answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kolezko
1 month ago
6

A repetitive manufacturing firm is planning on level material use. The following information has been collected. Currently, the

firm operates 250 days per year.
Annual demand

22,000

Daily demand

88

Daily production

250

Desired lot size (2 hours of production)

63

Holding cost per unit per year

$40

a) What is the setup cost, based on the desired lot size?

b) What is the setup time, based on $40 per hour setup labor?
Business
1 answer:
Scilla [3.2K]1 month ago
8 0

Answer:

setup cost = $1.75

setup time = 2.625 min

Explanation:

given data

The firm operates for 250 days annually.

Annual demand is 22,000.

Daily demand is 88.

Daily production stands at 250.

Desired lot size is set at 63 (equivalent to 2 hours of output).

Holding costs are $40 per unit each year.

To determine

the setup cost and setup time

solution

The setup cost is calculated as

setup cost = \frac{Q^2*H*(1-\frac{d}{p})}{2D}......................1

Here, Q represents the desired lot size, H is the holding cost, d denotes daily demand, D is annual demand, and p is the daily output.

Plugging in the values,

setup cost = \frac{63^2*40*(1-\frac{88}{250})}{2*22000}

setup cost = \frac{2969*40*(0.648)}{44000}

setup cost = $1.75

Next,

the setup time is given by

setup time = \frac{setup\ cost}{setup\ labor}....................2

setup time = \frac{1.75*60min/hr}{40}

setup time = 2.625 min

You might be interested in
In Porter's Five Forces model, conditions under which a supplier group can be powerful include all the following except:
Scilla [3212]

Answer:

D) readily available substitute products.

Clarification:

Porter's five forces cover the following aspects

  1. Threat of new entrants
  2. Supplier bargaining power
  3. Buyer bargaining power
  4. Substitution threats

A) low significance of the buyer to the supplier group.

True. Buyers possess less bargaining leverage when compared to suppliers.

B) significant differentiation by suppliers.

True. Greater differentiation offers a competitive edge and promotes market rivalry.

C) control exerted by a small number of suppliers.

True. This falls under the threat of new entries since a limited number of suppliers create barriers such as capital and licensing needs to deter new competitors.

D) readily available substitute products.

False. This suggests an abundance of suppliers ready to provide alternatives, weakening supplier power.

7 0
1 month ago
One section of the evaluation form used at TrueBlue lists the traits of initiative, independence, cooperation, attention to deta
marusya05 [3049]

Answer:

B

Explanation:

The Graphic Rating Scale is employed for assessing performance. This evaluation tool lists various traits, similar to how TrueBlue identifies characteristics like initiative, independence, cooperation, attention to detail, and punctuality, which are rated using a poor-to-excellent scale.

Many organizations utilize this evaluation method to assess employee performance.

6 0
1 month ago
Which of the following is NOT a factor that favors effective team behavior? Close physical layout of team members Leadership tha
Mariulka [3135]
A team ought to allocate rewards collectively rather than to individuals, as successful teams thrive on collaboration instead of rivalry. Providing rewards to individuals based on their contributions can diminish team effectiveness. For instance, if specific team members receive preferential treatment, it could foster competitiveness among them.
5 0
12 days ago
Karen made a commission of $3,522.75 on the sale of a property. she split her commission equally with her broker which is 50% to
Mariulka [3135]

Karen dividió su comisión a partes iguales con su corredor, por lo que ella recibe:

Comisión de Karen = $3,522.75 × 0.5 = $1,761.375

El corredor de Karen se llevó el 55 % del total de la comisión, por lo que Karen obtiene solo el 45 % del total. Entonces, la comisión total debe ser:

Comisión total = $1,761.375 ÷ 0.45 = $3,914.17

Con una tasa del 7 %, el precio de venta del inmueble es:

Precio de venta = $3,914.17 ÷ 0.07

<span>Precio de venta = $55,917</span>

6 0
1 month ago
Mr. Algazi provides the information his client has requested through a voice message.
Nady [2919]

Answer:Hello! I'm working through this question for you!

Explanation:

6 0
9 days ago
Other questions:
  • A pharmacy company wants to add flu shots to its list of services. It releases a code for free shots online using____ . It creat
    13·2 answers
  • It is March 31, 2014. What is the latest reported number of E-Bay shares beneficially owned by the company’s CEO? Please provide
    7·1 answer
  • what percentage of motorists have witnessed an act of aggressive driving in the past year, according to the Citizens For Roadsid
    13·2 answers
  • Barbara, a product manager at an organic soap manufacturing company, is supposed to interview a candidate for a new job opening
    8·1 answer
  • Peter, who works at a go-kart manufacturing company, parts for karts co., became aware after talking with co-workers that he was
    5·1 answer
  • During 2017, Kew Company, a service organization, had $200,000 in cash sales and $3,000,000 in credit sales. The accounts receiv
    10·1 answer
  • A company's strategic weapon is any product, service, or other attribute it has that ________.
    10·2 answers
  • Mary will receive $12,000 per year for the next 10 years as royalty for her work on a finance book. What is the present value of
    12·1 answer
  • . Acme Parts runs a small factory and employs workers who are paid one of three hourly rates depending on their shift: first shi
    14·1 answer
  • A stock index is valued at $800 and pays a continuous dividend at the rate of 3% per year. The 6-month futures contract on that
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!