Congratulations, the design options for the two mobile phone lines have been specified. You will now...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Congratulations, the design options for the two mobile phone lines have been specified. You will now have to predict the total demand for each product line. Your forecasting team members have come up with a consensus for what they believe demand will be for the mobile phone lines. However, the board of your company is interested in your personal estimates as well. The numbers you will forecast after entering the forecasting room will not affect your production schedule, but they will help you later as you determine where and how to source your products. Model A: Monthly Estimated Demand May-December in thousands per month Average:59 11 Andrei Aya Lorenzo Claire Byron Ruth Consensus 020406080 Consensus: 64 Model B: Monthly Estimated Demand May-December in thousands per month Average: 29 14 Andrei Aya Lorenzo Claire Byron Ruth Consensus 020406080 Unit Data with Options as Chosen costs are an estimate from the lowest-cost contract manufacturer Unit Price Unit Cost Unit Profit Model A Model B $235.00 $275.00 $162.00 $182.00 $73.00 $93.00 $54.60 $5.50 Markdown (liquidation) Price* $145.80 Monthly Holding Cost $4.70 *at the end of the year, all models left in stock will be sold to a consolidator at this price Enter your demand estimates This is your forecast for what monthly demand will be each month from May through December. There is no demand expected from January through April. Model A Model B k/month k/month Congratulations, the design options for the two mobile phone lines have been specified. You will now have to predict the total demand for each product line. Your forecasting team members have come up with a consensus for what they believe demand will be for the mobile phone lines. However, the board of your company is interested in your personal estimates as well. The numbers you will forecast after entering the forecasting room will not affect your production schedule, but they will help you later as you determine where and how to source your products. Model A: Monthly Estimated Demand May-December in thousands per month Average:59 11 Andrei Aya Lorenzo Claire Byron Ruth Consensus 020406080 Consensus: 64 Model B: Monthly Estimated Demand May-December in thousands per month Average: 29 14 Andrei Aya Lorenzo Claire Byron Ruth Consensus 020406080 Unit Data with Options as Chosen costs are an estimate from the lowest-cost contract manufacturer Unit Price Unit Cost Unit Profit Model A Model B $235.00 $275.00 $162.00 $182.00 $73.00 $93.00 $54.60 $5.50 Markdown (liquidation) Price* $145.80 Monthly Holding Cost $4.70 *at the end of the year, all models left in stock will be sold to a consolidator at this price Enter your demand estimates This is your forecast for what monthly demand will be each month from May through December. There is no demand expected from January through April. Model A Model B k/month k/month
Expert Answer:
Answer rating: 100% (QA)
Solution Here are my demand forecasts for Models A and B Model A May 65000 June 68000 July 70000 Aug... View the full answer
Related Book For
Project Management The Managerial Process
ISBN: 9781260570434
8th Edition
Authors: Eric W Larson, Clifford F. Gray
Posted Date:
Students also viewed these general management questions
-
Natureview Farm It was a crisp Vermont morning in February 2000. Christine Walker, vice president of marketing for Natureview Farm, Inc., a small yogurt manufacturer, paused to collect her thoughts...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
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...
-
What is a Java package, and what is its purpose?
-
What principal will earn $39.96 interest from June 18, 2017, to December 15, 2017, at 9.25%?
-
Kanga Cairns Ltd owns two blocks of beachfront land, acquired in 2019 for the purposes of future residential development. Block A cost $250 000 and Block B cost $350 000. Valuations of the blocks are...
-
Consider \(f(x)=4 \sin ^{3} 2 x\). a. Derive the trigonometric identity giving \(\sin ^{3} \theta\) in terms of \(\sin \theta\) and \(\sin 3 \theta\) using DeMoivre's Formula. b. Find the Fourier...
-
Bell Company, a manufacturer of audio systems, started its production in October 2012. For the preceding 3 years, Bell had been a retailer of audio systems. After a thorough survey of audio system...
-
Economic ordering quantity Fisk Corporation istrying to improve its inventory control system and has installed anonline computer at its retail stores. Fisk anticipates sales of49,000 units per year 2...
-
Jeff Harris owns an appliance store. On January 1 he borrowed 50,000 dollars for improvements to the store from BBT, who took a security interest in all of the equipment and fixtures in the store. On...
-
What is the difference between brand marketing and direct marketing? When do you use brand marketing? When do you use direct marketing? Which can be measured and how? Name a company that makes...
-
A biochemist has put in solution a protein with a very high molecular weight. The protein starts sedimenting. a). Explain in words and illustrate with a drawing each of the 3 forces that act on the...
-
A rock is thrown downward with an initial velocity of 3 feet/sec from the top of a cliff. (Remember, the acceleration of a falling object is 32 ft/sec.) Identify the function that describes the...
-
Where is CSF produced? Describe how it circulates listing the structures that it passes through before it gets recycled into the circulation. What is the function of CSF?
-
Discuss the structure and function of telomeres, focusing on their role in cellular aging and the implications for telomere shortening in age-related diseases and cancer .
-
Green Tech Limited will be issuing bonds for the purpose of financing a new environmentally friendly waste management system on 1st June 2019. The bond will reach maturity exactly after 25 years from...
-
Question What is the differences in strategy between Choice Hotels and Marriott. Both companies have a BBB debt rating from Standard & Poor's. This is the lowest investment grade rating and indicates...
-
Don Griffin worked as an accountant at a local accounting firm for five years after graduating from university. Recently, he opened his own accounting practice, which he operates as a corporation....
-
Calculate the direct and total direct costs of labor for a project team member using the following data: Hourly rate: $50/hr Hours needed: 100 Overhead rate: 30%
-
1 . Can you identify personal examples of white elephants? 2 . What else do you think Olympic organizers could do to make the event more sustainable?
-
Why do organizations use the percent complete instead of the cheaper, easier pseudo-earned value percent approach?
-
1. YOU BE THE JUDGE WRITING PROBLEM Process cheese food slices must contain at least 51 percent natural cheese. Imitation cheese slices, by contrast, contain little or no natural cheese and consist...
-
2. Josephine Rutyna was a 60-year-old widow who suffered from high blood pressure and epilepsy. A bill collector from Collections Accounts Terminal, Inc., called her and demanded that she pay $56 she...
-
3. Thomas Pinner worked at a Sherwin-Williams paint store that was managed by James Schmidt. Pinner and Schmidt had a falling out when, according to Pinner, "a relationship began to bloom between...
Study smarter with the SolutionInn App