Rick Wing has a repetitive manufacturing plant producing automobile steering wheels. Use the following data to prepare

Question:

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 305 days.

Annual demand for steering wheels.........30,500

Daily demand ................ 100

Daily production (8 hours) ........... 800

Desired lot size (2 hours of production) ........ 200

Holding cost per unit per year ........... $10

(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?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Operations management

ISBN: 978-0132163927

10th edition

Authors: Jay Heizer, Barry Render

See More Books

Question Posted: Jul 23, 2013 02:38 AM

See More Questions

Bill Penny has a repetitive manufacturing plant producing trailer hitches in Arlington, Texas. The plant has an average inventory turnover of only 12 times per year. He has therefore determined that...
Carol Cagle has a repetitive manufacturing plant producing trailer hitches in Arlington, Texas. The plant has an average inventory turnover of only 12 times per year. She has therefore deter-mined...
Use the following data to calculate GDP, GNP, NNP, national income, personal income, and personal disposable income. PERSONAL CONSUMPTION EXPENDITURES INTEREST CORPORATE PROFIT GOVERNMENT PURCHASES...
In Exercises use a graphing utility to graph the curve represented by the parametric equations. Indicate the direction of the curve. Identify any points at which the curve is not smooth. Curtate...
Why are salary and interest bases used as a means to allocate profits and losses in a partnership?
Describe the location and general function of the pineal gland.
3 What causes conflict to erupt in multicultural teams? How can the risk of conflict be reduced? What are the different kinds of conflict in multicultural teams, and what effect does each kind of...
Juan Real Estate Company (organized as a corporation on April 1, 2013) has completed the accounting cycle for the second year, ended March 31, 2015. Juan has also completed a correct trial balance as...
Early in 2020, Ayayai Equipment Company sold 600 Rollomatics at $5,500 each. During 2020, Ayayai spent $19,000 servicing the 2-year assurance warranties that accompany the Rollomatic. All sales...
A sales representatives orders for May were 16 2/3% less than her April orders, which amounted to $51 120. (a) How much were the sales reps orders in May? (b) By what amount did her orders decrease?
Given the following information about a product, at Phyllis Simons firm, what is the appropriate setup time? Annual demand = 39,000 units Daily demand = 150 units Daily production = 1,000 units...
Mutual Insurance Company of Iowa (MICI) has a major insurance office facility located in Des Moines, Iowa. The Des Moines office is responsible for processing all of MICIs insurance claims for the...
Describe manufacturing costs and non-manufacturing costs. Provide examples of each.
Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity...
Openthe Phetsimulation Charges and Field from this link: ( https://phet.colorado.edu/en/simulation/charges-and-fields ) . In this simulation, a little different model is used: the little yellow "E...
A particle of mass m that is moving along the x-axis is experiencing a restoring force of the form F = -k+x, where kf is the spring constant. The Hamiltonian for this system is given as: = d 2m dx +...
Distinguish carefully between the following terms: i) Resolution and Sensitivity. ii) Type A and Type B evaluations of measurement uncertainty. [30%] (b) Describe two common schemes used for the...
Write out the form of the partial fraction decomposition of the function (See Example). Do not determine the numerical values of the coefficients. (a) +3 x5 + 2x3 A B C x Dx + E ++++ 2+2 6 (b)...
You are a CEO operating under a bonus plan similar to the one assumed by Healy (Section11.3). Explain whether you would react favorably or negatively to an exposure draft of a proposed change in GAAP...
Calculate the electrical conductivity of a fiber-reinforced polyethylene part that is reinforced with 20 vol % of continuous, aligned nickel fibers.
What are the three types of project risk?
Eyewitness News is shown on channel 5 Monday through Friday evenings from 5:00 P.M to 6:00 P.M. During the hour-long broadcast, 18 minutes are allocated to commercials. The remaining 42 minutes of...
The McCoy Family raises cattle on their farm in Virginia. They also have a large garden in which they grow ingredients for making two types of relishchow-chow and tomato. These they sell in 16-ounce...
The McCoy Family raises cattle on their farm in Virginia. They also have a large garden in which they grow ingredients for making two types of relishchow-chow and tomato. These they sell in 16-ounce...
Berbice Inc. has a new project, and you were recruitment to perform their sensitivity analysis based on the estimates of done by their engineering department (there are no taxes): Pessimistic Most...
#3) Seven years ago, Crane Corporation issued 20-year bonds that had a $1,000 face value, paid interest annually, and had a coupon rate of 8 percent. If the market rate of interest is 4.0 percent...
I have a portfolio of two stocks. The weights are 60% and 40% respectively, the volatilities are both 20%, while the correlation of returns is 100%. The volatility of my portfolio is A. 4% B. 14.4%...

Rick Wing has a repetitive manufacturing plant producing automobile steering wheels. Use the following data to prepare

Question:

Step by Step Answer:

a b Using the m...View the full answer

Operations management

Students also viewed these Management Leadership questions