A retired operations management professor moves to New Orleans, joins the Krewe of Orpheus and convinces krewe leadership to buy their own swizzle stick production
equipment. They invest in a medium-scale machine called the Swizzo 2025, which is capable of producing swizzle sticks at the rate of 1800 per day. They run through the calculations and realize that with the space taken up by the machine, they can't possibly produce an optimal batch, so they cut the batch size down to a manageable 60,000 units. If a swizzle stick takes up 0.5 cubic inches, how much warehouse space will they save at peak inventory levels compared to producing the optimal batch size?
A) 2.11 cubic feet
B) 4.31 cubic feet
C) 6.57 cubic feet
D) 9.34 cubic feet
Answer: A
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McDonald has invented a machine that harvests corn in the field, automatically shucks the corn from the husk, and peels the kernels from the cob, separating everything for easy disposal or further use. Assuming that all requirements are met for a patent, the length of his patent protection will be
A. 14 years from the completion of the invention. B. 20 years from the filing of the application with the U.S. Patent and Trade Office. C. 14 years from the filing of the application with the U.S. Patent and Trade Office. D. 20 years from the completion of the invention.
A mobile phone manufacturing company observes that the main reason for an abrupt fall in their sales volume is the unconventional design of their phones that consumers found inconvenient and unattractive
The findings prompt the company to adopt a new strategy. They redesigned the product models keeping the requirements of the end-user in mind. According to the expectancy value-model, the company's strategy can be termed as ________. A) psychological repositioning B) real repositioning C) competitive depositioning D) physiological depositioning E) prescriptive method
Astoria is using a software application to prepare the balance sheet. Which of the following should be included in the fixed assets category?
A. Land B. Copyrights C. Contingency funds D. Goodwill
On January 31, a company needed to estimate its ending inventory to prepare its monthly financial statements. The following information is currently available:Inventory as of January 1: $120,500Net sales for January: $400,000Net purchases for January: $270,500This company typically achieves a gross profit ratio of 15%. Ending Inventory under the gross profit method would be:
A. $10,425. B. $9,000. C. $102,425. D. $51,425. E. $51,000.