Question

In: Operations Management

Prepare a master production schedule for industrial pumps in the manner of the following table. Use...

Prepare a master production schedule for industrial pumps in the manner of the following table. Use the MPS rule to "schedule production when the projected on-hand inventory would be less than 10 without production.". Suppose that there are currently 64 pumps in inventory and a production lot size of 70 pumps is used. (Leave no cells blank - be certain to enter "0" wherever required.)

June July
1 2 3 4 5 6 7 8
Forecast 30 30 30 30 40 40 40 40
Customer orders (committed) 33 20 10 4 2
Projected on-hand inventory
MPS
ATP

Solutions

Expert Solution


Related Solutions

Use the following table to answer the question. Dave's Production Possibilities Schedule Simon's Production Possibilities Schedule...
Use the following table to answer the question. Dave's Production Possibilities Schedule Simon's Production Possibilities Schedule Pounds of Green Beans Pounds of Corn Pounds of Green Beans Pounds of Corn 0 160 0 80 20 120 40 60 40 80 80 40 60 40 120 20 80 0 160 0 Assume Dave consumes 40 pounds of green beans and 80 pounds of corn without trade. Also, assume that Simon consumes 80 pounds of green beans and 40 pounds of corn...
Use the following table to answer the question below. Dave's Production Possibilities Schedule Simon's Production Possibilities...
Use the following table to answer the question below. Dave's Production Possibilities Schedule Simon's Production Possibilities Schedule Pounds of Green Beans Pounds of Corn Pounds of Green Beans Pounds of Corn 0 160 0 80 20 120 40 60 40 80 80 40 60 40 120 20 80 0 160 0 Assume Dave consumes 40 pounds of green beans and 80 pounds of corn without trade. Also, assume that Simon consumes 80 pounds of green beans and 40 pounds of...
Question B.1 A company has the following master schedule (Table B.1) and master file (Table B.2)...
Question B.1 A company has the following master schedule (Table B.1) and master file (Table B.2) for its most popular Lapdesk. Table B.1 Master Production Schedule Week 1 2 3 4 5 6 Lapdesk 400 300 450 330 450 400 Table B.2 Master file Lapdesk Pressboard On hand 200 300 On order 100(week 2) 0 LLC 0 1 Lot Size L4L Mult 100 Lead Time 1 1 Each lapdesk has two pressboards. Use MRP to schedule planned order releases for...
Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended...
Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended December 31, 20Y3: Retained earnings, January 1, 20Y3 $59,650,000 Net income 8,160,000 Cash dividends declared 1,000,000 Stock dividends declared 2,600,000 Prepare a retained earnings statement for the year ended December 31, 20Y3. Refer to the lists of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted negative numbers...
Retained Earnings Statement Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results for...
Retained Earnings Statement Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended December 31, 20Y3: Retained earnings, January 1, 20Y3 $358,900 Net income 43,100 Cash dividends declared 7,800 Stock dividends declared 14,700 Prepare a retained earnings statement for the year ended December 31, 20Y3. Sumter Pumps Corporation Retained Earnings Statement For the Year Ended December 31, 20Y3 $ $ $
Describe the relationship among the production plan, the master production schedule, and the materials requirements plan....
Describe the relationship among the production plan, the master production schedule, and the materials requirements plan. What are the benefits of using these types of plans? How do these plans fit into the strategic business plan? What is a major difference of the plans and how can that difference create potential challenges?
We are preparing a master production schedule for a given item. For this item the demand...
We are preparing a master production schedule for a given item. For this item the demand forecast and booked orders are as follows: Week 1 2 3 4 5 6 Demand Forecast 60 60 80 80 80 50 Booked Orders 58 63 52 20 4 0 Our Week 0 projected on-hand is 132 units. Lead time for this item is 2 weeks, and the order policy for this item is a fixed quantity of 180 units. When this master schedule...
discuss the importance of the master production schedule in an MRP system. Discuss the meaning of...
discuss the importance of the master production schedule in an MRP system. Discuss the meaning of MRP terms such as planned order release and the scheduled order receipt.
Case 2: Izki manufacture LLC has the following cost information for industrial product. The production schedule...
Case 2: Izki manufacture LLC has the following cost information for industrial product. The production schedule for the month of March 2020 required completion of 5,500 pieces. However, 5,000 pieces were completed. Purchases for the month March 2020 amounted to 50,000 Kg of material at the total invoice price of RO 200,000 (actual). Production records for the month of March 2020 showed actual materials used is 40,000 Kg and actual direct labor used is 20,000 hours RO 60,000. Standard cost...
Given the production possibility schedule, answer the following questions. Production Possibility Schedule Product                        &n
Given the production possibility schedule, answer the following questions. Production Possibility Schedule Product                                A             B             C             D             E              F                                                                           Tanks                                    0            1              2              3              4              5                                                              Automobiles 1,000       950 850 650 350 0 (a) Graph the PPF for this schedule. What happens to the opportunity cost of each additional tank in terms of automobiles as one moves from A to F? What accounts for this? (b) Given the production possibility schedule, what can be said about a...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT