Question
In: Operations Management
Ram Roy's firm has developed the following supply, demand, cost, and inventory data. Supply Available...
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 |
5 |
40 |
|
2 |
30 |
15 |
5 |
55 |
|
3 |
40 |
15 |
5 |
55 |
|
Initial inventory |
20 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).
Solutions
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keosha answered 1 month agoRelated Solutions
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.
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...
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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Copy to Clipboard
+
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. 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
%...
Potter Company has the following data available: Transaction Units Purchased Unit Cost Units Sold Beginning Inventory...
Potter Company has the following data available: Transaction
Units Purchased Unit Cost Units Sold Beginning Inventory 500 $10
March 1 Purchase 200 $12 April 25 Sale 350 June 10 Purchase 300
$14 July 20 Sale 250 October 30 Purchase 300 $15 December 15 Sale
400 If Potter Company uses a perpetual movingminus average
inventory system, the cost of goods sold for the year is
________. (Round average cost per unit to four decimal places and
all other numbers to...
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...
Tamarisk, Inc. uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available...
Tamarisk, Inc. uses the lower-of-cost-or-net realizable value
basis for its inventory. The following data are available at
December 31.
Item
Units
Unit Cost
Net Realizable Value
Cameras:
Minolta
3
$180
$156
Canon
9
149
175
Light meters:
Vivitar
14
136
114
Kodak
20
117
130
Determine the amount of the ending inventory by applying the
lower-of-cost-or-net realizable value basis.
The ending inventory
In recording the cost of goods sold for cash, based on data available from perpetual inventory...
In recording the cost of goods sold for cash, based on data
available from perpetual inventory records, the journal entry
is
a. debit Inventory; credit Cost of Goods Sold
b. debit Accounts Receivable; credit Inventory
c. debit Cost of Goods Sold; credit Sales
d. debit Cost of Goods Sold; credit Inventory
The following information is available concerning the inventory of Carter Inc.: Units Unit Cost Beginning inventory...
The following information is available concerning the inventory
of Carter Inc.:
Units
Unit Cost
Beginning inventory
206
$10
Purchases:
March 5
299
11
June 12
402
12
August 23
254
13
October 2
150
15
During the year, Carter sold 994 units. It uses a periodic
inventory system.
Required:
1. Calculate ending inventory and cost of goods
sold for each of the following three methods:
In your calculations round average unit cost to the nearest
cent, and round all other...
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