Business, 17.10.2020 19:01 katiebotts18

A company is about to begin production of a new product. The manager of the department that will produce one of the components for the product wants to know how often the machine used to produce the item will be available for other work. The machine will produce the item at a rate of 200 units a day. 83 units will be used daily in assembling the final product. Assembly will take place five days a week, 50 weeks a year. The manager estimates that it will take almost a full day to get the machine ready for a production run, at a cost of $300. Inventory holding costs will be $10 a year. a.
What run quantity should be used to minimize total annual costs? (Do not round intermediate calculations. Round your final answer to the nearest whole number.)
Run quantityunits
b.
What is the length of a production run in days? (Round your intermediate order quantity to nearest whole number. Round your answer to 2 decimal places.)
Run lengthdays
c.
During production, at what rate will inventory build up?
Rateunits per day
d.
If the manager wants to run another job between runs of this item, and needs a minimum of 10 days per cycle for the other work, will there be enough time?
There (is/is not) enough time.
e.
Given your answer to part d, the manager wants to explore options that will allow this other job to be performed using this equipment. Name three options the manager can consider. (You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers.)

Try to shorten setup time by .71 days.
Reduce the run size of the other job.
Increase the run quantity of the new product to allow a longer time between runs.
Try to shorten setup time by .30 hours.
Increase the run size of the other job.
f-1.
Suppose the manager decides to increase the run size of the new product. How many additional units would be needed to just accommodate the other job? (Round your intermediate order quantity to nearest whole number and final answer to 2 decimal places.)
Additional unit
f-2.
How much will that increase the total annual cost? (Round your intermediate order quantity to nearest whole number and final answer to 2 decimal places. Omit the "$" sign in your response.)
Total annual cost increases by $ .

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 20:30

Which of the following statements regarding the learning curve and economies of scale is accurate? answers: just as diseconomies of scale are presumed to exist if a firm gets too large, there is a corresponding increase in costs in the learning-curve model as the cumulative volume of production grows.where diseconomies of scale are presumed to exist if a firm gets too large, there is no corresponding increase in costs in the learning-curve model as the cumulative volume of production grows.where diseconomies of scale are presumed to exist if a firm gets too small, there is no corresponding increase in costs in the learning-curve model as the cumulative volume of production grows.just as diseconomies of scale are presumed to exist if a firm gets too small, there is a corresponding increase in costs in the learning-curve model as the cumulative volume of production grows.

Answers: 1

Answer

Business, 22.06.2019 08:20

Which change is illustrated by the shift taking place on this graph? a decrease in supply an increase in supply o an increase in demand o a decrease in demand

Answers: 3

Answer

Business, 23.06.2019 00:30

Industrial engineers who specialize in ergonomics are concerned with designing workspace and devices operated by workers so as to achieve high productivity and comfort. a paper published in this research area reports on a study of preferred height for an experimental keyboard with large forearm-wrist support. a sample of 31 trained typists resulted in an average preferred height of 80.0 cm

Answers: 1

Answer

Business, 23.06.2019 01:20

Boxes of honey nut oatmeal are produced to contain 16.0 ounces, with a standard deviation of 0.20 ounce. for a sample size of 49, the 3-sigma -x chart control limits areupper control limit (ucl-x) = ounceslower control limit =(lcl=max

Answers: 1

Answer

You know the right answer?

A company is about to begin production of a new product. The manager of the department that will pro...

Questions