The weekly incomes of shift foreman for a given industry follow a normal probability distribution. With a mean of $1,000 and a s
1 answer:
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Answer:
TAKT time: 840 seconds
maximum output: 315 coolers.
Explanation:
The takt time refers to matching the production pace with the demand
To produce 30 coolers per 7-hours day we need an outpot of:
7 hours x 60 minutes x 60 seconds = 25,200
output of 30 coolers
takt: 25,200 / 30 = 840 seconds
producing a cooler every 840 seconds is the takt time.
Maximum output:
If the company does several cooler in parallel it will have a bottle neck in the longest individual task so, this time determinates the maximum output.
25,200 second of working time available
80 second longest task to complete a cooler:
25,200 / 80 = 315 coolers.
Answer:
A.
$0.05
B.
$18,600
C.
30,000 units
Explanation:
Economic order quantity is the quantity at which business incur minimum cost. This is the level of order where the holding cost equals to the ordering cost of the business.
As per given data
Annual Demand = 90,000 batteries
Ordering cost = $250
Carrying cost = $0.046
A.
Annual Holding cost = Holding cost per unit x Annual Demand = $0.046 x 90,000 batteries = $4,140
Opportunity cost = $0.046 X 110% = $0.05
B.
Purchase cost = 90,000 x $0.14 = $12,600
Ordering cost = (90,000/15,000) x $250 = $1,500
Storage cost = $0.05 x 90,000 = $4,500
Total cost of Inventory = $12,600 + $1,500 + $4,500 = $18,600
C.
EOQ =
EOQ =
EOQ = 30,000