Beginning inventory is 4,000 units of wood and 30 units of steel. The ending inventory of wood is planned to decrease 500 units in each of the next 2 months, and the steel inventory is expected to increase 5 units in each of the next 2 months. How many units of wood are expected to be used in production during the second month? (Points : 5) 12,500 units 10,000 units 15,000 units 12,000 units Question 12.12. (TCO 4) Which statement is true?
Required start-up material is 3,700 pounds at $ 2.70 per pound = $9,990.00 5. Company labor for installation requires two maintenance specialists for two days at eight hours per day and $ 35 per hour = $1,120.00 6. Contract labor is estimated at a fixed price of $ 7,500.00 7. Engineering is estimated to be 15% of (equipment / material) cost based on past experience = 10,678.50 8. Inspection is estimated to be 3% of (labor) cost based on past experience = 258.60 9.
SHANGHAI PLANT, UTILIZING THE APPROPRIATE DECISION ANALYSIS TOOL. Shuzworld is in need of a production plan for a total of 50 batches of Kidshuz shoes and sneakers for the coming month. The forecasted demand requires Shuzworld to produce at least 25 batches of the shoes and 10 batches of the sneakers. The latest figures show that a batch of shoes cost $2,000- dollars to produce, and a batch of sneakers cost $1,500- dollars per batch. Shuzworld needs a production plan that meets all of these constraints, and at the same time they want to minimize the production costs.
And the steel deliveries are in a three-day window. Moreover, Kenco implements the cycle counting where 100 items making up 80% of the sales volume are counted every four weeks. What is left in inventory in 12 months is discounted to sell or scrapped. 5) Describe Kenco’s CI system and compare this process change using traditional budgeting Kenco CI system is following four steps: _ Activities for improvement must be selected _ Root causes for the activities performance as it exists must be determined _Modifications must be discovered and implemented _The impact of the change must be assessed. Traditional budgeting always plans and setting a budget for revenues and expenses, and it only focuses on short-term but not planning on long-term vision.
Opportunity costs are described by Thomas and Maurice as what a firms owners give up to use resources to produce goods or services (2011, p 8). Burton Cummings opportunity costs each month are $13,000. He currently nets $7,000 (revenue expense) and he has an opportunity to net $20,000 ($5,000 salary + $15,000 rental income + 0 expenses = $20,000. What advice would you give Burton Cummings? Explain your advice in terms of opportunity costs.
By a business conducting a cash flow forecast they can then predict future sales and costs that will occur in the business. By looking at Lily’s cleaning services cash flow forecast there’s a series of problems that may hinder future profits for the company. Below I will explain them in detail: • Fluctuations – Excluding January being the month that the company received an investment and bank loan adding up to £22,000 sales have been constant with little fluctuations. From February to June Lily’s cleaning service managed to generated sales of £5000 per month after which it declined by £1000 resulting in sales of £4000, this last lasted for a time period of two months. This could have been due to an increase in people going on holiday.
OPS 571 Final Exam (Newest) – Assignment 1. A major competitive dimension that forms a company's strategic operational competitive position in their strategic planning is which of the following? • Cost or price • Focus • Straddling • Automation 2. In setting up a kanban control system you need to determine the number of kanban card sets needed. If the expected demand during lead time is 25 per hour, the safety stock is 20 percent of the demand during lead time, the container size is 5, and the lead time to replenish an order is 5 hours, what the number of kanban card sets is needed?
Daily demand 1,000 connectors Lead time 2 days Safety stock day Kanban size 500 connectors 16.3 Chris Millikan Manufacturing, Inc., is moving to kan-bans to support its telephone switching-board assembly lines. Determine the size of the kanban for subassemblies and the number of kanbans needed. 16.5 Discount-Mart, a major East Coast retailer, wants to determine the economic order quantity (see Chapter 12 for EOQ formulas) for its halogen lamps. It currently buys all halogen lamps from Specialty Lighting Manufacturers, in Atlanta. Annual demand is 2,000 lamps, ordering cost per order is $30, annual carrying cost per lamp is $12.
PROBLEM 5–29 Various CVP Questions: Break-Even Point; Cost Structure; Target Sales [LO1, LO3, LO4, LO5, LO6, LO8] Tyrene Products manufactures recreational equipment. One of the company's products, a skateboard, sells for $37.50. The skateboards are manufactured in an antiquated plant that relies heavily on direct labor workers. Thus, variable costs are high, totaling $22.50 per skateboard of which 60% is direct labor cost. Over the past year the company sold 40,000 skateboards, with the following operating results: Management is anxious to maintain and perhaps even improve its present level of income from the skateboards.
How would you characterize the household wood furniture industry and BatesManor’s relative position in this industry? In 2007, the wood furniture industry accounted for 12.4 billion dollars. Total furniture industry sales in 2007 were estimated to be $31 billion at manufacturers’ prices. Household upholstered furniture sales represent 50 percent of total household furniture sales, followed by wood furniture at 40 percent, and other forms at 10 percent. Growth in the furniture industry is found in wood furniture manufacturing.