1. Aggregate planning differs from scheduling in thatO A. the former refers to the long-range, and the latter refers to the medium-range.O B. the former is concerned with allocating available resources, and the latter, with the acquisiticC. the former refers to the long-range, and the latter refers to the short-range.D. the former is concerned with the acquisition of resources, and the latter, with allocating avail0000O Mark for review (Will be highlighted on the review page)Next Question >>

Ans) Aggregate planning is defined as the production process in which production process is made in…

Answered: 1. Aggregate planning differs from…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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a. Given the following master schedule, fill in the projected available and availableto promise rows: b. A customer wants an order of 100 in period 4. What can you tell him?c. The customer from part (b) cancels his request, but then says he wants 120 in period 5.What do you tell him now?d. Sales has requested that you add an MPS of 200 in period 9 to cover their needs fora sales promotion. What do you tell them and why?e. What action (if any) should be taken in period 11? Why is it okay to take theaction?
It is Monday morning, and you have just arrived at work. Complete the followingMRP record as it would appear Monday morning. Lead time is 2 weeks, and the lotsize is 100. During the week, the following events occur. Enter them in the MRP record.a. The planned order for 100 in week 1 is released.b. Thirty of the scheduled receipts for week 1 are scrapped.c. An order for 30 is received for delivery in week 3.d. An order for 50 is received for delivery in week 6.e. The gross requirements of 70 in week 1 are issued.
Job Costing Johnson Inc. is a job-order manufacturing company that uses a predetermined overhead ratebased on direct labor hours to apply overhead to individual jobs. For the current year, estimated direct laborhours are 95,000 and estimated factory overhead is $617,500. The following information is for Septemberof the current year. Job A was completed during September, and Job B was started but not finished.[LO 4-3, 4-4, 4-5]September 1, InventoriesMaterials Inventory $ 7,500Work-in-Process Inventory (All Job A) 31,200Finished Goods Inventory 67,000Material purchases 104,000Direct materials requisitionedJob A 65,000Job B 33,500Direct labor hoursJob A 4,200Job B 3,500Labor costs incurredDirect labor ($8.50/hour) 65,450Indirect labor 13,500Supervisory salaries 6,000Rental costsFactory 7,000Administrative offices 1,800Total equipment depreciation costsFactory 7,500Administrative offices 1,600Indirect materials used 12,000Required1. What is the total cost of Job A?2. What is the total…
A. A level strategy would generally be used in which production environment? a. When required job training is lower b. When job discretion is lower c. When labor turnover is higher d. When job discretion is higher B. Demand that comes from market conditions outside of the company is called: a. Dependent demand b. Independent demand c. Aggregate planning demand d. Outside demand
23. The theory of loss aversion and reference dependence implies that (a) equilibrium allocations will usually be outside the Pareto set (b) the location of the Pareto set may depend on the initial allocation (c) the Pareto set is piecewise linear (d) the Pareto set is reduced to a single point in the Edgeworth box (e) the Pareto set lies on two adjacent sides of the Edgeworth box
138 Exercise 4-25 A sales budget for the first five months of 2021 is given on a certain product line manufactured by Boots Styles, Inc. Sales budget in units 157,000 January February March 162,000 204,000 April 223,000 May 245,000 The inventory of finished products at the end of each month is equal to 20% of the sales estimate for the next month. This requirement is expected to be met by Jan. 1. No work is in process at the end of each month. Each unit of product requires two types of raw materials as follows: Material A 2 unit Material B 6 units The estimated cost of Material A is P5.00 per unit, and the estimated cost of Material B is PO.60 per unit. Materials equal to 30% of next month's production needs are to be on hand at the end of each month. This requirement is expected to be met on Jan. 1. REQUIRED: 1. Prepare a production budget for the first quarter of 2021 broken down by months. Include a total column. 2. Prepare a purchases budget for each type of raw materials also for…
In aggregate planning models which of the following statements are correct A. The number of workers available influence the possible production level. B. We allow the work level to be modified each month. C Demand should be met D. All of the above
The difference between a gross material requi rementsplan (gross M RP) and a net material requi rements plan(net MRP) is:a) the gross MRP may not be computerized, but the netMRP must be computerized.b) the gross MRP includes consideration of the inventoryon hand, whereas the net MRP doesn't include theinventory consideration.c) the net MRP includes consideration of the inventoryon hand, whereas the gross MRP doesn't include theinventory consideration.d) the gross MRP doesn't take taxes into account. whereasthe net M R P includes the tax considerations.e) the net MRP is only an estimate, whereas the gross MRPis used for actual production scheduling.
Can anyone solve this problem? 1.Draw a network to represent the sequence ofstages involved in the preparation of budgets.2. Can the whole process be completed withinthe required period of 17 weeks?3. If it is necessary to reduce the time taken tocomplete the budgeting process, which stagesshould be investigated and why?4. Explain the difference between total float, freefloat and independent float. Show that stage 1has a free float of 3 weeks, of which 2 weeksare independent float.
Many automobiles can be ordered in one of two engine sizes (examples are theLincoln LS, the Lexus Coupe, and the Jaguar S Type) but are virtually identical inevery other way. How might these automakers use the concept of postponement intheir production planning?
What is computerized short-term scheduling that overcomes the disadvantage of rule-based systems by providing the user with graphical interactive computing?a) LPT b) FCSc) CSS d) FCFSe) GIC
Which is not considered to be an OPSCM execution process by any of the most popular models? Select one: A. returns B. manufacturing/production/make C. logistics D. procurement/acquisition/purchasing E. research & development

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