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 9,900 wheel bearings each year. This order has been stable for some time. Setup cost for Wheel-Rite is $39, and holding cost is $0.40 per wheel bearing per year. Wheel-Rite can produce 480 wheel bearings per day. Cal-Tex is a just-in-time manufacturer and requires that 48 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!

A debtor may communicate that the business in which they dealt with you is now bankrupt and continue trading under a different name. What action would you take? Consider in your answer how you would...

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...

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...

Go to Case Analysis Case 38.1, ORX Resources, Inc. v. MBW Exploration, LLC, on pages 741 and 742. Read the excerpt and answer the following questions. (a) Issue: What was the main issue in this case?...

What two things are true when an economy is in equilibrium?

What happens to the total amount of premium paid for an insurance policy when the payment frequency increases? A . Depends on the type of coverage B . No difference in cost C . Decreases D . Increases

Esteban Products produces instructional aids, including white boards, which use colored markers instead of chalk. These are particularly popular for conference rooms in educational institutions and...

Suppose that KMS in Problem 4 decides to initiate a dividend instead, but it wants the present value of the payout to be the same $20 million. If its cost of equity capital is 10%, to what amount per...

Refer to the data provided in Exercise 10-16. In Exercise 10-16. Skold Company produces slacks. Materials for the slacks are dyed in large vats. After dyeing the materials for a given colour, the...

Skold Company produces slacks. Materials for the slacks are dyed in large vats. After dyeing the materials for a given colour, the vats must be cleaned and prepared for the next batch of materials to...

Suppose there are no taxes. Firm ABC has no debt, and firm XYZ has debt of $5000 on which it pays interest of 10% each year. Both companies have identical projects that generate free cash flows of...

QUESTION 1 QUESTION 1 Activity Preceeding Activity Time ES EF LS LF A - 6 0 6 42 48 B - 18 0 18 0 18 C - 4 0 4 30 34 D B 30 18 48 18 48 E A,D 4 48 52 48 52 F C 18 4 22 34 52 G E,F 24 52 76 52 76 1....

2 Think about how information might be gathered on the performance of competencies and/ or completion of objectives.

4 Name four appraisal methods.

8 What problems can occur with appraisal?