Question

In: Accounting

You manage an assembly line operation that manufactures automobile steering wheels. Your current production schedule is...

You manage an assembly line operation that manufactures automobile steering wheels. Your current production schedule is 5 days per week, 2 eight hour shifts per day. The new demand forecast has added a new customer and requires for us to increase production by 10% for the next 5 weeks. Give to me at least 2 scheduling options for meeting the demand.

Solutions

Expert Solution

Given that there are two shofts of 8 hrs per day for 5 days in a week,

That means currentry we managing that 80 hrs per week and for 5 weeks it will be 400 (5*80) man hours.

Given that there is a raise in 10 % for the 5 weeks i,e. it requires 40 Hours (based on base hours we took 400* 10%)

In case of there is no scarcity of man power- If temperory workers are available then it is advisable to take temperory workmens help.

but in case there is a Scarcity then, we have following options,

1. Increase the time of work by way of overtime- as overtime workers get more pay than as usual, so they will accept it,

2. if we dont want to pay more, then there is an option in shift management i.e. as there is 2 shifts of 8 hrs it comes 16 hrs per day that means there is an idle time of 8 hrs, so if we use workers as redused shift hrs to 6 hrs and there is 4 shifts per day, like wise you can improve the availability of employees and this will reduse the set up costs indeed.


Related Solutions

Daisy Wheel, Inc. Automobile Steering Wheels Daisy Wheel produces 2 lines of steering wheels at its...
Daisy Wheel, Inc. Automobile Steering Wheels Daisy Wheel produces 2 lines of steering wheels at its plant in Taft, Louisiana - 12-in. wheels for cars and 14-in. wheels for trucks. A significant portion of overhead costs come from the Packing, Shipping and Inspection departments. These departments are housed in the same plant. Both product lines also share engineering and support activities The following are the cost analyses for the month of October 2017 Activity TOTAL COST ACTIVITY COST ACTIVITY ACTIVITY...
The automobile assembly plant you manage has a Cobb-Douglas production function given by P = 30x0.5y0.5...
The automobile assembly plant you manage has a Cobb-Douglas production function given by P = 30x0.5y0.5 where P is the number of automobiles it produces per year, x is the number of employees, and y is the daily operating budget (in dollars). Assume that you maintain a constant work force of 120workers and wish to increase production in order to meet a demand that is increasing by 60 automobiles per year. The current demand is 800 automobiles per year. How...
For an automobile manufacturer, choose the correct category for the following costs: Wages of Assembly Line...
For an automobile manufacturer, choose the correct category for the following costs: Wages of Assembly Line Workers AnswerSelling CostsFactory OverheadAdministrative CostsDirect LaborDirect Materials Advertising AnswerDirect LaborDirect MaterialsSelling CostsFactory OverheadAdministrative Costs Leather for Seats AnswerDirect LaborAdministrative CostsDirect MaterialsFactory OverheadSelling Costs Tires AnswerFactory OverheadAdministrative CostsDirect MaterialsSelling CostsDirect Labor Factory Depreciation AnswerSelling CostsDirect LaborAdministrative CostsFactory OverheadDirect Materials Salary of CEO AnswerSelling CostsAdministrative CostsDirect LaborDirect MaterialsFactory Overhead Office Copier Charges Selling Costs Factory Overhead Administrative Costs Direct Materials Direct Labor Sales Incentives to Sales...
You may need to use the appropriate technology to answer this question. A production line operation...
You may need to use the appropriate technology to answer this question. A production line operation is tested for filling weight accuracy using the following hypotheses. Hypothesis Conclusion and Action H0: μ = 16 Filling okay; keep running. Ha: μ ≠ 16 Filling off standard; stop and adjust machine. The sample size is 30 and the population standard deviation is σ = 0.7 Use α = 0.05. What is the probability of making a type II error when the machine...
Consider the market for automobile assembly line workers in the 1950s and 1960s, who were almost...
Consider the market for automobile assembly line workers in the 1950s and 1960s, who were almost entirely unionized. Describe how each of the following developments would affect employment and unemployment among these workers. Assume that the negotiated wage is above the wage that would equate the quantity of labor supplied and the quantity demanded in the market for the workers, and assume that the market for automobiles is highly competitive. a) The building of the interstate highway system increases the...
An automobile manufacturer is considering one of two systems for its windshield assembly line. The first...
An automobile manufacturer is considering one of two systems for its windshield assembly line. The first is a robotic system that should save money due to a reduction in labor and material cost. This robotic system will cost $400,000. Current practice is to recover this cost over the first two years. One full-time technician and one full-time material handler will be needed with this system. The full-time technician costs $60,000 per year and the material handler costs $52,000 per year....
The production supervisor of an assembly line for producing cheeses suspects that the weight of the...
The production supervisor of an assembly line for producing cheeses suspects that the weight of the bags produced is higher than the specification of 200 g. She would like to take a simple random sample of bags of cheeses produced by the assembly line and perform a statistic test to confirm that this is indeed the case. (6 points) What would be the null and alternative hypothesis for this research? What is the type I error in general and in...
In 1908 Jenry Ford produced the first affordable automobile using his assembly line method. At the...
In 1908 Jenry Ford produced the first affordable automobile using his assembly line method. At the time, the assembly line was a new and emerging technology and is now the essential element of most manufacturing processes. You probably can easily identify the benefits achieved by the assembly line. However, there were some ethical consequences to its development and implementation. Discuss what you believe to be ethical consequences of the assembly line. Do those consequences still apply in today's manufacturing environment...
Suppose you manage a portfolio with a current market value of $58,715,000. You and your analyst...
Suppose you manage a portfolio with a current market value of $58,715,000. You and your analyst team actively manage a long/short equity fund, which is benchmarking the S&P 500. Over the past three years, your fund exhibits an annual continuously compounded return of 13.27%. Over the same period of time, the S&P 500 returned an average annual continuously compounded return of 14.17%. You and your team estimate the beta of the portfolio over the same time period using daily returns...
In an effort to increase production on an assembly line the factory manager decides to play...
In an effort to increase production on an assembly line the factory manager decides to play music during the working day. For eight workers the number of items produced for a specific day is recorded below. Can the manager conclude that playing music has increased production? Let α = 0.05. Worker                  1          2          3          4          5          6          7      8 Before                   6          8          10        9          5          12        9      7 After                      10        12        9          12        8          13        8      10
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT