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HACTEHA [7]
3 years ago
10

Carol Cagle has a repetitive manufacturing plant producing trailer hitches in​ Arlington, Texas. The plant has an average invent

ory turnover of only 12 times per year. He has therefore determined that he will reduce his component lot sizes. He has developed the following data for one​ component, the safety chain​ clip: Setup labor cost ​$25 per hour Annual holding cost ​$13 per unit Daily production 960 ​units/8 hour day Annual demand 23,000 ​(250 days eachtimes×daily demand of 92 ​units) Desired lot size 120 units​ (one hour of​ production)
To obtain the desired lot size, the set-up time that should be achieved = ___ minutes.
Business
1 answer:
lions [1.4K]3 years ago
8 0

Answer:

0.1472 hours or 8.832 minutes

Explanation:

Annual demand- 23,000 units

Daily demand – 92 units

Daily production – 960 units  per 8 hour day

Desired lot size - 120 units

Holding cost per unit per year - $13 per unit

Set up labor cost per hour - $25 per hour

Set up cost:

= {(120 × 120) × $13 × [1 - (92 ÷ 960)]} ÷ [2 × (23,000) ]

= $169,260 ÷ 46,000

= $3.68

Set up time:

= Set up cost ÷ Set up labor cost per hour

= $3.68 ÷ $25 per hour

= 0.1472 hours or 8.832 minutes

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Answer: Introduction phase.

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ART has come out with a new and improved product. As a result, the firm projects an ROE of 27%, and it will maintain a plowback
emmasim [6.3K]

Answer:

$41.14

Explanation:

Dividend per share=$4

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4 0
3 years ago
Timothy is a construction worker in one of the leading firms of a city. His employment contract includes a clause that says he c
podryga [215]

Answer:

A clause that says Timothy (A construction worker) cannot work as a construction worker within the city for fifteen years once he leaves the company  is Legal because the employer can add any constraint to the agreement.

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Post-employment clause usually comes with additional benefits like payment of severance.

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3 years ago
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