Question: a) What is the optimum production quantity? _______units (round your response to the nearest whole number) b) What is the maximum number of wheel bearings

a) What is the optimum production quantity? _______units

(round your response to the nearest whole number)

b) What is the maximum number of wheel bearings that will be in inventory at Wheel-Rite?_______ units

(round your response to the nearest whole number)

c)How many production runs of wheel bearings will Wheel-Rite have in a year?_______runs

(round your response to two decimal places)

d)What is the toal setup plus holding cost for Wheel-Rite? $________

(round your response to two decimal places

Arthur Meiners is the production manager of Wheel-Rite, a small producer of metal parts. Wheel-Rite supplies Cal-Tex, a larger assembly company, with 10,600 wheel bearings each year. This order has been stable for some time. Setup cost for Wheel-Rute is $41, and holding cost is $0.60 per wheel bearing per year, Wheel-Rite can produce 450 wheel bearings per day. Cal-Tex is a just-in-time manufacturer and requires that 46 bearings be shipped to it each business day. a) What is the optimum production quantity? units (round your response to the nearest whole number)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Alexander Wilson operates Metroplex Courier and Delivery Service. He has four employees who are paid on an hourly basis. During the workweek beginning December 15 and ending December 21, 2019, his...

Arthur Meinars is the production manager of Wheel-Rite, a small producer of metal parts. Wheel-Rite supplies Cal-Tex, a larger assembly company, with 10,000 wheel bearings each year. This order has...

requires that 4 8 bearings be shipped to it each business day. a ) What is the optimum production quantity? units ( round your response to the nearest whole number ) . b ) What is the maximum number...

hello can I have some help on this matter please :) thank you a) What is the optimum production quantity? _______units (round your response to the nearest whole number) b) What is the maximum number...

Arthur Meiners is the production manager of Wheel-Rite, a small producer of metal parts. Wheel-Rite supplies Cal-Tex, a larger assembly company, with 10,000 wheel bearings each year. This order has...

Arthur Meiners is the production manager of Wheel-Rite, a small producer of metal parts. Wheel-Rite supplies Cal-Tex, a larger assembly company, with 11,000 wheel bearings each year. This order has...

Arthur Meiners is the production manager of Wheel-Rite, a small producer of metal parts. Wheel-Rite supplies Cal-Tex, a larger assembly company, with 11,400 wheel bearings each year. This order has...

first photo is the question actually needing to be answered. the second photo shows questions A through D EX Score: 0 of 3 pts 9 of 9 19 complete HW Score: 50%, 9 of 18 pt Ed on Problem 12.20...

a) What is the optimum production quantity? _______units (round your response to the nearest whole number) b) What is the maximum number of wheel bearings that will be in inventory at...

a ) What is the optimum production quantity? _______units (round your response to the nearest whole number) b) What is the maximum number of wheel bearings that will be in inventory at...

A sample consisting of n mol of an ideal gas undergoes a reversible isobaric expansion from volume Vi to volume 3Vi. Find the change in entropy of the gas by calculating

(a) The measured Bi - Br bond length in bismuth tribromide, BiBr3, is 2.63 . Based on this value and the data in Figure 7.7, predict the atomic radius of Bi.

Prior to the year 2 0 0 2 , standards governing audits were established through the FASB PCAOB SEC AICPA

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes...