An electronics manufacturer uses 1500 keyboards annually for its popular laptop series. The firm makes its own keyboards, which it can produce at a rate of 16 per day. Carrying cost is P100 per keyboard a year. Setup cost for a production run of keyboards is P15,000. The firm operates 200 days per year. Determine the following: a. Optimal Run Size (ap) b. Minimum total annual cost (TCmin) c. Cycle Time for the optimal run size d. Run Time for the optimal run size
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- Bhatti Company produces plastic photo frames. Two departments, molding and finishing, are involved in the manufacturing. The molding department fills the molds with hot liquid plastic that is left to cool and then opens them. The finishing department removes the plastic frame from the mold and strips the edges of the frames of extra plastic. The following information is available for the month of January: January 1 Quantity (pounds) January 31 Quantity (pounds) Work-in-Process Inventory Cost Cost Molding department Finishing department None None 5,000 $ 15,000 2,000 The WIP Inventory in the finishing department is estimated to be 40% complete for conversion both at the beginning and end of January. Costs of production for January follow: Direct Costs of Production Materials Conversion Molding department Finishing department $ 450,000 $ 90,000 80,290 The molding department started 50,000 pounds of product in January. The firm uses the FIFO method of process costing. Required: 1. Prepare…There is no alternative place inside plant premises to store the increased salt consumption. Also the existing storage area cannot be modified and expanded further. Moreover, with the due expansion coming up in next 1 year, the salt consumption will Increase by approx. 50%. 1) Suggest the solution & Innovative way to better utilize the existing space and alternatives for storage area of Salt avoiding any stock-out situation to arise. Nor the plant capacity to be curtailed due to low stock of Salt. Suggestion can be made in terms of new Technology to be adopted and any other Out of Box thinking!A coffee roaster in Richardson has opened a retail store adjacent to the production plant. Theplant manager wishes to optimize the inventory costs of the company’s best-selling coffee. Theannual demand for the coffee is 36,000 bags and the plant works 240 days per yr. The plant canroast the coffee at a rate of 200 bags per day. The cost to prepare the equipment to start aproduction run is $200 and the annual inventory carrying cost is $3.6 per year.Use 2 decimal places in your calculations (if needed) and round your final answer to the closestwhole number.a. What should be the optimum quantity of coffee to produce?(show your work in the space below)b. What is the maximum inventory achieved during a production run?(show your work in the space below)c. How many production runs are needed to meet the annual demand?(show your work in the space below)d. What is the average inventory of coffee?(show your work in the space below)e. What is the minimum total annual cost of producing and…
- EL Computer produces its multimedia notebook computer on a production line that has an annual capacity of 16,000 units. EL Computer estimates the annual demand for this model a 6000 units. The cost to set up the production line is $2345, and the annual holding cost is $30 per unit. Current practice calls for production runs of 500 notebook computers each month a. What is the optimal production lot size? b. How many production runs should be made each year? What is the recommended cycle time? c. Would you recommend changing the current production lot size policy from the monthly 500-unit production runs? Why or why not? What is the projected savings of your recommendation?Helmer's Rockers manufactures two models, Standard and Premium. Weekly demand is estimated to be 100 units of the Standard Model and 70 units of the Premium Model. The following per unit data apply: Standard PremiumContribution margin per unit $18 $20Number of machine-hours required 3 4If there are 496 machine-hours available per week, how many rockers of each model should Jim Helmer produce to maximize profits?Semans is a manufacturer that produces bracket assemblies. Demand for bracket assemblies (X) is 128 units. The following is the BOM in indented form: DESCRIPTION Bracket assembly Wall board Hanger subassembly Hanger casting Ceramic knob Rivet head screw Metal tong Plastic cap USAGE 1 ITEM X A B D E 5 F G 3 1 Below is a table indicating current inventory levels: Item X 26 D 196 F G 95 Inventory 17 69 17 145 1,220 b. What are the net requirements for each item? (Leave no cells blank - be certain to enter "0" wherever required.) Item Net Requirements A B C D F G
- One product line at Spearman Fishing Industries has 13 turnsper year and an annual sales volume (at cost) of $893,300.How much inventory is being held, on average?PT Bulan Sabit is a company engaged in fan manufacturingair conditioner with the following production datai. Setup fee = $15ii. Inventory cost per fan per year = $ 125iii. Production capacity per day = 246 fansiv. Production time per fan = 2 daysv. Fan requirement per year = 20,000 fansvi. Safety stock = 1/2 day fan productionIf PT Bulan Sabit wants to implement Kanban, then calculate the needs of the companyas follows:a) Explain the definition and purpose of kanban b) Specify production order quantity c) Calculate the container kanban that must be provided by PT Bulan Sabit Assuming the time used is per year 50 weeks and 5 days per weekOld Pueblo Engineering Contractors creates six-month “rolling” schedules, which are recomputed monthly. For competitive reasons (it would need to divulge proprietary design criteria, methods, and so on), Old Pueblo does not subcontract. Therefore, its only options to meet customer requirements are (1) work on regular time; (2) work on overtime, which is limited to 30 percent of regular time; (3) do customers’ work early, which would costan additional $5 per hour per month; and (4) perform customers’ work late, which would cost an additional $10 per hour per month penalty, as provided by their contract. Old Pueblo has 25 engineers on its staff at an hourly rate of $30. The overtime rate is $45. Customers’ hourly requirements for the six months from January to June are January 5000 February 4000 March 6000 April 6000 May 5000 June 4000 Develop an aggregate plan using a spreadsheet. Assume 20 working days in each month. 12. Alan Industries is expanding its product line to include three…
- Sitka Industries uses a cost system that carries direct materials inventory at a standard cost. The controller has established these standards for one ladder (unit): StandardQuantity x StandardPrice = StandardCost Direct materials 3 pounds $4.50 per pound $13.50 Direct labor 2.00 hours 12.00 per hour 24.00 Total cost $37.50 Sitka Industries made 2,900 ladders in July and used 8,500 pounds of material to make these units. Sitka Industries bought 15,400 pounds of material in the current period. There was a $300 unfavorable direct materials price variance. Enter all amounts as positive numbers. A. How much in total did Sitka pay for the 15,400 pounds? B. What is the direct materials quantity variance? C. What is the total direct materials cost variance? D. What if 9,200 pounds were used to make these ladders, what would be the direct materials quantity variance? E. If there was a $340 favorable direct materials price variance, how much did Sitka pay…Problem 4: Non-Slip Tile Company (NST) has been using production runs of 100,000 tiles, 10 times per year to meet the demand of 1,000,000 tiles annually. The set-up cost is $5,000 per run and holding cost is estimated at 10% of the manufacturing cost of $1 per tile. The production capacity of the machine is 500,000 tiles per month. a. Rewrite the inputs using standard notations (D, P, ...) b. Calculate the optimal production lot size. c. How much is NST losing annually with their current production schedule, comparing with the optimal production lot size?4. Several graduate students at ABC University formed a company called the ABC River Rafting Company to produce rubber rafts. The initial investment in plant and equipment is estimated to be $2,000. Labor and material cost is approximately $5 per raft. (a) If the rafts can be sold at a price of $10 each, what volume of demand would be necessary to break-even? (b) The students believe demand for their product will far exceed the break-even point in (a). They are now contemplating a larger initial investment of $10,000 for more-automated equipment that would reduce the variable cost of manufacture to $2 per raft, what is the break-even for this new process? (c) Compare the process described in (a) with the process proposed in (b). For what volume of demand should each process be chosen?