The forecasted demand is 1800, 1200, 1600, 1000, for quarters 1,2,3,4, respectively. No negative inventory is allowed. The beginning annual inventory is 500. The ending annual inventory is 500. The production standard is 40 items/quarter. Unit carrying cost is $60/item/year. Hiring cost is $150/FTE and the firing cost is $240/FTE. Question 7. For a mixed production plan of 1500,1100,1700,1300, for quarters 1,2,3,4, respectively, how many statements are correct? (A) 0 (B) 1 (C) 2 (D) 3 (E) 4 Statement 1. The production for quarter 2 is 1100 Statement 2. The ending inventory for quarter 3 is 200 Statement 3. The quarterly FTE requirement for quarter 4 is 60 Statement 4. The annual average inventory is 250 Question 8. For a mixed production plan of 1500,1100,1700,1300, for quarters 1,2,3,4, respectively, how many statements are correct? (A) 0 (B) 1 (C) 2 (D) 3 (E) 4 Statement 1. The number of quarterly FTEs hired in quarter 1 is 10 Statement 2. The number of quarterly FTEs fired in quarter 2 is 5 Statement 3. The quarterly average inventory for quarter 3 is 250 Statement 4. The total quarterly carrying cost for quarter 4 is 3750 Question 9. For a mixed production plan of 1500,1100,1700,1300, for quarters 1,2,3,4, respectively, how many statements are correct? (A) 0 (B) 1 (C) 2 (D) 3 (E) 4 Statement 1. The total annual hiring cost is 3000 Statement 2. The total annual firing cost is 4800 Statement 3. The total annual carrying cost is 15000 Statement 4. The total annual cost is 22800
The forecasted demand is 1800, 1200, 1600, 1000, for quarters 1,2,3,4, respectively. No negative inventory is allowed. The beginning annual inventory is 500. The ending annual inventory is 500. The production standard is 40 items/quarter. Unit carrying cost is $60/item/year. Hiring cost is $150/FTE and the firing cost is $240/FTE. Question 7. For a mixed production plan of 1500,1100,1700,1300, for quarters 1,2,3,4, respectively, how many statements are correct? (A) 0 (B) 1 (C) 2 (D) 3 (E) 4 Statement 1. The production for quarter 2 is 1100 Statement 2. The ending inventory for quarter 3 is 200 Statement 3. The quarterly FTE requirement for quarter 4 is 60 Statement 4. The annual average inventory is 250 Question 8. For a mixed production plan of 1500,1100,1700,1300, for quarters 1,2,3,4, respectively, how many statements are correct? (A) 0 (B) 1 (C) 2 (D) 3 (E) 4 Statement 1. The number of quarterly FTEs hired in quarter 1 is 10 Statement 2. The number of quarterly FTEs fired in quarter 2 is 5 Statement 3. The quarterly average inventory for quarter 3 is 250 Statement 4. The total quarterly carrying cost for quarter 4 is 3750 Question 9. For a mixed production plan of 1500,1100,1700,1300, for quarters 1,2,3,4, respectively, how many statements are correct? (A) 0 (B) 1 (C) 2 (D) 3 (E) 4 Statement 1. The total annual hiring cost is 3000 Statement 2. The total annual firing cost is 4800 Statement 3. The total annual carrying cost is 15000 Statement 4. The total annual cost is 22800
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The forecasted demand is 1800, 1200, 1600, 1000, for quarters 1,2,3,4, respectively.
No negative inventory is allowed.
The beginning annual inventory is 500. The ending annual inventory is 500.
The production standard is 40 items/quarter.
Unit carrying cost is $60/item/year.
Hiring cost is $150/FTE and the firing cost is $240/FTE.
Question 7. For a mixed production plan of 1500,1100,1700,1300, for quarters 1,2,3,4,
respectively, how many statements are correct?
(A) 0 (B) 1 (C) 2 (D) 3 (E) 4
Statement 1. The production for quarter 2 is 1100
Statement 2. The ending inventory for quarter 3 is 200
Statement 3. The quarterly FTE requirement for quarter 4 is 60
Statement 4. The annual average inventory is 250
Question 8. For a mixed production plan of 1500,1100,1700,1300, for quarters 1,2,3,4,
respectively, how many statements are correct?
(A) 0 (B) 1 (C) 2 (D) 3 (E) 4
Statement 1. The number of quarterly FTES hired in quarter 1 is 10
Statement 2. The number of quarterly FTES fired in quarter 2 is 5
Statement 3. The quarterly average inventory for quarter 3 is 250
Statement 4. The total quarterly carrying cost for quarter 4 is 3750
Question 9. For a mixed production plan of 1500,1100,1700,1300, for quarters 1,2,3,4,
respectively, how many statements are correct?
(A) 0 (B) 1 (C) 2 (D) 3 (E) 4
Statement 1. The total annual hiring cost is 3000
Statement 2. The total annual firing cost is 4800
Statement 3. The total annual carrying cost is 15000
Statement 4. The total annual cost is 22800
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