answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Gnoma [55]
2 years ago
6

A repetitive manufacturing firm is planning on level material use. The following information has been collected. Currently, the

firm operates 250 days per year.
Annual demand

22,000

Daily demand

88

Daily production

250

Desired lot size (2 hours of production)

63

Holding cost per unit per year

$40

a) What is the setup cost, based on the desired lot size?

b) What is the setup time, based on $40 per hour setup labor?
Business
1 answer:
Sloan [31]2 years ago
8 0

Answer:

setup cost = $1.75

setup time = 2.625 min

Explanation:

given data

firm operates = 250 days per year

Annual demand  = 22,000

Daily demand  =  88

Daily production  = 250

Desired lot size =  63  (2 hours of production)  

Holding cost   = $40 per unit per year

to find out

setup cost  and setup time

solution

we find first setup cost that is express as

setup cost = \frac{Q^2*H*(1-\frac{d}{p})}{2D}   ......................1

here Q is  Desired lot size and H is  Holding cost and d is  Daily demand and D is Annual demand   and p is  Daily production

put here value

setup cost = \frac{63^2*40*(1-\frac{88}{250})}{2*22000}

setup cost = \frac{2969*40*(0.648)}{44000}

setup cost = $1.75

and

setup time is

setup time = \frac{setup\ cost}{setup\ labor}    ....................2

setup time = \frac{1.75*60min/hr}{40}

setup time = 2.625 min

You might be interested in
An international firm considering foreign expansion should take into account that: a) the timing and scale of entry of foreign e
Alchen [17]

Answer: c) if the firm's core competence is based on proprietary technology, entering a joint venture might risk losing control of that technology.

Explanation:

When firms expand into international markets, it is a standard practice to partner with a local company that already has expertise in the market to enable an easier transition.

This creates a problem however because in partnering with the company, the competitive advantage that the company holds could be at risk. This is even more so if the competitive advantage is based on proprietary technology and by entering into a partnership and giving another company access to that technology, there is a risk that control could be lost.

7 0
1 year ago
A dozen eggs cost $0.88 in january 1980 and $2.11 in january 2015.
Lera25 [3.4K]
Initial price = $0.88 (Jan. 1980)
Final price = $2.11 (Jan. 2015)

Change in price = $2.11 - $0.88 = $1.23
Percentage rise in price = 100(1.23/0.88) = 139.8% ≈ 140%
The average yearly rise in price = 139.8/(2015-1980) ≈ 4%

Answer:
Total percent rise in price = 140%
Average yearly rise in price = 4%
6 0
2 years ago
A change in company policy now means that employees have to gather a lot more information from a customer before dealing with a
MrMuchimi

Answer:

A Apologises for any trouble and explain the change to each customer.

Explanation:

After changing the organization policy first the employees want to understand the policies of the company so that they are able to communicate with the customers but before that the employees required to grab more information with respect to the customer before dealing with it.

For any trouble, the employees should apologises it and explain to them what is the changes in the policy to each customer and why it is important

Hence, the first option is correct

4 0
1 year ago
George is an employee at a company that provides information technology solutions to other firms. Recognizing his potential to i
Damm [24]

The answer to the question is competition.

It seems that George is set up by his company to become a competition to the customers’ of the company. This is because George is told to develop a new smart phone application so that his company will have a unique competitive advantage from the other firms. This would lead to his company’s better performance in the future.

3 0
1 year ago
Which action best reflects the influence of John Maynard Keynes? O A. A business lobbies a government to reduce its overall tax
Sidana [21]

Answer:

Which action best reflects the influence of John Maynard Keynes?

B. A government gives jobs to workers during an economic recession.

Explanation:

John Maynard Keynes was a The British economist who strongly and vehemently advocated for "increased government expenditures, lower taxes, government offering full employment, and government intervention in economic activities" in order to stimulate demand, pull the economy out of recession, and kickstart it from slump.  He is known as the father of Keynesian Economics.

8 0
1 year ago
Other questions:
  • Which of the following factors can impede decision making in an incident?
    8·2 answers
  • Which of the following statements is CORRECT?
    8·1 answer
  • Current Attempt in Progress The following selected accounts from the Sheridan Company’s general ledger are presented below for t
    15·1 answer
  • Kahlan Opinion Surveys had beginning retained earnings of $24,600. During the year, the company reported sales of $105,700, cost
    12·1 answer
  • Your uncle holds just one stock, East Coast Bank (ECB). You agree that this stock is relatively safe, but you want to demonstrat
    6·1 answer
  • Debby told you she picked an ownership structure that allows her business to borrow money, buy and sell property, and sign bindi
    9·1 answer
  • Question 1
    15·2 answers
  • A hedge fund with net asset value of $71 per share currently has a high water mark of $78. Suppose it is January 1, the standard
    7·1 answer
  • True or False: A small number of institutional investors are often able and motivated to bring direct shareholder pressure on a
    15·1 answer
  • Curtis purchased inventory on December 1, 2020. Payment of 250,000 stickles was to be made in sixty days. Also on December 1, Cu
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!