Wilson Publishing Company produces books for the retail market. Demand for a current book is expected...
Wilson Publishing Company produces books for the retail market. Demand for a current book is expected to occur at a constant annual rate of 7,300 copies. The cost of one copy of the book is $14. The holding cost is based on an 17% annual rate, and production setup costs are $160 per setup. The equipment on which the book is produced has an annual production volume of 20,500 copies. Wilson has 250 working days per year, and the lead time for a production run is 17 days. Use the production lot size model to compute the following values:
Minimum cost production lot size. Round your answer to the
nearest whole number. Do not round intermediate values.
Q* =
Number of production runs per year. Round your answer to two
decimal places. Do not round intermediate values.
Number of production runs per year =
Cycle time. Round your answer to two decimal places. Do not
round intermediate values.
T = days
Length of a production run. Round your answer to two decimal
places. Do not round intermediate values.
Production run length = days
Maximum inventory. Round your answer to the nearest whole
number. Do not round intermediate values.
Maximum inventory =
Total annual cost. Round your answer to the nearest dollar. Do
not round intermediate values.
Total annual cost = $
Reorder point. Round your answer to the nearest whole number. Do
not round intermediate values.
r =
Homework Answers
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Wilson Publishing Company produces books for the retail market.
Demand for a current book is expected...
Wilson Publishing Company produces books for the retail market. Demand for a current book is expected...
Wilson Publishing Company produces books for the retail market. Demand for a current book is expected to occur at a constant annual rate of 6,800 copies. The cost of one copy of the book is $14. The holding cost is based on an 21% annual rate, and production setup costs are $155 per setup. The equipment on which the book is produced has an annual production volume of 22,500 copies. Wilson has 250 working days per year, and the lead...
For Practice Only Wilson Publishing Company produces books for the retail market. Demand for a current...
For Practice Only
Wilson Publishing Company produces books for the retail market. Demand for a current book is expected to occur at a constant annual rate of 7,400 copies. The cost of one copy of the book is $14.5. The holding cost is based on an 17% annual rate, and production setup costs are $145 per setup. The equipment on which the book is produced has an annual production volume of 24,000 copies. Wilson has 250 working days per year,...
Problem 10-13 (Algorithmic) Wilson Publishing Company produces books for the retail market. Demand for a current...
Problem 10-13 (Algorithmic) Wilson Publishing Company produces books for the retail market. Demand for a current book is expected to occur at a constant annual rate of 7,300 copies. The cost of one copy of the book is $14.5. The holding cost is based on an 16% annual rate, and production setup costs are $160 per setup. The equipment on which the book is produced has an annual production volume of 23,500 copies. Wilson has 250 working days per year,...
There are 3 Problems: The Metropolitan Bus Company (MBC) purchases diesel fuel from American Petroleum Supply. In addition to the fuel cost, American Petroleum Supply charges MBC $300 per order to co...
There are 3 Problems:
The Metropolitan Bus Company (MBC) purchases diesel fuel from American Petroleum Supply. In addition to the fuel cost, American Petroleum Supply charges MBC $300 per order to cover the expenses of delivering and transferring the fuel to MBC's storage tanks. The lead time for a new shipment from American Petroleum is 10 days; the cost of holding a gallon of fuel in the storage tanks is S0.03 per month, or $0.36 per year; and annual fuel...
The Friendly Sausage Factory (FSF) can produce hot dogs at a rate of 4,750 per day....
The Friendly Sausage Factory (FSF) can produce hot dogs at a rate of 4,750 per day. FSF supplies hot dogs to local restaurants at a steady rate of 230 per day. The cost to prepare the equipment for producing hot dogs is $63. Annual holding costs are 43 cents per hot dog. The factory operates 293 days a year. a. Find the optimal run size. (Do not round intermediate calculations. Round your answer to the nearest whole number.) Optimal run...
The Friendly Sausage Factory (FSF) can produce hot dogs at a rate of 5,000 per day....
The Friendly Sausage Factory (FSF) can produce hot dogs at a rate of 5,000 per day. FSF supplies hot dogs to local restaurants at a steady rate of 240 per day. The cost to prepare the equipment for producing hot dogs is $64. Annual holding costs are 44 cents per hot dog. The factory operates 294 days a year. a. Find the optimal run size. (Do not round intermediate calculations. Round your answer to the nearest whole number.) Optimal run...
Problem 13-9 The Friendly Sausage Factory (FSF) can produce hot dogs at a rate of 5,000...
Problem 13-9 The Friendly Sausage Factory (FSF) can produce hot dogs at a rate of 5,000 per day. FSF supplies hot dogs to local restaurants at a steady rate of 240 per day. The cost to prepare the equipment for producing hot dogs is $66. Annual holding costs are 45 cents per hot dog. The factory operates 292 days a year a. Find the optimal run size. (Do not round intermediate calculations. Round your answer to the nearest whole number.)...
Question 1 options: JL.51 Carl's Custom Cans produces small containers which are purchased by can...
Question 1 options: JL.51 Carl's Custom Cans produces small containers which are purchased by candy and snack food producers. The production facility operates 300 days per year and has annual demand of 15,000 units for one of its custom cans. They can produce up to 100 of these cans each day. It costs $60 to set up one of their production lines to run this can. (Carl pays $12 per hour for setup labor.) The cost of each can is...
Problem 27-6 Using Weighted Average Delay A mail-order firm processes 6,300 checks per month. Of these, 70 percent are for $53 and 30 percent are for $85. The $53 checks are delayed two days on avera...
Problem 27-6 Using Weighted Average Delay A mail-order firm processes 6,300 checks per month. Of these, 70 percent are for $53 and 30 percent are for $85. The $53 checks are delayed two days on average; the $85 checks are delayed three days on average. Assume 30 days per month a-1.What is the average daily collection float? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Average daily collection float 210 a-2. How...
Rick Wing has a repetitive manufacturing plant producing automobile steering wheels. Use the following data to...
Rick Wing has a repetitive manufacturing plant producing automobile steering wheels. Use the following data to prepare for a reduced lot size. The firm uses a work year of 290 days. Setup labor cost Annual holding cost $60.00 per hour $13 per unit 960 units/day Daily production (8 hours) Annual demand for steering wheels 31,900 (290 days x daily demand of 110 units) Desired lot size (2 hours of production) Q 240 units a) Setup cost = $ (round your...
For Practice Only
Wilson Publishing Company produces books for the retail market. Demand for a current book is expected to occur at a constant annual rate of 7,400 copies. The cost of one copy of the book is $14.5. The holding cost is based on an 17% annual rate, and production setup costs are $145 per setup. The equipment on which the book is produced has an annual production volume of 24,000 copies. Wilson has 250 working days per year,...
There are 3 Problems:
The Metropolitan Bus Company (MBC) purchases diesel fuel from American Petroleum Supply. In addition to the fuel cost, American Petroleum Supply charges MBC $300 per order to cover the expenses of delivering and transferring the fuel to MBC's storage tanks. The lead time for a new shipment from American Petroleum is 10 days; the cost of holding a gallon of fuel in the storage tanks is S0.03 per month, or $0.36 per year; and annual fuel...
Problem 13-9 The Friendly Sausage Factory (FSF) can produce hot dogs at a rate of 5,000 per day. FSF supplies hot dogs to local restaurants at a steady rate of 240 per day. The cost to prepare the equipment for producing hot dogs is $66. Annual holding costs are 45 cents per hot dog. The factory operates 292 days a year a. Find the optimal run size. (Do not round intermediate calculations. Round your answer to the nearest whole number.)...
Problem 27-6 Using Weighted Average Delay A mail-order firm processes 6,300 checks per month. Of these, 70 percent are for $53 and 30 percent are for $85. The $53 checks are delayed two days on average; the $85 checks are delayed three days on average. Assume 30 days per month a-1.What is the average daily collection float? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Average daily collection float 210 a-2. How...
Rick Wing has a repetitive manufacturing plant producing automobile steering wheels. Use the following data to prepare for a reduced lot size. The firm uses a work year of 290 days. Setup labor cost Annual holding cost $60.00 per hour $13 per unit 960 units/day Daily production (8 hours) Annual demand for steering wheels 31,900 (290 days x daily demand of 110 units) Desired lot size (2 hours of production) Q 240 units a) Setup cost = $ (round your...
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