Question
In: Operations Management
Ram Roy's firm has developed the following supply, demand, cost, and inventory data.
Ram Roy's firm has developed the following supply, demand, cost, and inventory data.
|
Supply Available |
||||
|
Period |
Regular Time |
Overtime |
Subcontract |
Demand Forecast |
|
1 |
40 |
15 |
10 |
50 |
|
2 |
35 |
15 |
10 |
60 |
|
3 |
30 |
20 |
10 |
50 |
|
Initial inventory |
30 units |
|
Regular-time cost per unit |
$100 |
|
Overtime cost per unit |
$150 |
|
Subcontract cost per unit |
$200 |
|
Carrying cost per unit per month |
$4 |
Assume that the initial inventory has no holding cost in the first period and backorders are not permitted.
Allocating production capacity to meet demand at a minimum cost using the transportation method, the total cost is $__ (enter your response as a whole number).
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keosha answered 2 hours agoRelated Solutions
Ram? Roy's firm has developed the following? supply, demand,? cost, and inventory data. ?????????????????????????????????????????????????????????????????????????????????????????????????? Copy to...
Ram? Roy's firm has developed the following? supply, demand,?
cost, and inventory data.
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Supply Available
Period
Regular Time
Overtime
Subcontract
Demand Forecast
1
30
15
10
50
2
35
15
10
50
3
40
15
10
55
Initial inventory
30
units
?Regular-time cost per unit
?$100
Overtime cost per unit
?$160
Subcontract cost per unit
?$250
Carrying cost per unit per month
?$2
Assume that the initial inventory has no holding cost in the
first...
Ram? Roy's firm has developed the following? supply, demand,? cost, and inventory data. Supply Available Period...
Ram? Roy's firm has developed the following? supply, demand,?
cost, and inventory data.
Supply Available
Period
Regular Time
Overtime
Subcontract
Demand Forecast
1
30
15
5
50
2
35
15
5
50
3
40
20
5
60
Initial inventory
30 units
Regular-time cost per unit
$100
Overtime cost per unit
$150
Subcontract cost per unit
$250
Carrying cost per unit per month
$44
Assume that the initial inventory has no holding cost in the
first period and backorders are not...
Ram Roy’s firm has developed the following supply, demand, cost, and inventory data. Allocate production capacity...
Ram Roy’s firm has developed the following supply, demand, cost,
and inventory data. Allocate production capacity to meet demand at
a minimum cost using the transportation method. What is the cost?
Assume that the initial inventory has no holding cost in the first
period and backorders are not permitted.
Initial Inventory 20 Units
Regular Time cost per unit $100
Overtime cost per unit $160
Sub contract cost per unit $250
Carrying cost per unit per month $6
Supply Table
Period...
I. Vail Ski, Inc. has developed the following data for its inventory. Determine the reported inventory...
I. Vail Ski, Inc. has developed the
following data for its inventory. Determine the reported inventory
value assuming the lower of cost or market and lower of cost or net
realizable value rules are applied to individual products. Show
your computations. If not, no credit.
Skis
Boots
Apparel
Supplies
Selling price
$
180,000
$
150,000
$
120,000
$
60,000
Cost
128,000
133,000
90,000
48,000
Replacement cost
120,000
130,000
110,000
50,000
Sales commission
10
%
10
%
10
%
10
%...
Novelli's Nursery has developed the following data for lower of cost or market for its products....
Novelli's Nursery has developed the following data for lower of
cost or market for its products. The individual types of trees are
separated as to their categories:
Selling
Cost to
Price
Cost
Replace
Broad leaf trees:
Ash
$1,800
$1,000
$800
Beech
2,200
1,600
1,400
Needle leaf trees:
Cedar
$2,500
$1,750
$1,800
Fir
3,600
3,350
3,200
Fruit trees:
Apple
$1,800
$1,400
$1,300
Cherry
2,300
1,800
1,700
The costs to sell are 10% of the selling price, and the normal
profit margin...
#4 Lower of Cost or Market Weldon Animal Feeds has developed the following data to calculate...
#4 Lower of Cost or Market
Weldon Animal Feeds has developed the following data to
calculate LIFO lower of cost or market for its products. The
individual products are listed individually among their categories
of feed (in thousands):
Selling
Cost to
Price
Cost
Replace
Large animals:
Cattle
$320
$160
$170
Horse
400
400
325
Small animals:
Cat
$360
$320
$280
Dog
120
90
40
Exotic pets:
Ferret
$140
$112
$98
Iguana
70
48
21...
A monopoly firm has the following demand and cost structure in the short run: Q P...
A monopoly firm has the following demand and cost structure in
the short run:
Q
P
TFC
TVC
TC
MC
TR
MR
Profit/Loss
0
100
100
0
1
90
50
2
80
90
3
70
150
4
60
230
5
50
330
6
40
450
7
30
590
Complete the table.
What is the best profit or loss available to this firm?
Should the firm operate or shut down in the short run?
Why?
What is the relationship between MR...
Assume a firm faces the following demand and cost functions: Demand is: Q = 2600 –...
Assume a firm faces the following demand and cost functions:
Demand is: Q = 2600 – 100P + 0.2M – 500Pr ; AVC = 20 – 0.07Q +
0.0001Q^2; M = $20,000; Pr = $2; Should the firm shut down in the
short-run? What are the expected profits if fixed costs are
$22,500?
Rashford Medical Supplies uses LIFO cost flow assumption and has developed the following data for its...
Rashford Medical Supplies uses LIFO cost flow assumption and has
developed the following data for its products: Surgical Equipment
Surgical Supplies Number of units in inventory 530 620 Per unit:
Selling price 425 250 Cost 335 247 Replacement cost 345 243 Cost to
sell 42 44 Normal gross profit ratio 40% 45% Normal gross profit
ratio is expressed as a percentage of selling price. Rashford
adjusts an allowance account at year-end to record net realizable
value adjustments to its inventory....
Lower-of-Cost-or-Market Inventory On the basis of the following data, determine the value of the inventory at...
Lower-of-Cost-or-Market Inventory
On the basis of the following data, determine the value of the
inventory at the lower of cost or market. Assemble the data in the
form illustrated in Exhibit 10.
Product
Inventory
Quantity
Cost Per
Unit
Market Value per Unit
(Net Realizable Value)
Class 1:
Model A
19
$299
$295
Model B
23
78
86
Model C
44
237
241
Class 2:
Model D
9
78
83
Model E
9
244
228
a. Determine the value of the...
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