The Station estimates demand for the semester will be 620 dozen cinnamon mait ball cookles. Due to the COOkies' expected popularity the selling price wII $5.25 per dozen. Based on the projected demand (volume) for the semester, which process type should they select? O Speed Bake O Pre-Bake O Easy Bake Under this process type-the one selected in the previous question-what would be their profits for the semester? (Display your answer to the nearest who number). 1596 What would be the break-even point (in unit volume or demand) between the process option you selected above and the "Speed Bake" process option? (Display your answer to the nearest whole number),
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- A company had an average inventory last year of $203,000 and its inventory turnover was 6. If sales volume and unit cost remain the same this year as last and inventory turnover is 8 this year, what will average inventory have to be during the current year?“As soon as the customer places an Order, it is received by the Sales department and a Sales Order is created. The Sales Order is sent to the Finance Department to check if the customer has any outstanding balance for more than 60 days. The AR Clerk at the Finance Department checks and sends the results back to the Sales Department. If there is an outstanding balance for more than 60 days, the Sales Department puts the Order on hold and notifies the customer. Otherwise, the Order Entry Clerk creates an Order Confirmation and sends it to the customer. Simultaneously a Picking List is generated and sent to the Order Fulfilment Department who picks up the next set of process steps. The Order Fulfilment Department receives the Picking List and determines which Warehouse is closest to the Customer location. The Picking List is sent to that Warehouse location. There, the items from the Picking List are picked. An Invoice is generated and printed. The items are packed along with the printed…A restaurant uses an average of 50 jars of a special sauce each week. Weekly usage ofsauce has a standard deviation of 3 jars. The manager is willing to accept no more than a10 percent risk of stockout during lead time, which is two weeks. Assume the distributionof usage is normal.a. Which of the given formulas is appropriate for this situation? Why?b. Determine the value of z.c. Determine the ROP.
- Given this frequency distribution, what demand values would be associated with the following random numbers? (Do not round intermediate calculations.) Demand Frequency 17 1 19 21 43 Random Number Simulated Demand 0.0 0.6 0.6Given this frequency distribution, what demand values would be associated with the following random numbers? (Do not round intermediate calculations.) Demand Frequency 13 12 2 20 55 Random Number Simulated Demand 0.0 0.5 0.4Following are the uses of CVP analysis except? Analyse cash flows Analysing margin of safety Deciding on selling price for a product Estimating future profits Plz select correct answer without explanation
- A warehouse manager at Mary Beth Marrs Corp. needs to simulate the demand placed on a product that does not fit standard models. The concept being measured is "demand during lead time," where both lead time and daily demand are variable. The historical record for this product, along with the cumulative distribution, appear in the table. Demand During Lead Time Cumulaive Probability Probability 120 0.01 0.01 140 0.12 0.13 160 0.35 0.48 180 0.20 0.68 200 0.04 0.72 220 0.08 0.80 240 0.20 1.00 The following random numbers have been generated: 9, 78, 40, 41, and 99. (Note: Assume the random number interval begins at 01 and ends at 00.) Based on the given probabilty distribution, for the given random number the demand during the lead time is: Random Number 9 78 40 41 99 Demand The average demand during the lead time is (enter your response as an integer). The total demand during the lead time based on the five simulations is (enter your response as an integer).A retailer currently places orders with its suppliers on a weekly basis. It is considering a switch to a routine in which it places orders on a daily basis. No change is expectedin the retailer’s demand. This change will have what effect on the volatility of its orders?a. It will decrease because its orders will better match its demand.b. It will stay the same because the retailer’s demand remains the same.c. It will increase because the more frequent orders will lead to more fickle decisionsExplain the following based on Demand Management Demand Management Independent Demand Dependent Demand Random Variations Safety Stocks
- Which of the following is true with regard to push and pull systems? Push systems are systems in which services or products are produced based on forecasts. In pull systems, the product or service is produced because its production is mandated by a central planning organization In pull systems, the product or service is regulated by a government agency In push systems, inventory is completely eliminatedA firm sells two products. Product R sells for $20; its variable cost is $6. Product S sells for $50; its variable cost is $30. Product R accounts for 60 percent of the firm’s sales, while S accounts for 40 percent. The firm’s fixed costs are $4 million annually. Calculate the firm’s break-even pointA small grocery store sells fresh produce, which it obtains from a local farmer. During the strawberry season, demand for fresh strawberries can be reasonably approximated using a normal distribution with a mean of 36 quarts per day and a standard deviation of 7 quarts per day. Excess costs run .40 cents per quart. The grocer orders 42 quarts per day.Use Table. What is the implied cost of shortage per quart?