What is the best way to use a spreadsheet to plan capacity?
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What is the best way to use a spreadsheet to plan capacity?
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- Suppose an Excel spreadsheet model has been partially created as shown below. 1 2 3 4 5 6 7 8 9 10 11 12 A From 0 0.2 0.5 0.9 B To 0.2 0.5 0.9 1 C Lead Time Probability Lead Time (in days) 1 2 3 4 0.2 0.3 0.4 0.1 D What formula should be used to generate a lead time (in days) from this distribution? =VLOOKUP(RAND(),A6:D9,3) =VLOOKUP(RAND(),A6:D9,4) =VLOOKUP(A6:A9,A6:D9,3) =VLOOKUP(A6:A9,A6:D9,4) EMagical Toys is a South African toy store chain. The toys are sold in their five stores and from their own Web shop. Each Tuesday, management needs sales reports from last week's activities. Work at the stores is hectic, so usually at least one store fails to deliver the report, making it impossible to sum up the previous week's sales. The reports, sent by email as spreadsheets, sometimes have inconclusive or erroneous data, and following up means that employees are unable to give their full focus to the customers. Some errors in the spreadsheets may also cause the purchasing manager to place unnecessary purchase orders. (a) What are the main issues that Magical Toys faces in the absence of an information system? (b) How could an information system be of help, and what issues can an information system not solve?Job Costing Johnson Inc. is a job-order manufacturing company that uses a predetermined overhead ratebased on direct labor hours to apply overhead to individual jobs. For the current year, estimated direct laborhours are 95,000 and estimated factory overhead is $617,500. The following information is for Septemberof the current year. Job A was completed during September, and Job B was started but not finished.[LO 4-3, 4-4, 4-5]September 1, InventoriesMaterials Inventory $ 7,500Work-in-Process Inventory (All Job A) 31,200Finished Goods Inventory 67,000Material purchases 104,000Direct materials requisitionedJob A 65,000Job B 33,500Direct labor hoursJob A 4,200Job B 3,500Labor costs incurredDirect labor ($8.50/hour) 65,450Indirect labor 13,500Supervisory salaries 6,000Rental costsFactory 7,000Administrative offices 1,800Total equipment depreciation costsFactory 7,500Administrative offices 1,600Indirect materials used 12,000Required1. What is the total cost of Job A?2. What is the total…
- Lissette Jones, the materials manager for an upscale retailer,wants to measure her customer service level. She has collected thefollowing representative data. Assuming that orders 1–6 and 8–10 shipped on schedule:(a) Calculate the customer service level using the percentageof orders that shipped on schedule.(b) Calculate the customer service level using the percentageof line orders that shipped on schedule.(c) Calculate the customer service level using the percentageof dollar volume that shipped on schedule.(d) Which of these measures would you recommend toLissette?The main input for master scheduling schedule is: O a. Long term forecasting O b. Aggregate production (capacity) plan (aggregate planning) O c. Material requirements planning (MRP) O d. None of the above Which of the following best describes the last step to developing a master production schedule? O a. Check preliminary MPS against available capacity O b. Check the MPS against the production plan to ensure they match O c. Resolve differences between the preliminary MPS and available capacity O d. Design a preliminary MPS MRP systems are: O a. Substitutes for fixed order point/order quantity systems. O b. Appropriate for all end items in the product line. O c. Intended to determine an appropriate master production schedule. Od. Intended to reduce inventory requirements, production lead times, and delivery times to customers. O e. Intended to be used for independent demand items.What is the purpose of the Gantt chart as a scheduling tool? When do you use a Gantt chart instead of a network-based method?
- Prepare a Master Production Schedule (MPS) for an Agri-Chemical company given the following information: The forecast for each week of an eightweek schedule is 50 units. The MPS rule is to schedule production if the projected on-hand inventory would be negative without it. Customer orders (committed) are as follows:Week Customer Orders1 522 353 204 12Use a production lot size of 75 units and no beginning inventory.Summarize some of the unique problems encountered in service systems, and describe some of theapproaches used for scheduling service systems.(Business Analytics) I need some help on this problem, I'm not sure what to do. Problem 2) Larry Edison is the director of the Computer Center for Buckly college. He now needs to schedule the staffing of the center. It is open from 8:00 AM until midnight. Larry has monitored the usage of the center at various times of the day and determined that the following number of computer consultants (qualified graduate students) are required. Time of Day Minimum Number of Consultants Required to be on Duty 8 AM – Noon 6 Noon – 4 PM 8 4 PM – 8 PM 12 8 PM - Midnight 6 Two types of computer consultants can be hired: full-time and part-time period the full-time consultants work for eight consecutive hours in any of the following shifts: mornings (8 AM - 4:00 PM), afternoon (noon - 8:00 PM), and evenings (4:00 PM to midnight). Full-time consultants are paid $17.50 per hour. Part-time consultants can be hired to work any of the four…
- RBL’s directors are looking to expand into a new suite of services. Although they are doing quite well in their existing lines of business, analysts have identified some new areas for development. One of these is expansion into manufacturing prefabricated homes. However, this venture requires a large amount of funding. To raise additional funds to finance this new project, the company is considering issuing a new bond.Required: Prepare a short report which supports the case for issuing a corporate bond. In your report:a.Explain what a corporate bond is,b.Outline the characteristics of the bond market,c. Explain the benefits of issuing bonds to raise financing.Solve it using a spreadsheet on excel.A mortgage service office has the following four activities involved in approving a loan application. Note that a working day is 8 hours and there are 60 minutes in one hour. Activity A. Property survey B. Credit report C. Title search 20.869 D. Final decision Time (minutes) 25 25 28 21 Activities B and C are combined together and assigned to two employees, while the other two employees are responsible for activities A and D respectively. What would be the maximum number of loan applications the office can process per day? Numbers only, keep three decimals if not exact, either round up or down is ok