Given the forecast and booked orders shown in the table, and a beginning inventory of 12, complete this master production schedule. The company operates with a lot size of 144
Period 1 2 3 4 5 6
Forecasted Demand 268 355 480 660 840 900
Booked Orders 520 400 325 450 420 300
Projected ending inventory
Master production schedule
Available to Promise
What will be an ideal response?
Answer:
Period 1 2 3 4 5 6
Forecasted Demand 268 355 480 660 840 900
Booked Orders 520 400 325 450 420 300
Projected ending inventory 68 100 52 112 136 100
Master production schedule 576 432 432 720 864 864
Available to Promise 68 32 107 270 444 564
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Poseidon Marine Stores Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. Poseidon uses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows:
Direct materials: 4 pounds per unit; $4 per pound Direct labor: 4 hours per unit; $15 per hour Poseidon produced 5000 units during the quarter. At the end of the quarter, an examination of the labor costs records showed that the direct labor cost variance was $6000 F. Which of the following is a logical explanation for this variance? A) The company used fewer labor hours than allowed by the standards. B) The company paid a lower cost per hour for labor than allowed by the standards. C) The company used a lower quantity of direct materials than allowed by the standards. D) The company paid a lower cost for the direct materials than allowed by the standards.
An assessment of a country's or region's political-regulatory climate includes an analysis of its political stability and ________.
A. economic infrastructure B. trade regulations C. currency exchange rates D. stock market performance E. cultural diversity
The company's objective is to increase sales next year. This is an example of a well-stated objective.
Answer the following statement true (T) or false (F)
Which of the following statements regarding SDLC methodology is false?
A. Following this type of methodology should ensure that development efforts are efficient and consistently lead to information systems that meet organizational needs. B. These guidelines are appropriate only when an organization is going to acquire an AIS, not when they plan to develop it in-house. C. Users, managers, and auditors provide approvals called signoffs. D. Specific reports and other documentation, called deliverables, must be produced periodically during systems development.