) purchases diesel fuel from AmericanPetroleum Supply. In addition to the fuel cost, American PetroleumSupply charges MBC $250 per order to cover the expenses of deliveringand transferring the fuel to MBC’s storage tanks. The lead time for anew shipment from American Petroleum is 10 days; the cost of holding agallon of fuel in the storage tanks is $0.04 per month, or $0.48 peryear; and annual fuel usage is 150,000 gallons. MBC buses operate 300days a year.a.What is the optimal order quantity for MBC?b.Howfrequently should MBC order to replenish the gasoline supply?c.TheMBC storage tanks have a capacity of 15,000 gallons. ShouldMBC consider expanding the capacity of its storage tanks?d.What isthe reorder point?A carpenter makes some chairs for his business. The cushion of the chair costs $15 and the wooden structure costs $6.40. It takes 1.4 minutes to assemble the chair and the hourly cost is $90.00 for assembly time. The company has a fixed operating cost of $20000 per month. They sell the chairs for four times their total variable cost. The company wants to make a monthly profit of $5000. How many chairs must they sell?Demand for the Deskpro computers at Best buy is 35 units per day. Best Buy incurs a fixed order placement, transportation, and receiving cost of $3900 each time an order is placed. Each computer costs Best Buy $550. The optimal order quantity is 1100. What is the holding cost per year as a fraction of product cost? Round your answer to 4 decimal points.