The seven-month demand for product X is as follows: 500; 6,000: 2.000: 1,500: 4.000: 5.500; and...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The seven-month demand for product X is as follows: 500; 6,000: 2.000: 1,500: 4.000: 5.500; and 6.500. You planned to use a level production rate of 4.000 unit per month. a. Determine the inventory level per month. (10 pts.) b. If currently. the company has 18 workers, determine if you will hire or fire workeris. The labor standard is 0.64 hours, and the regular hours are 160. (20 pts.) c Compute the cost of the production plan above using the following information: material=P30.00; labor=P9.60; overtime P14.40: hiring-P500.00: firing=P750: and holding=P5.00/unit. (10 pts.) d. You changed your strategy: instead of level. you opted to use chase, determine the number of worker/s needed per month. (20 pts.) e. Compute the cost of the production plan of letter d. (10 pts.) The seven-month demand for product X is as follows: 500; 6,000: 2.000: 1,500: 4.000: 5.500; and 6.500. You planned to use a level production rate of 4.000 unit per month. a. Determine the inventory level per month. (10 pts.) b. If currently. the company has 18 workers, determine if you will hire or fire workeris. The labor standard is 0.64 hours, and the regular hours are 160. (20 pts.) c Compute the cost of the production plan above using the following information: material=P30.00; labor=P9.60; overtime P14.40: hiring-P500.00: firing=P750: and holding=P5.00/unit. (10 pts.) d. You changed your strategy: instead of level. you opted to use chase, determine the number of worker/s needed per month. (20 pts.) e. Compute the cost of the production plan of letter d. (10 pts.)
Expert Answer:
Answer rating: 100% (QA)
Date DELTA Pg No Ouery quitead Compary should moduine as Date DELTA Pg No o ducuie u000 each mouts n... View the full answer
Related Book For
Managerial Economics and Business Strategy
ISBN: 978-0071267441
7th Edition
Authors: Michael R. baye
Posted Date:
Students also viewed these economics questions
-
The demand curve for product X is given by Qdx = 460 = 4Px. a. Find the inverse demand curve. b. How much consumer surplus do consumers receive when Px = $35? c. How much consumer surplus do...
-
The supply curve for product X is given by Qsx = 340 + 10Px. a. Find the inverse supply curve. b. How much surplus do producers receive when Qx = 350? When Qx = 1,000?
-
The demand curve for product X is given by Qdx = 300 - 2Px. a. Find the inverse demand curve. b. How much consumer surplus do consumers receive when Px = $ 45? c. How much consumer surplus do...
-
Question B3 [2 points]. Examine, analytically and graphically in a diagramme drawn in the PD-z space, the effects of the increase in i*, and show that in the new equilibrium domestic prices can be...
-
Markets usually allocate resources in a manner that creates the greatest net benefit to society. An efficient allocation is one that maximizes the net benefits to society. Indicate whether each of...
-
A daily power consumption profile of a customer is shown in the table below, where the kilowatt loads are averaged over the period listed and kilovolt-ampere demand meter readings are peak values...
-
What pressure gradient along the streamline, \(d p / d s\), is required to accelerate water upward in a vertical pipe at a rate of \(30 \mathrm{ft} / \mathrm{s}^{2}\) ? What is the answer if the flow...
-
Your friend, Diana Wood, recently completed the second year of her business and just received annual financial statements from her accountant. Wood finds the income statement and balance sheet...
-
The Village of Seaside Pines prepared the following enterprise fund Trial Balance as of December 31, 2024, the last day of its fiscal year. The enterprise fund was established this year through a...
-
Your grandfather urged you to begin a habit of saving money early in your life. He suggested that you put $5 a day into an envelope. If you follow his advice, at the end of the year you will have...
-
A solid constant-diameter circular shaft is subjected to torques TA = 420 lb ft, TB = 1,040 lb ft, Tc = 850 lb. ft, and Tp = 230 lb-ft, acting in the directions shown in Figure 6.5. The bearings...
-
E. A: LIOH, B: fructose, C: CaCO3 8. An analytical procedure requires a solution of chloride ions. How many grams of AICI, (Molar mass= 133g/mol) must be dissolved to make 2.00L of 0.150 M CI? A....
-
Based on the AHf data given, which compound is the most stable? HS(g), -20.6 kJ/mol NH4(g), +94.5 kJ/mol O PH3(g), +5.4 kJ/mol NH3(g), -46.4 kJ/mol NO4(g), +9.7 kJ/mol
-
16 Methanol is often used as an "antifreeze" for windshield washer fluid. How many moles of methanol would have to be added to 1000g of water to lower the freezing point of water to -20C? The...
-
What will be the current of electricity in 20m when 0.012mole of oxygen molecule during the electrolysis of dilute CUS04 solution [if =96500]
-
A chemical reaction is run in which 188 Joules of heat are generated and 264 Joules of work is done on the system. Calculate the change in the internal energy of the chemical system.
-
du command is used to a . . how much free space available in all the directories b . . how much disk space the files in the current directory consumed c . . how much disk space the files in all the...
-
Explain why each of the following is either a private good or a public good: traffic lights, in line skates, a city park, a chicken salad sandwich, a tennis racket, national defense, a coastal...
-
Recently, the Boeing Commercial Airline Group (BCAG) recorded orders for more than 15,000 jetliners and delivered more than 13,000 airplanes. To maintain its output volume, this Boeing division...
-
1. Suppose that Honda is on the verge of signing a 15-year contract with TRW to supply airbags. The terms of the contract include providing Honda with 85 percent of the airbags used in new...
-
A firm??s fixed costs for 0 units of output and its average total cost of producing different output levels are summarized in the table below. Complete the table to find the fixed cost, variable...
-
A and B contribute $20,000 each to form the AB partnership and agree to share profits and losses 80% to A and 20% to B. ABs partnership items for the year are as follows: (a) What is As portion of...
-
A and B form the AB equal general partnership. A contributes \($10,000\) cash and a depreciable asset with an adjusted basis of \($40,000\) and a fair market value of \($90,000.\) B contributes...
-
Which of the following taxpayers is engaged in a specified service trade or business? (a) A lawyer (b) An architect (c) A professional soccer player (d) A freelance writer who publishes articles and...
Study smarter with the SolutionInn App