Please explain.

Your firm is making wooden stools for sale at outdoor and home good stores, such as World Market or Walmart. Each stool is made from one base, one seat, and two bolts. Each base is made from four legs and four screws. You have an arrangement to send 100 stools to World Market's distribution center in week 5 and 200 in week 7. The production lead-time of the stool is 1 week. The lead-time for bolts is 2 weeks, the leadtime for each seat is 3 weeks, and the production lead-time for each base is 1 week. The lead-time for legs is 2 weeks, and the lead-time for screws is 3 weeks. You will receive 300 screws in week 4 and 200 legs in week 2 from previously planned shipments, and you currently have 40 stools and 200 screws in your inventory. Using the above information, please answer the following questions: 1. Draw a bill of materials for the stool. Please include the lead times in your drawing of the bill of materials! 2. Calculate how many of each product (stools, bases, seats, bolts, legs, and screws) in total will be needed to meet this production schedule (DO NOT include currently available inventory in this computation; this is typically done before inventory checks in real MRP). 3. Compute the full MRP for all products and subcomponents using the information you have. Then list the instructions that will come as the output (i.e. result) of that MRP run. Product: \begin{tabular}{|l|l|l|l|l|l|l|l|l|} \hline Period & 0 & 1 & 2 & 3 & 4 & 5 & 6 & 7 \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|l|l|l|l|l|} \hline \begin{tabular}{l} Gross Requirements \\ (Forecasts) \end{tabular} & & & & & & & & \\ \hline Scheduled Receipts & & & & & & & & \\ \hline \begin{tabular}{l} Projected on Hand \\ (Inventory on hand) \end{tabular} & & & & & & & & \\ \hline Net requirements & & & & & & & & \\ \hline Planned Order Releases & & & & & & & & \\ \hline \end{tabular} Product: \begin{tabular}{|l|l|l|l|l|l|l|l|l|} \hline Period & 0 & 1 & 2 & 3 & 4 & 5 & 6 & 7 \\ \hline Gross Requirements & & & & & & & & \\ \hline Scheduled Receipts & & & & & & & & \\ \hline Projected on Hand & & & & & & & & \\ \hline (Inventory on hand) & & & & & & & & \\ \hline Net requirements & & & & & & & & \\ \hline Planned Order Releases & & & & & & & & \\ \hline \end{tabular}