Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I NEED ASAP. CLEAR EXPLANATION. ONLY EXCEL SOLUTION NEEDED. The MRP gross requirements for Item A are shown here for the next 10 weeks. Lead
I NEED ASAP. CLEAR EXPLANATION. ONLY EXCEL SOLUTION NEEDED.
The MRP gross requirements for Item A are shown here for the next 10 weeks. Lead time for A is three weeks and setup cost is $9. There is a carrying cost of $0.010 per unit per week. Beginning inventory is 75 units. |
WEEK | ||||||||||
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | |
Gross requirements | 30 | 35 | 10 | 25 | 75 | 85 | 20 | 65 | 220 | 55 |
Use the least total cost and the least unit cost lot-sizing method to determine what quantity the first order should be released and for which period. |
Quantity Ordered | Period | |
Least total cost | (Click to select) 4 to 6, 4 to 7, 4 to 8, 4 to 9, 4 to 10, 9, 4, 4 to 5, 9 to 10 | |
Least unit cost | (Click to select)9 to 10, 4 to 7, 4 to 6, 4, 4 to 8, 4 to 5, 9, 4 to 9, 4 to 10 | |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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