Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

I am having issues working these these 7 accounting problems, I need help answering them Problem 101 Specifications for a part for a DVD player

image text in transcribed

I am having issues working these these 7 accounting problems, I need help answering them

image text in transcribed Problem 101 Specifications for a part for a DVD player state that the part should weigh between 24.6 and 25.6 ounces. The process that produces the parts has a mean of 25.1 ounces and a standard deviation of .26 ounce. The distribution of output is normal. Use Table-A. a. What percentage of parts will not meet the weight specs? (Round your "z" value and final answer to 2 decimal places. Omit the "%" sign in your response.) Percentage of parts _______% b. Within what values will 95.44 percent of sample means of this process fall, if samples of n = 9 are taken and the process is in control (random)? (Round your answers to 2 decimal places.) Lower value ______ , Upper value _________ Problem 1011 Specifications for the computer upgrades are 77 minutes and 81 minutes. Estimate the percentage of process output that can be expected to fall within the specifications. (Round your answer to 1 decimal place. Omit the "%" sign in your response.) SAMPLE 1 2 79.2 82.5 79.5 78.7 80.0 81.0 78.4 80.4 81.0 80.1 3 79.6 79.6 80.6 80.3 80.8 4 78.9 79.3 79.7 79.4 80.6 5 80.2 79.6 80.4 80.8 78.8 6 79.7 80.6 80.4 80.0 81.1 Expected process output _______% Problem 1018 A production process consists of a three-step operation. The scrap rate is 18 percent for the first step and 9 percent for the other two steps. a. If the desired daily output is 492 units, how many units must be started to allow for loss due to scrap? (Do not round intermediate calculations. Round up your final answer to the next whole number.) Number of units _______ b. If the scrap rate for each step could be cut in half at every operation, how many units would this save in terms of the scrap allowance? (Do not round intermediate calculations. Round up your final answer to the next whole number.) Number of units _______ c. If the scrap represents a cost of $10 per unit, how much is it costing the company per day for the original scrap rate (i.e. the Part a scrap rate)? (Round your final answer to the nearest whole number. Omit the "$" sign in your response.) Cost $ ___________ Problem 1018 A production process consists of a three-step operation. The scrap rate is 18 percent for the first step and 9 percent for the other two steps. a. If the desired daily output is 492 units, how many units must be started to allow for loss due to scrap? (Do not round intermediate calculations. Round up your final answer to the next whole number.) Number of units _______ b. If the scrap rate for each step could be cut in half at every operation, how many units would this save in terms of the scrap allowance? (Do not round intermediate calculations. Round up your final answer to the next whole number.) Number of units _______ c. If the scrap represents a cost of $10 per unit, how much is it costing the company per day for the original scrap rate (i.e. the Part a scrap rate)? (Round your final answer to the nearest whole number. Omit the "$" sign in your response.) Cost $ ____________ Problem 1120 Prepare a master schedule given this information: It is now the end of week 1; customer orders are 25 for week 2, 16 for week 3, 11 for week 4, 8 for week 5, and 3 for week 6. Use the MPS rule of ordering production when projected onhand inventory would be negative without production. Suppose that a production lot size of 70 pumps is used. (Leave no cells blank - be certain to enter "0" wherever required.) June 64 2 3 4 30 30 30 Customer orders 33 (Committed) 25 16 11 Projected On-hand Inventory _____ _____ _____ _____ MPS _____ _____ _____ _____ ATP _____ _____ _____ _____ Forecast 1 30 July 64 5 6 7 8 Forecast 40 40 40 40 Customer orders 8 (Committed) 3 Projected On-hand Inventory _____ _____ _____ _____ MPS _____ _____ _____ _____ ATP _____ _____ _____ _____ Problem 122 The following table lists the components needed to assemble an end item, lead times, and quantities on hand. Item LT (wk) End 1 B 2 C 3 D 3 E 1 F 2 G 1 H 2 Amount on hand 0 10 10 25 12 30 5 0 a. If 24 units of the end item are to be assembled, how many additional units of E are needed? (Hint: You don't need to develop an MRP plan to determine this.) Additional units ______ b. An order for the end item is scheduled to be shipped at the start of week 13. What is the latest week that the order can be started and still be ready to ship on time? (Hint: You don't need to develop an MRP plan for this part either.) The latest week ___________ The following table lists the components needed to assemble an end item, lead times (in weeks), and quantities on hand. Item Lead Time End L C K B J G H 1 2 3 3 2 3 3 2 Amount on Hand 10 15 20 30 30 5 Direct Components L(2), C(1), K(3) B(2), J(3) G(2), B(2) H(4), B(2) a. If 40 units of the end item are to be assembled, how many additional units of B are needed? (Hint: You don't need to develop an MRP plan.) Additional units _______ b. An order for the end item is scheduled to be shipped at the start of week 9. What is the latest week that the order can be started and still be ready to ship on time? (Hint: You don't need to develop an MRP plan.) The latest week Problem 129 ___________ Assume that you are the manager of a shop that assembles power tools. You have just received an order for 53 chain saws, which are to be shipped at the start of week 8. Pertinent information on the saws is Item Saw A B C D E F Lead Time (weeks) On Hand 2 15 A(2), B(1), C(4) 1 10 E(3), D(1) 2 5 D(2), F(3) 2 65 E(2), D(2) 1 20 1 10 2 30 Components b. Develop the material requirements plan for component E using lot-for-lot ordering. (Leave no cells blank - be certain to enter "0" wherever required.) Item: E(3) & E(2) LT = 1 wk. Beg. Inv. 1 2 3 4 Gross requirements ____ ___ ___ ___ ___ Scheduled receipts ____ ___ ___ ___ ___ Projected on hand ____ ___ ___ ___ ___ Net requirements ____ ___ ___ ___ ___ Planned order receipt ____ ___ ___ ___ ___ Planned order release ____ ___ ___ ___ ___ Gross requirements 5 ___ 6 ___ 7 ___ 8 ___ Scheduled receipts ___ ___ ___ ___ Projected on hand ___ ___ ___ ___ Net requirements ___ ___ ___ ___ Planned order receipt ___ ___ ___ ___ Planned order release ___ ___ ___ ___ Problem 101 Specifications for a part for a DVD player state that the part should weigh between 24.6 and 25.6 ounces. The process that produces the parts has a mean of 25.1 ounces and a standard deviation of .26 ounce. The distribution of output is normal. Use Table-A. a. What percentage of parts will not meet the weight specs? (Round your "z" value and final answer to 2 decimal places. Omit the "%" sign in your response.) xmean Z score= Z score min=-1.92 Max Z score=1.92 This shows the statistical significance is 97.26% Percentage of parts ___2.74____% b. Within what values will 95.44 percent of sample means of this process fall, if samples of n = 9 are taken and the process is in control (random)? (Round your answers to 2 decimal places.) Lower value __24.58____ , Upper value __25.62_______ Problem 1011 Specifications for the computer upgrades are 77 minutes and 81 minutes. Estimate the percentage of process output that can be expected to fall within the specifications. (Round your answer to 1 decimal place. Omit the "%" sign in your response.) SAMPLE 1 2 79.2 82.5 79.5 78.7 80.0 81.0 78.4 80.4 81.0 80.1 3 79.6 79.6 80.6 80.3 80.8 4 78.9 79.3 79.7 79.4 80.6 5 80.2 79.6 80.4 80.8 78.8 6 79.7 80.6 80.4 80.0 81.1 Expected process output __70.7_____% Problem 1018 A production process consists of a three-step operation. The scrap rate is 18 percent for the first step and 9 percent for the other two steps. a. If the desired daily output is 492 units, how many units must be started to allow for loss due to scrap? (Do not round intermediate calculations. Round up your final answer to the next whole number.) Number of units __660_____ b. If the scrap rate for each step could be cut in half at every operation, how many units would this save in terms of the scrap allowance? (Do not round intermediate calculations. Round up your final answer to the next whole number.) Number of units ___82____ c. If the scrap represents a cost of $10 per unit, how much is it costing the company per day for the original scrap rate (i.e. the Part a scrap rate)? (Round your final answer to the nearest whole number. Omit the "$" sign in your response.) Cost $ __1,675.08_________ Problem 1018 A production process consists of a three-step operation. The scrap rate is 18 percent for the first step and 9 percent for the other two steps. a. If the desired daily output is 492 units, how many units must be started to allow for loss due to scrap? (Do not round intermediate calculations. Round up your final answer to the next whole number.) Number of units ___660____ b. If the scrap rate for each step could be cut in half at every operation, how many units would this save in terms of the scrap allowance? (Do not round intermediate calculations. Round up your final answer to the next whole number.) Number of units c. _82______ If the scrap represents a cost of $10 per unit, how much is it costing the company per day for the original scrap rate (i.e. the Part a scrap rate)? (Round your final answer to the nearest whole number. Omit the "$" sign in your response.) Cost $ 1,675.08 _______ Problem 1120 Prepare a master schedule given this information: It is now the end of week 1; customer orders are 25 for week 2, 16 for week 3, 11 for week 4, 8 for week 5, and 3 for week 6. Use the MPS rule of ordering production when projected onhand inventory would be negative without production. Suppose that a production lot size of 70 pumps is used. (Leave no cells blank - be certain to enter "0" wherever required.) June 64 2 3 4 30 30 30 Customer orders 33 (Committed) 25 16 11 Projected On-hand Inventory _-3__ __2_ ____ _____ MPS _____ _____ _____ _____ ATP _____ _____ _____ _____ Forecast 1 30 July 64 5 6 7 8 Forecast 40 40 40 40 Customer orders 8 (Committed) 3 Projected On-hand Inventory _____ _____ _____ _____ MPS _____ _____ _____ _____ ATP _____ _____ _____ _____ Problem 122 The following table lists the components needed to assemble an end item, lead times, and quantities on hand. Item LT (wk) End 1 B 2 C 3 D 3 E 1 F 2 G 1 H 2 Amount on hand 0 10 10 25 12 30 5 0 a. If 24 units of the end item are to be assembled, how many additional units of E are needed? (Hint: You don't need to develop an MRP plan to determine this.) Additional units ___36___ b. An order for the end item is scheduled to be shipped at the start of week 13. What is the latest week that the order can be started and still be ready to ship on time? (Hint: You don't need to develop an MRP plan for this part either.) The latest week ______5th _____ The following table lists the components needed to assemble an end item, lead times (in weeks), and quantities on hand. Item Lead Time End L C K B J G H 1 2 3 3 2 3 3 2 Amount on Hand 10 15 20 30 30 5 Direct Components L(2), C(1), K(3) B(2), J(3) G(2), B(2) H(4), B(2) a. If 40 units of the end item are to be assembled, how many additional units of B are needed? (Hint: You don't need to develop an MRP plan.) Additional units _290______ b. An order for the end item is scheduled to be shipped at the start of week 9. What is the latest week that the order can be started and still be ready to ship on time? (Hint: You don't need to develop an MRP plan.) The latest week ____1st _______ Problem 129 Assume that you are the manager of a shop that assembles power tools. You have just received an order for 53 chain saws, which are to be shipped at the start of week 8. Pertinent information on the saws is Item Saw A B C D E F Lead Time (weeks) On Hand 2 15 A(2), B(1), C(4) 1 10 E(3), D(1) 2 5 D(2), F(3) 2 65 E(2), D(2) 1 20 1 10 2 30 Components b. Develop the material requirements plan for component E using lot-for-lot ordering. (Leave no cells blank - be certain to enter "0" wherever required.) Item: E(3) & E(2) LT = 1 wk. Beg. Inv. 1 2 3 4 Gross requirements _10__ ___ ___ ___ ___ Scheduled receipts ____ ___ ___ ___ ___ Projected on hand ____ ___ ___ ___ ___ Net requirements ____ ___ ___ ___ ___ Planned order receipt ____ ___ ___ ___ ___ Planned order release ____ ___ ___ ___ ___ Gross requirements 5 ___ 6 ___ 7 ___ 8 ___ Scheduled receipts ___ ___ ___ ___ Projected on hand ___ ___ ___ ___ Net requirements ___ ___ ___ ___ Planned order receipt ___ ___ ___ ___ Planned order release ___ ___ ___ ___

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

Students also viewed these Accounting questions