Problem 6 - Based on the data provided in the table below is t.docxdessiechisomjj4
Problem 6 - Based on the data provided in the table below is this new forecasting technique biased? If so how is it biased? Calculate tracking signal values. Is there any evidence this New Forecast should not be used?
Actual
New
Period
Demand
Forecast
1
630
810
2
765
700
3
770
700
4
860
705
5
910
740
6
740
810
7
750
820
8
815
1000
9
1250
850
10
1360
1285
11
1430
1450
12
The owner of a small mill-working plant that builds cabinets is developing his aggregate plan for the next year. The relevant cost data and forecast for the next 4 quarters is provided below. The company currently has 12 employees and works one 8 hour shift each day with 2 paid 15 minute breaks. Assume each quarter has 65 working days, and that it currently has no units in stock. Use this information and the information from the table to answer the questions below.
Costs
Forecast
Other Data
Holding Cost/Unit/Quarter
$25.00
Qtr 1
1500
Labor Hours/Unit
4.5
Hiring Cost
$2,500.00
Qtr 2
1200
Beginning Inventory
0
Layoff Cost
$3,500.00
Qtr 3
2100
Subcontract Cost
$135.00
Qtr 4
1650
Avg. Labor Cost/Hour
$18.00
Overtime Labor Cost/Hour
$27.00
Part I
1) If the company used a chase demand startegy and rounded any fractional number of employees to the nearest whole number, how many employees would be used in each quarter?
2) If the company used a level capacity strategy and rounded any fractional number of employees to the nearest whole number, how many employees would be used?
Period
1
2
3
4
Forecast
1500
1200
2100
1650
Hours Req.
Workers Req.
Workers Used
Part II
Assume the company wants to use a Level Capacity Strategy with 14 employees (Round the Production in each period to the nearest whole number). In any period where on-hand inventory and production do not meet demand the company would supplement with overtime production. Use the table below to calculate the total costs associated with using this plan.
Q3) What would the overtime production cost be for this plan?
Q4) What would theTotal Cost be for this plan?
Level Capacity Aggregate Plan
Period
1
2
3
4
Forecast
1500
1200
2100
1650
Workers Used
14
14
14
14
Hire/(Fire)
Production
Production - Forecast
Beginning Inventory
Ending Inventory
Average Inventory
Overtime Production
Total Cost
Hiring Cost
Firing Cost
Reg. Output
O.T.
Subcontract
Inventory
Backorder
Total Cost:
Total Cost For Plan
1200
850
.
Problem 6 - Based on the data provided in the table below is t.docxdessiechisomjj4
Problem 6 - Based on the data provided in the table below is this new forecasting technique biased? If so how is it biased? Calculate tracking signal values. Is there any evidence this New Forecast should not be used?
Actual
New
Period
Demand
Forecast
1
630
810
2
765
700
3
770
700
4
860
705
5
910
740
6
740
810
7
750
820
8
815
1000
9
1250
850
10
1360
1285
11
1430
1450
12
The owner of a small mill-working plant that builds cabinets is developing his aggregate plan for the next year. The relevant cost data and forecast for the next 4 quarters is provided below. The company currently has 12 employees and works one 8 hour shift each day with 2 paid 15 minute breaks. Assume each quarter has 65 working days, and that it currently has no units in stock. Use this information and the information from the table to answer the questions below.
Costs
Forecast
Other Data
Holding Cost/Unit/Quarter
$25.00
Qtr 1
1500
Labor Hours/Unit
4.5
Hiring Cost
$2,500.00
Qtr 2
1200
Beginning Inventory
0
Layoff Cost
$3,500.00
Qtr 3
2100
Subcontract Cost
$135.00
Qtr 4
1650
Avg. Labor Cost/Hour
$18.00
Overtime Labor Cost/Hour
$27.00
Part I
1) If the company used a chase demand startegy and rounded any fractional number of employees to the nearest whole number, how many employees would be used in each quarter?
2) If the company used a level capacity strategy and rounded any fractional number of employees to the nearest whole number, how many employees would be used?
Period
1
2
3
4
Forecast
1500
1200
2100
1650
Hours Req.
Workers Req.
Workers Used
Part II
Assume the company wants to use a Level Capacity Strategy with 14 employees (Round the Production in each period to the nearest whole number). In any period where on-hand inventory and production do not meet demand the company would supplement with overtime production. Use the table below to calculate the total costs associated with using this plan.
Q3) What would the overtime production cost be for this plan?
Q4) What would theTotal Cost be for this plan?
Level Capacity Aggregate Plan
Period
1
2
3
4
Forecast
1500
1200
2100
1650
Workers Used
14
14
14
14
Hire/(Fire)
Production
Production - Forecast
Beginning Inventory
Ending Inventory
Average Inventory
Overtime Production
Total Cost
Hiring Cost
Firing Cost
Reg. Output
O.T.
Subcontract
Inventory
Backorder
Total Cost:
Total Cost For Plan
1200
850
.
Space Age Furniture Company The Space Age Furniture Company manufa.docxwhitneyleman54422
Space Age Furniture Company The Space Age Furniture Company manufactures tables and cabinets to hold microwave ovens and portable televisions. These products are made in various sizes and with various features, but all follow basically the same production and assembly operations. However, two of these products—the Saturn microwave stand and the Gemini TV stand—have a part (no. 3079) that requires machining on a special lathe used only for making that part. At present the machine is run by Ed Szewczak, a machinist who also operates other machines in Space Age’s shop. Once set up and started, the lathe can run nearly unattended. However, the machinist must be present (even if not actually attending the machine) any time one of the machines, including the lathe, is in operation. At present, Ed works a regular 40-hour week. However, due to the workload for producing part 3079, it has been necessary to schedule frequent overtime for him in order to finish the necessary parts on time.
Coral Snodgrass, operations manager for Space Age, has just heard from Ed’s foremen that Ed is becoming unhappy about so much overtime. As Coral knows, Ed has been with the company a long time and is an excellent, reliable employee. Skilled machinists with Ed’s experience and employment record are extremely difficult to find. Coral wonders what can be done to alleviate this problem.
Recently, Space Age began using an MRP system that has helped reduce inventories greatly and improve on-time deliveries. In fact, Space Age carries no finished-goods inventory. Instead, everything in the master schedule is being produced for customer orders, so all products are shipped almost immediately. Previously Space Age had estimated that it cost $1.25 per week to store each Gemini and $1.50 per week to store each Saturn that wasn’t shipped immediately. The master schedule for producing these two items for the next six weeks is shown below.
Master Schedule
Week 1 2 3 4 5 6 Gemini 600 400 700 500 400 600 Saturn 300 400 400 600 300 300
von70154_09_c09_257-302.indd 294 2/22/13 3:31 PM
CHAPTER 9Discussion Questions
The part in question, 3079, is used in two different subassemblies: no. 435, which is used in the Gemini TV stand, and no. 257, which is used in the Saturn microwave stand. One of part 3079 is used in each subassembly, and one of each subassembly is used in each of the final products.
Part 3079 may be produced in any quantity since the lathe that makes it is not used for anything else. However, both of the subassemblies are produced using the same equipment. To minimize change over time, Space Age has decided that these subassemblies should be made in minimum quantities of 1,000 at a time, although there is no problem with capacity on the equipment that makes them. In fact, an order for 1,000 of subassembly 435 is due to be received in week 1, as is an order for 1,000 of subassembly 257. Lead time for both these subassemblies is one week, and no inventory is expect.
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What is employee productivity ratio & How do you Calculate it Time Doctor
Good employee productivity goes a long way in boosting your company’s revenue and profits. But how do you quantify productivity? The ratio considers different outputs (like the number of units produced) and inputs (like labor hour values) to determine how well your organization uses the resources. This document discusses what the employee productivity ratio is, its formula, and the steps to calculate it.
Source: https://biz30.timedoctor.com/employee-productivity-ratio/#how-to-calculate
For more course tutorials visit
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Case Study 1 (Part A)
Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books;
For more course tutorials visit
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Case Study 1 (Part A)
Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books; construct and use a trial balance) During the first month of operation of Gordon Construction, Inc., completed the following transactions:
June
¬For more classes visits
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Multiple Choice 5
Short 9
Question 1. Question : (TCO 4) Assumptions underlying cost-volume-profit analysis include all of the following,
Question 2. Question : (TCO 6) A basic assumption of activity-based costing (ABC) is that:
Question 3. Question : (TCO 2) In a traditional job order cost system, the use of direct labor on jobs increases:
Question 4. Question : (TCO5) Cost drivers are
Normal Labour/ Stages of Labour/ Mechanism of LabourWasim Ak
Normal labor is also termed spontaneous labor, defined as the natural physiological process through which the fetus, placenta, and membranes are expelled from the uterus through the birth canal at term (37 to 42 weeks
Space Age Furniture Company The Space Age Furniture Company manufa.docxwhitneyleman54422
Space Age Furniture Company The Space Age Furniture Company manufactures tables and cabinets to hold microwave ovens and portable televisions. These products are made in various sizes and with various features, but all follow basically the same production and assembly operations. However, two of these products—the Saturn microwave stand and the Gemini TV stand—have a part (no. 3079) that requires machining on a special lathe used only for making that part. At present the machine is run by Ed Szewczak, a machinist who also operates other machines in Space Age’s shop. Once set up and started, the lathe can run nearly unattended. However, the machinist must be present (even if not actually attending the machine) any time one of the machines, including the lathe, is in operation. At present, Ed works a regular 40-hour week. However, due to the workload for producing part 3079, it has been necessary to schedule frequent overtime for him in order to finish the necessary parts on time.
Coral Snodgrass, operations manager for Space Age, has just heard from Ed’s foremen that Ed is becoming unhappy about so much overtime. As Coral knows, Ed has been with the company a long time and is an excellent, reliable employee. Skilled machinists with Ed’s experience and employment record are extremely difficult to find. Coral wonders what can be done to alleviate this problem.
Recently, Space Age began using an MRP system that has helped reduce inventories greatly and improve on-time deliveries. In fact, Space Age carries no finished-goods inventory. Instead, everything in the master schedule is being produced for customer orders, so all products are shipped almost immediately. Previously Space Age had estimated that it cost $1.25 per week to store each Gemini and $1.50 per week to store each Saturn that wasn’t shipped immediately. The master schedule for producing these two items for the next six weeks is shown below.
Master Schedule
Week 1 2 3 4 5 6 Gemini 600 400 700 500 400 600 Saturn 300 400 400 600 300 300
von70154_09_c09_257-302.indd 294 2/22/13 3:31 PM
CHAPTER 9Discussion Questions
The part in question, 3079, is used in two different subassemblies: no. 435, which is used in the Gemini TV stand, and no. 257, which is used in the Saturn microwave stand. One of part 3079 is used in each subassembly, and one of each subassembly is used in each of the final products.
Part 3079 may be produced in any quantity since the lathe that makes it is not used for anything else. However, both of the subassemblies are produced using the same equipment. To minimize change over time, Space Age has decided that these subassemblies should be made in minimum quantities of 1,000 at a time, although there is no problem with capacity on the equipment that makes them. In fact, an order for 1,000 of subassembly 435 is due to be received in week 1, as is an order for 1,000 of subassembly 257. Lead time for both these subassemblies is one week, and no inventory is expect.
http://finishedexams.com/homework_text.php?cat=1799
Immediate access to solutions for ENTIRE COURSES, FINAL EXAMS and HOMEWORKS “RATED A+" - Without Registration!
What is employee productivity ratio & How do you Calculate it Time Doctor
Good employee productivity goes a long way in boosting your company’s revenue and profits. But how do you quantify productivity? The ratio considers different outputs (like the number of units produced) and inputs (like labor hour values) to determine how well your organization uses the resources. This document discusses what the employee productivity ratio is, its formula, and the steps to calculate it.
Source: https://biz30.timedoctor.com/employee-productivity-ratio/#how-to-calculate
For more course tutorials visit
www.newtonhelp.com
Case Study 1 (Part A)
Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books;
For more course tutorials visit
www.newtonhelp.com
Case Study 1 (Part A)
Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books; construct and use a trial balance) During the first month of operation of Gordon Construction, Inc., completed the following transactions:
June
¬For more classes visits
www.snaptutorial.com
Multiple Choice 5
Short 9
Question 1. Question : (TCO 4) Assumptions underlying cost-volume-profit analysis include all of the following,
Question 2. Question : (TCO 6) A basic assumption of activity-based costing (ABC) is that:
Question 3. Question : (TCO 2) In a traditional job order cost system, the use of direct labor on jobs increases:
Question 4. Question : (TCO5) Cost drivers are
Similar to GSCM 530 Enhance teaching/tutorialrank.com (17)
Normal Labour/ Stages of Labour/ Mechanism of LabourWasim Ak
Normal labor is also termed spontaneous labor, defined as the natural physiological process through which the fetus, placenta, and membranes are expelled from the uterus through the birth canal at term (37 to 42 weeks
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
Safalta Digital marketing institute in Noida, provide complete applications that encompass a huge range of virtual advertising and marketing additives, which includes search engine optimization, virtual communication advertising, pay-per-click on marketing, content material advertising, internet analytics, and greater. These university courses are designed for students who possess a comprehensive understanding of virtual marketing strategies and attributes.Safalta Digital Marketing Institute in Noida is a first choice for young individuals or students who are looking to start their careers in the field of digital advertising. The institute gives specialized courses designed and certification.
for beginners, providing thorough training in areas such as SEO, digital communication marketing, and PPC training in Noida. After finishing the program, students receive the certifications recognised by top different universitie, setting a strong foundation for a successful career in digital marketing.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Acetabularia Information For Class 9 .docxvaibhavrinwa19
Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
1. GSCM 530 Week 1 Homework Assignment Page 431,
Problems 2, 8, and 12
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exactly what I needed. worked out very well for me. thanks
===============================================
GSCM 530 Week 2 Homework Assignment Page 459,
Problems 4,6 and 8
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Week 2
2. Homework Assignment – Page 459, Problems 4,6 and 8.
4. The current aggregate demand requirements for a firm are shown
below for the next six months
Month
May
June
July
Aug
Sept
Oct
3. Demand
120
100
100
100
130
150
The firm always plans to meet all demand. The firm currently has 120
workers capable of producing 120 units in a month (1 unit/worker). The
workforce can be increased (at a cost of $500 per worker) or decreased
(at a cost of $1000 per worker). Inventory holding cost is $100 per unit
per month. The firm currently has 40 units of inventory on hand, and it
4. would like to have at least 40 units available at the end of each month.
Regular production cost is $3,000 per unit.
a) What should the aggregate plan be if the inventory holding cost is to
be minimized?
6. JokersRWild makes playing cards in several different styles, but a
“standard” deck of
cards is used for planning purposes. The average worker at JokersRWild
can make
10,000 sets of decks of cards per month at a cost of $1.00 per deck
during regular
production and $1.30 during overtime. The company currently employs
25 workers.
Experience shows that it costs $500 to hire a worker and $500 to fire a
worker. Inventory
5. carrying cost is $.25/ deck per month. Given the following demand
estimate, develop a
six-month production plan based on level production, chase by
changing workforce level, and chase using overtime (if they use
overtime, they will not fire anyone and will allow inventory to increase
if demand is less than regular production). The beginning inventory is
50,000 and at least that amount is desired each month.
8. Appliances Inc. is preparing an aggregate production plan for
washers for next four months. The company’s expected monthly
demand is given below in the chart. The company will have 500
washers in inventory at the beginning of the month and desired to
maintain at least that number at the end of each month. Below is other
critical data:
Production cost per unit = $300
Inventory Carrying cost per month per unit = $50 (based on ending
month inventory)
Hiring Cost per worker = $1,000
6. Firing cost per worker = $2,000
Beginning # of workers = 10
Each worker can produce 100 units per month
===============================================
GSCM 530 Week 3 Homework Assignment Page 491,
Problems 4, 8, 12 and 13
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Week 3
Homework Assignment – Page 491, Problems 4, 8, 12 and 13
7. 4. Based on the BOM shown below, how many units of part F will be
needed if 15 units of end item A are needed? If the company decided to
purchase part D from suppliers, how would be BOM change? Assume
part D is purchased, how many units of part F are needed to make 15
units of end items A?
8. Using the information in problem 7 develop an indented BOM.
13. Given the BOM and the MPS for end item A, complete the MRP
schedule for items A, C, D, and E.
===============================================
GSCM 530 Week 4 Homework Assignment Page 83.
Problems and 8 and 9, Page 491, Problems 18 and 19
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8. Week 4
Homework Assignment – Page 83. Problems and 8 and 9
Homework Assignment – Page 491, Problems 18 and 19
8.New Time Videos (NTV)
9. Pizza Time
a. Cash registers?
Page 491, Problems 18 and 19:
9. 18. Calculate the processing load and develop the load profile for the
computer assembly process. As the planner, what concerns do you
have if any? What changes might you consider?
19. Calculate the processing load, available capacity, and develop the
load profile for the stereo speaker subassembly. Two employees work
the assembly process for 40 hours each. As the planner, what concerns
do you have and what changes would you make if any?Week 3
Homework Assignment – Page 491, Problems 4, 8, 12 and 13
4. Based on the BOM shown below, how many units of part F will be
needed if 15 units of end item A are needed? If the company decided to
purchase part D from suppliers, how would be BOM change? Assume
part D is purchased, how many units of part F are needed to make 15
units of end items A?
10. 8. Using the information in problem 7 develop an indented BOM.
13. Given the BOM and the MPS for end item A, complete the MRP
schedule for items A, C, D, and E.
===============================================
GSCM 530 Week 5 Homework Assignment Page 528,
Problems 4 and 6, Page 547 Problems 4
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Week 5
Homework Assignment – Page 528, Problems 4 and 6
Homework Assignment – Page 547 Problems 4
11. 4. Answer the following questions for the network shown below. Times
shown are in days.
Page 547 Problems 4
4. Annie is planning a large surprise party for her sister Gwendolyn. She
has developed the plan below, including estimates of the time (in
hours) and cost necessary to perform each of the activities required at
the currently planned pace and at the crashed pace.Week 4
Homework Assignment – Page 83. Problems and 8 and 9
Homework Assignment – Page 491, Problems 18 and 19
12. 8.New Time Videos (NTV)
9. Pizza Time
a. Cash registers?
Page 491, Problems 18 and 19:
18. Calculate the processing load and develop the load profile for the
computer assembly process. As the planner, what concerns do you
have if any? What changes might you consider?
19. Calculate the processing load, available capacity, and develop the
load profile for the stereo speaker subassembly. Two employees work
the assembly process for 40 hours each. As the planner, what concerns
do you have and what changes would you make if any?Week 3
Homework Assignment – Page 491, Problems 4, 8, 12 and 13
13. 4. Based on the BOM shown below, how many units of part F will be
needed if 15 units of end item A are needed? If the company decided to
purchase part D from suppliers, how would be BOM change? Assume
part D is purchased, how many units of part F are needed to make 15
units of end items A?
8. Using the information in problem 7 develop an indented BOM.
13. Given the BOM and the MPS for end item A, complete the MRP
schedule for items A, C, D, and E.
===============================================
GSCM 530 Week 6 Homework Assignment Page 107,
Problem 2, Page 327, Problems 2 and 4
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GSCM 530 Week 6 Homework Assignment Page 107, Problem 2, Page
327, Problems 2 and 4
===============================================
GSCM 530 Week 7 Homework Assignment Page 274,
Problems 2, 3 and 4
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Week 7
Homework Assignment – Page 274, Problems 2, 3 and 4
15. 2. The following table contains data about the inventory for 5 items at
Jones Corporation. Complete the missing items in the table.
3. Suppose Jones Corporation in the above problem determined that its
annual inventory carrying cost = 18%. The item unit cost was as follows:
4. Again, using the data for Jones Company in Problem 2 and 3, suppose
Jones believes that in the upcoming year, the rate of sales expected for
each of the 5 items is as follows:GSCM 530 Week 6 Homework
Assignment Page 107, Problem 2, Page 327, Problems 2 and 4
===============================================