Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
Baker Manufacturing Company forecasts the following demand for a product (in thousands of units) over the next five years. 2 3 126 128 4 130
Baker Manufacturing Company forecasts the following demand for a product (in thousands of units) over the next five years. 2 3 126 128 4 130 Year Forecast Demand Year Additional machines needed Currently the manufacturer has six machines that operate on a two-shift (eight hours each) basis. Twenty days per year are available for scheduled maintenance of equipment. Assume there are 250 workdays in a year. Each manufactured good takes 32 minutes to produce. a. What is the effective capacity of the factory? Round your answer down to the nearest whole number and use this answer in subsequent computations. 1 units/year b. Given the five-year forecast, how much extra capacity is needed each year? Round your answers to the nearest whole number. Year 1 Extra capacity needed (units) C. Does the firm need to buy more machines? If so, how many? When? If your answer is zero, enter "0". Round your answers up to the nearest whole number. 1 116 2 2 3 5 129 3 4 4 5 5 Baiker Manufacturng Company forecasts the followng demand for a peoduct (in thousands of units) over the next five vears Currendy the manufacturer has sx machies that operate on a two-shft (eicht hours each) bass. Twenty days per year are avalable for scheduied mantenance of equpm Assume there are 250 workdays in a year. Each manufoctured pood takes 32 muntes to produce. a. What is the effective capaoty of the factory? Round your answer down to the nearest whole number and use this answer in subsequent computatons. units/year b. Gven the five year forecast, how much extra capacty is needed cach year? Round your answers to the nearest whole number
Baker Manufacturing Company forecasts the following demand for a product (in thousands of units) over the next five years. 2 3 126 128 4 130 Year Forecast Demand Year Additional machines needed Currently the manufacturer has six machines that operate on a two-shift (eight hours each) basis. Twenty days per year are available for scheduled maintenance of equipment. Assume there are 250 workdays in a year. Each manufactured good takes 32 minutes to produce. a. What is the effective capacity of the factory? Round your answer down to the nearest whole number and use this answer in subsequent computations. 1 units/year b. Given the five-year forecast, how much extra capacity is needed each year? Round your answers to the nearest whole number. Year 1 Extra capacity needed (units) C. Does the firm need to buy more machines? If so, how many? When? If your answer is zero, enter "0". Round your answers up to the nearest whole number. 1 116 2 2 3 5 129 3 4 4 5 5
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started