Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please solve 5 and 6 Your company is a manufacturing company specializing in machining processes. Your company has received a contract to supply the below

image text in transcribed

please solve 5 and 6

Your company is a manufacturing company specializing in machining processes. Your company has received a contract to supply the below mentioned part to one of your important customers. The contract and manufacturing data is as below: Part Name Monthly Ordered Quantity Supply (Contract) Period Supply Frequency Agreed Selling Price With Customer Purchased Part Price From Vendor (Casting) : Costs: Direct Labour Cost per Person Direct Consumable Cost (total) Indirect Cost (Overhead \& Administration) Fixed (Depreciation) Cost Available Production Time Normal Cycle Time Allowance Factor Rejection Plate Cover 16,000 pcs. 5 years weekly at equal quantity $4.00/ piece $2.50/ piece $0.15/min $0.10/min 50% of Total Direct Cost Depend on chosen machines 80 hours/week No excess inventory is allowed. See tables 15% Assume zero reject Note: NT includes loading \& unloading time ( 1/3 of NT). Note: All machines are depreciated over the contract period. Based on the data given: 1) Select the best type of manufacturing system to be adopted and state your reasons for selection. 2) Describe the manufacturing processes and their flow. 3) Show the layout of your manufacturing facilities. 4) Proposed the manufacturing supports system and state reasons for having such functions. 5) Show your production capacity. 6) Calculate the unit profit and the yearly profit of your business. What is the payback period (in months) of your investment

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_2

Step: 3

blur-text-image_3

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

Heat Transfer

Authors: Jack Holman

10th edition

73529362, 978-0073529363

More Books

Students also viewed these Mechanical Engineering questions

Question

Why is interest ignored when recording accounts payable?

Answered: 1 week ago

Question

How messages are transfered in details?

Answered: 1 week ago

Question

x-3+1, x23 Let f(x) = -*+3, * Answered: 1 week ago

Answered: 1 week ago