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I know I am only suppose to provide one question and I understand if you can only do one. I don't have much monthly questions
I know I am only suppose to provide one question and I understand if you can only do one. I don't have much monthly questions left.
1. Your company has compiled the following data on the small set of products that comprise the specialty repair parts division. a) Perform ABC analysis on the data. b) Over which product do you suggest the firm keep the least control? c) Over which product do you suggest the firm keep the tightest control? 2. Montegut Manufacturing produces a product for which the annual demand is 10,000 units. Production averages 80 units per day, while demand is 60 units per day. Holding costs are $5.00 per unit per year, and setup cost is $200.00. (a) If the firm wishes to produce this product in economic batches, what size batch should be used? (b) What is the maximum inventory level? (c) How many order cycles are there per year? (d) What are the total annual setup and holding costsStep by Step Solution
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