Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 12,500 flashing lights per yearand has the capability of producing 105 per day. Setting up the light production costs $52. The cost of each light is $1.00. The holding cost is $0.10 per light per year.a) What is the optimal size of the production run?Optimal Size of the Production run = Qp =b) What is the average holding cost per year?2DS√ + [₁-9]units (round your response to the nearest whole number).Average Holding Cost per Year = Average Inventory x Holding Cost per Unit =decimal places).c) What is the average setup cost per year?Qp27² × [1₁-11]Average Setup Cost = Number of Orders Placed per Year x Setup Cost per Order =d) What is the total cost per year, including the cost of the lights?Total Cost = Annual Holding Cost + Annual Setup Cost + Product Cost = $-S=x Holding Cost per Unit = $(round your response to two(round your response to two decimal places).(round your response to two decimal places).

Operating days in a year = 300 daysAnnual demand (D) = 12,500 unitsDaily demand (d) = 12500/300 =…

Answered: Radovilsky Manufacturing Company, in…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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

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Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 12,300 flashing lights per year and has the capability of producing 100 per day. Setting up the light production costs $48. The cost of each light is $1.05. The holding cost is $0.15 per light per year. a) What is the optimal size of the production run? units (round your response to the nearest whole number).
Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 12,300 flashing lights per year and has the capability of producing 100 per day. Setting up the light production costs $48. The cost of each light is $1.05. The holding cost is $0.15 per light per year a) What is the optimal size of the production run? 3653 units (round your response to the nearest whole number). b) What is the average holding cost per year? $ 161.65 (round your response to two decimal places) c) What is the average setup cost per year? $ 161.62 (round your response to two decimal places). d) What is the total cost per year, including the cost of the lights? $ (round your response to two decimal places).
f Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 12,300 flashing lights per year and has the capability of producing 95 per day. Setting up the light production costs $51. The cost of each light is $1.00. The holding cost is $0.05 per light per year. a) What is the optimal size of the production run? 6,644 units (round your response to the nearest whole number). b) What is the average holding cost per year? $ 166.10 (round your response to two decimal places). nis 3 1 Calculator -8 FI N @ 2 W S * F2 Ask my instructor X H command # 3 E D 80 F3 F3 $ 4 C R DOO 000 F4 LL F or de 5 V Question Viewer FS T G A 6 B MacBook Pro F6 Y H & 7 N 44 F7 U J 8 M DII FB - K ( 9 DD F9 O t .... - option Clear all 4 F11 { [ 2.1 ? + = 11 I ▾ 4) F12 [ } ] Final check delete 1 1 return shift H
K Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 12,300 flashing lights per year and has the capability of producing 100 per day Setting up the light production costs $48. The cost of each light is $1.05 The holding cost is $0.15 per light per year a) What is the optimal size of the production run? units (round your response to the nearest whole number).
Frety Limited sells therapeutic foam rollers for $55, and expects the demand for this product to be constant at 142 units per week. The foam rollers are ordered from a supplier at a price of $39, and each order takes three weeks to supply the product from the date that Frety Limited places an order. The business holds 130 units of the product as a safety buffer at all times. The cost of capital is 10%. At what level of inventory (in units) should the business reorder the foam rollers?
Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300days per year. It has orders for about 11,600 flashing lights per year and has the capability of producing 100 per day. Setting up the light production costs $51. The cost of each light is $0.95. The holding cost is $0.10 per light per year. a) What is the optimal size of the production run? nothing units (round your response to the nearest whole number).
3) A company produces a part that is used in its production process. The company produces the part at a rate of 300 units per day. The daily demand for the product is 180 units. The annual demand for the part is 54,000 units and occurs consistently over the 300 days that the company operates yearly. The company incurs a setup cost of $300 each time the item is produced. The cost of carrying the item in inventory is estimated to be 25 percent of the item's $100 cost. How many units should the company produce each production run to minimize its inventory- associated costs?
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K Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 12,300 flashing lights per year and has the capability of producing 100 per day. Setting up the light production costs $48. The cost of each light is $1.05. The holding cost is $0.15 per light per year. a) What is the optimal size of the production run? 3653 units (round your response to the nearest whole number). b) What is the average holding cost per year? $ (round your response to two decimal places)
Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 12,300 flashing lights per year and has the capability of producing 100 per day. Setting up the light production costs $48. The cost of each light is $1.05. The holding cost is $0.15 per light per year. a) What is the optimal size of the production run? 3653 units (round your response to the nearest whole number). b) What is the average holding cost per year? $ 161.65 (round your response to two decimal places). c) What is the average setup cost per year? $ (round your response to two decimal places).
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