Capacity in excess of expected demand that is intended to offset uncertainty is a: O positioning hedge. O margin protect. O capacity cushion. Oline balance. O timing bubble.
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- Proctoring Enabled: Chapter 12 Computer Simulati. O Help Save & Exit Submit Saved Given this frequency distribution, what demand values would be associated with the following random numbers? (Do not round intermediate calculations.) Demand Frequency 29 1 23 2. 19 3. 29 Random Number Simulated Demand 0.3 0.5 0.9 Mc Graw Hill < Prev 2 of 5 ASUSReserve capacity is a general consideration for any manufacturing or service enterprises. Which among the following is a measure of the reserve capacity which handles unexpected increases in demand O a. Capacity cushion O b. Capacity bottleneck Capacity limit O d. Capacity PlanningTuff-Rider, Inc., manufactures touring bikes and mountain bikes in a variety of frame sizes, colors, and component combinations. Identical bicycles are produced in lots of 110. The projected demand, lot size, and time standards are shown in the following table: Item Touring Mountain Demand forecast 4,000 units/year 12,000 units/year Lot size 100 units 110 units Standard processing time 0.25 hour/unit 0.50 hour/unit Standard setup time 2 hours/lot 3 hours/lot The shop currently works 8 hours a day, 5 days a week, 52 weeks a year. It operates five workstations, each producing one bicycle in the time shown in the table. The shop maintains a 15 percent capacity cushion. How many workstations will be required next year to meet expected demand without using overtime and without decreasing the firm's current capacity cushion? The number of workstations required next year is ?(Enter your response rounded up to the next whole number.)
- Tuff-Rider, Inc., manufactures touring bikes and mountain bikes in a variety of frame sizes, colors, and component combinations. Identical bicycles are produced in lots of 100. The projected demand, lot size, and time standards are shown in the following table: Item Touring Mountain Demand forecast Lot size Standard processing time Standard setup time 5,000 units/year 100 units .25 hour/unit 2 hours/lot 10,000 units/year 100 units .50 hour/unit 3 hours/lot The shop currently works 8 hours a day, 5 days a week, 50 weeks a year. It operates five workstations, each producing one bicycle in the time shown in the table. The shop maintains a 15 percent capacity cushion. How many workstations will be required next year to meet expected demand without using overtime and without decreasing the firm’s current capacity cushion?QuestionByron Sports is a manufacturer of sportswear. It produces all of its products in one department using a process costing system.The information for the current month is as follows:Beginning work in process (30% complete as to conversion cost) 12,000 unitsUnits started 90,000 unitsUnits completed and transferred out ?Ending work in process (70% complete as to conversion) 8,000 unitsCosts:Beginning work-in-process direct materials $28,800Beginning work-in-process conversion $5,040Direct materials added during month $216,000Conversion costs incurred during the month $139,200Direct materials are added at the beginning of the process. Conversion costs are incurred uniformlythroughout the production process. Costing is handled on a FIFO basis Required:a. Prepare a production cost worksheet using 5 steps approach.b. Under what conditions would a process costing system be more appropriate than a job order costing system? Explain.OVERBOOKED: FRONT OFFICE PERSPECTIVE Overbooking is an accepted hotel and airline practice. Many questionthe practice from various standpoints, including ethical and moral.Industry executives, however, argue that there is nothing moreperishable than a vacant room. If it is not used, there is no chance toregain lost revenue. Hotels need to protect themselves becausepotential guests frequently make reservations at more than one hotelor are delayed and, therefore, do not show up. The percentage of no-shows varies by hotel and location but is often around five percent. In a 400-room hotel, that is 20 rooms, or an average loss ofapproximately $2,600 per night. Considering these figures, it is notsurprising that hotels try to protect themselves by overbooking.Hotels look carefully at bookings: Whom they are for, what rates theyare paying, when they were made, whether they are for regular guestsor from a major account (a corporation that uses the hotel frequently),and so on. Jill Reynolds,…
- Culinary Creations caters weddings, office parties, and the like. Monica, the owner of Culinary Creations, offers delectable dishes and impeccable service. Her firm has gained a reputation for offering unique themed dinners and parties. Consequently, there is no shortage of demand. If a customer wants to customize a party beyond the regular “themes,” the customer must reserve a date several months in advance so that Monica can plan for all contingencies and deliver perfection. Culinary charges a premium price for its unique services. Required: a. Describe three internal processes that Culinary must execute well to deliver on its value proposition. Justify your choices. b. What might be the appropriate performance measures for these critical processes?IIn a job shop, effective capacity is only 69 percent of design capacity, and actual output is 76 percent of effective output. What design capacity would be needed to achieve an actual output of 13 jobs per week? What is its effective capacity? a. The Design Capacity needed to achieve the required actual job outputs =Blank 1 (round to whole number) b. The Effective Capacity needed to achieve the required actual job outputs = Blank 2 (round to whole number) Blank 1 Blank 2 Add your answer Add your answercion Level capacity strategy is to maintain a variable rate of regular time output while meeting variations in demand by a combination of options O a. False put of O b. True EVIOUS PAGE NEXT PAGE 144 Optix MAG241C URVED LED GAMING MONITO 1500R 直
- A 30,000-seat college football stadium is used 20 times for games, concerts, and graduation ceremonies in a year. Each event averages 6 hours and assumes the stadium is full for each event. The stadium is available 365 days a year from 6 am to midnight. Find the stadium (seat) utilization.Chase capacity strategy is a reactive strategy in which a company tries to alter its capacity using several opitions like hire/lay off workers, subcontracting and others: a. True b. FalseDiscuss in length why capacity needs prediction. You are required to reference Hard Rock Cafe in your explanation