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A chemical firm produces sodium bisulfate in 100-pound bags. Demand for this product is 25 tons per day. The capacity for producing the product is 50 tons per day. Setup costs $100, and storage and handling costs are $6 per ton a year. The firm operates 200 days a year.
a.How many bags per run are optimal? (Round your answer to the nearest whole number.) b.What would the average inventory be for this lot size? (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole number.)
c.Determine the approximate length of a production run, in days. (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole number.)
d.About how many runs per year would there be? (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole number.) e.How much could the company save annually if the setup cost could be reduced to $31 per run? (Round your intermediate calculations and final answer to 2 decimal places. Omit the "tiny_mce_markerquot; sign in your response.)
Rolanda suggests that Mary Ann hire an accountant to audit the financial statements. Mary Ann is not sure what an audit involves. Explain auditing.
Using the data of question 9, suppose the manufacturer has an inflated demand forecast as follows: Quantity Probability 2,200 5% 2,300 6% 2,400 10% 2,500 17% 2,600 30% 2,700 17% 2,800 12% 2,900 3%
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What is Handis expected total procurement cost given the number of purchased options from part f?
evaluate how the consistency, consonance, advantage, and feasibility strategies has either improved or degraded the financial performance of the corporation.
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Given the projected demands for the next six months, prepare an aggregate plan that uses inventory, regular time, overtime, subcontract and backorders. Regular time is limited to 170 units per month (Cost per Unit = $30 ).
Your project should state your product choice also provide some background on illustrate what it is, company information, etc. Once you have established product, then you can break project into five environments also research also report.
Under the objective theory of contract, the intention to enter into a contact is judged by outward, objective facts as interpreted by a reasonable person.
Your company, a large online high school, is planning to implement a new innovative social networking technology for their students.
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