Increasing the turnover of finished goods inventory will increase the operating cycle Select one: True False
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Increasing the turnover of finished goods inventory will increase the operating cycle
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- Samson is trying to solve the inventory needs for his fidget spinner business. He is in talks with two manufacturing businesses that can solve his problems. He is debating with himself if he should choose one or the other for his business. What role of Operations Management is Samson embodying in this scenario? (A) Storage and Inventory System (B Materials and Requisition Evaluation of Suppliers D Quality Control ManagementCan you try to make a inventory system level 1 diagram exploded version but aligned with this context diagram that I would send29) XYZ Company The XYZ Company uses 175 handles per day. The company operates 300 days per year. It costs $2.00 to carry one handle in inventory for one year. When handle inventory is low, an order is sent to the fabrication department to manufacture more handles. Fabrication can produce handles at a rate of 1500 per day and send the handles over to assembly while production is in progress. The setup for each production run costs $500. In order to calculate the EOQ, the XYZ company utilizes the __________ model. Group of answer choices a) Basic EOQ b) Production Quantity c) Optimal Production
- 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…Seah Corporation presents the following data: Usage is 400 units per month, cost per order is P20, and carrying cost per unit is P6. Given these data, answer the following questions: (A) What is the economic order quantity? (B) How many orders are required each month? CHOICES A) 32 and (B) 6 (A) 32 and (B) 8 (A) 52 and (B) 6 (A) 52 and (B) 8 (A) 62 and (B) 10In a short article on Pros and Cons of Re-Order Control and Cycle Inventory Tracking Systems, please clarify it to me.
- CHOICE MAKING 2. True or False: Group IDD service settings typically offer a person many opportunities to make choices. True FalseA toy manufacturer makes its own wind-up motors, which are then put into its toys. While the toy manufacturing process is continuous, the motors are intermittent flow. Data on the manufacture of the motors appears below. Annual demand (D) = 50,000 units Daily subassembly production rate = 1,000 Daily subassembly usage rate = 200 Setup cost (S) = $85 per batch Carrying cost = $.20 per unit per year calculate: i. optimal order quantity i. Number of days are required to produce a batch ii. The average inventory iv. Total annual inventory costWhich of the following problems are not among those hidden when inventory levels are excessively high? A) Inadequate worker motivation B) Engineering design redundancies C) Scrap D) Productive equipment downtime E) Paperwork backlogs
- DataSpan, Incorporated, automated its plant at the start of the current year and installed a flexible manufacturing system. The company is also evaluating its suppliers and moving toward Lean Production. Many adjustment problems have been encountered, including problems relating to performance measurement. After much study, the company has decided to use the performance measures below, and it has gathered data relating to these measures for the first four months of operations. Throughput time (days) Delivery cycle time (days) Manufacturing cycle efficiency (MCE) Percentage of on-time deliveries Total sales (units) 1 2 Month ? ? ? ? ? ? 91% 86% 3,460 3,312 Move time per unit Process time per unit Wait time per order before start of production Queue time per unit Inspection time per unit 3 ? ? ? 82% 3,143 4 Management has asked for your help in computing throughput time, delivery cycle time, and MCE. The following average times have been logged over the last four months: ? ? ? 78% 3,025…The Fizer Drug Company manufactures over-the-counterand prescription drugs. Last year the company’s cost ofgoods sold was $470 million. It carried average raw materialinventory of $17.5 million, average work-in-process of $9.3 million, and average finished goods inventory of $6.4 mil-lion. The company operates 365 days per year. Compute the company’s inventory turns and days of supply for last year.Midland Transmissions and Axels Inc. has been a very successful business catering to the light duty trucking industry for the past 11 years. Financial records show that for every year, except the first year, the actual grow rate exceeded the sustainable growth rate by 10 to 15 per cent yearly. The company is now faced with the need to quickly raise $60 million dollars in order in business. Old Dominion Bank and Bonds, Inc. a leading bank chartered in Hamilton, Ontario, is threatening Midland and Transmissions, that as a result of their defaulting on a $500 thousand payment o their secured $25 million long-term bond indenture, they probably will go to court to force bankruptcy proceedings. Midland Transmissions financial vice-president Gloria Knumbers, assures the company they could easily be able to sell $50 million of new common stock, since their financial condition is basically good. Old Dominion Bank and Bonds has agreed that if Midland and Transmissions could raise $50 million by…