Wes and Steve make homemade hot sauce for use on their lunch trucks. The sauce, which...
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Wes and Steve make homemade hot sauce for use on their lunch trucks. The sauce, which is NOT perishable, is used at a steady rate of 300 bottles/month. The sauce can be produced at a rate of 50 bottles/day. The kitchen where they are produced operates 240 days a year. Setup costs are $35 for a run of sauce, and holding costs are $.50 per bottle per year. Set up time for each production run of hot sauce is 2 days. What is the total inventory cost for this production quantity? (Note: you may be off <$2 depending on rounding.) Wes and Steve also make their own garlic aioli sauce for the sandwiches they sell. They would like to produce and sell bottles of the sauce for the upcoming holiday season. They expect it will take 15 days to produce each batch and set up for each batch is 2 days. Will they be able to do this given your math above? YOU MUST SHOW MATH PROOF TO SUPPORT ANSWER. Wes and Steve make homemade hot sauce for use on their lunch trucks. The sauce, which is NOT perishable, is used at a steady rate of 300 bottles/month. The sauce can be produced at a rate of 50 bottles/day. The kitchen where they are produced operates 240 days a year. Setup costs are $35 for a run of sauce, and holding costs are $.50 per bottle per year. Set up time for each production run of hot sauce is 2 days. What is the total inventory cost for this production quantity? (Note: you may be off <$2 depending on rounding.) Wes and Steve also make their own garlic aioli sauce for the sandwiches they sell. They would like to produce and sell bottles of the sauce for the upcoming holiday season. They expect it will take 15 days to produce each batch and set up for each batch is 2 days. Will they be able to do this given your math above? YOU MUST SHOW MATH PROOF TO SUPPORT ANSWER.
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Related Book For
Practical Management Science
ISBN: 978-1305250901
5th edition
Authors: Wayne L. Winston, Christian Albright
Posted Date:
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