A company uses three raw materials A, B and C for a particular product for which the
Question:
A company uses three raw materials A, B and C for a particular product for which the following data apply:
Weekly production varies from 175 to 225 units, averaging 200 units of the said product. What would be the following quantities:
(i) Minimum stock of A?
(ii) Maximum stock of B?
(iii) Re-order level of C?
(iv) Average stock level of A?
Transcribed Image Text:
Usage per Re-order Price unit of quantity per kg (kg) Raw material product kg A B C 10 4 6 10,000 0.10 5,000 0.30 10,000 0.15 Delivery (in weeks) Min. 1 32 2 Av. 243 4 Re-order Minimum level level Max. (kg) (kg) 3 8,000 5 4,750 4 2,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
Working Note Maximum stock of A ROL ROQ Min consumption x Min reorder peri...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Read the following facts and then choose the correct option below: X acts as an interpreter in a transaction where Y wants to buy stolen goods from Z. X's conduct is considered to be that of a/an: a....
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Kappa Manufacturing Company has 120 machines in its factory. The machines run for three shifts each day. Each machine can be used for production for an average of 6 hours per shift. Assuming that...
-
The gun 25kV In a television tube, a beam of electrons from 0.22mm de ofonmeter; they arrive5.6 x 104 electrons per second. Calculate the magnetic fieldIt isproduced by the beam at a point1.5mm from...
-
The following information was taken from the accounting records of Tomek Manufacturing Company. Unfortunately, some of the data were destroyed by a computer malfunction. Case A Case B Sales $150,000...
-
Most dial-up Internet service providers (ISPs) attempt to provide a large enough service so that customers seldom encounter a busy signal. Suppose that the customers of one ISP encounter busy signals...
-
A parallel-plate capacitor with air between the plates and plate separation distance \(d\) is connected to a battery that maintains a potential difference \(V_{\text {batt }}\) between the plates....
-
The condensed single-step income statement for the year ended December 31, 2012, of Sunderland Chemical Company, a distributor of farm fertilizers and herbicides, appears as follows: Selected...
-
Question 2) Suppose there were an alternative replacement machine that could do the same job as the new stamping machine under your consideration in Question 1. The alternate choice offers the...
-
A Ltd. is committed to supply 24,000 bearings per annum to B Ltd. on a steady basis. It is estimated that it costs 10 paise as inventory holding cost per bearing per month and that the set-up cost...
-
Describe the procedure for the efficient system of physical control of materials till it reaches the stores.
-
For the following exercises, use the graph of f in Figure 1. +-+-+ -5-4-3-2-1 D y 5- 4 Figure 1 2 3 4 5 I X
-
What does the term moral hazard mean? Give examples.
-
In the Akerlof example, the individuals are treated as indifferent to risk. What would you expect to see in these markets if individuals wanted to avoid risk? What if there were some risk lovers?
-
Blue Cross plans typically have practiced community rating. If other insurance fi rms are seeking healthier patients at reduced rates, what impact will this have on Blue Cross net revenues? Why?
-
A Draw up trading account parts of the income statement using each of the three methods from the details in Question 29.3. Question 29.3 From the following figures calculate the closing...
-
Consider two workers, Ralph and Steve. Both of them work for the same employer, and each earns $15 per hour. Steve is taxed at the 15 percent marginal rate. However, Ralph is married, and due to his...
-
Casper Enterprises is forecasting two significant transactions and is concerned that adverse price movements could negatively impact these transactions. In order to hedge against adverse movements,...
-
The following selected information was taken from Sun Valley Citys general fund statement of revenues, expenditures, and changes in fund balance for the year ended December 31, 2019: Revenues:...
-
ABC systems only apply to manufacturing companies. Do you agree? Explain.
-
ABC systems only apply to manufacturing companies. Do you agree? Explain.
-
ABC systems only apply to manufacturing companies. Do you agree? Explain.
-
Managing an organization also involves managing human resources. These resources are not static: employees can change positions, leave an organization, or be replaced. Ideally, any newcomer will...
-
Job description is also known as a document that provides information about the tasks, duties and responsibilities of the job (Mondy & Noe, 2005), while job specification outlines the minimum...
-
To answer the following four questions, perform a search for 'Requests for Proposals' using your favorite Internet search engine. 1. Based on your search results, look for an RFP that has been...
Study smarter with the SolutionInn App