Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can you help me fill the table for each month. I need beginning inventory for each month. Available production for each month. Ending Inventory for

Can you help me fill the table for each month.
I need beginning inventory for each month.
Available production for each month.
Ending Inventory for each month.
Lost Sales
and Total
I thought I had the problem right, but missed as many as I got right. Any help is appreciated.
image text in transcribed
* 37%. Problem 8-8 Shoney Video Concepts produces a line of videodisc players to be linked to personal computers for video games. Videodiscs have much faster access time than tape. With such a computer/video link, the game becomes a very realistic experience. In a simple driving game where the joystick steers the vehicle, for example, rather than seeing computer graphics on the screen, the player is actually viewing a segment of a videodisc shot from a real moving vehicle. Depending on the action of the player (hitting a guard rail, for example), the disc moves virtually instantaneously to that segment and the player becomes part of an actual accident of real vehicles (staged, of course). Shoney is trying to determine a production plan for the next 12 months. The main criterion for this plan is that the employment level is to be held constant over the period. Shoney is continuing in its R&D efforts to develop new applications and prefers not to cause any adverse feelings with the local workforce. For the same reason, all employees should put in full workweeks, even if this is not the lowest-cost alternative. The forecast for the next 12 months is FORECAST DEMAND 600 MONTH FORECAST DEMAND February March 200 300 700 800 810 400 300 May Manufacturing cost is $210 per set, equally divided between materials and labor. Inventory storage cost is $5 per month. A shortage of sets results in lost sales and is estimated to cost an overall $21 per unit short. The inventory on hand at the beginning of the planning period is 210 units. Ten labor hours are required per videodisc player. The workday is Eight hours. Develop an aggregate production schedule for the year using a constant workforce. For simplicity, assume 23 working days each month except July, when the plant closes down for three weeks' vacation (leaving 7 working days). Assume that total production capacity is greater than or equal to total demand. (Leave no cells blank-be certain to enter " wherever required. Negative values should be indicated by a minus sign. Round down your answers to the nearest whole number)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

3. Discuss the process of behavior modeling training.

Answered: 1 week ago