A 3D printer is used to make 3 different colors of novelty h…

A 3D printer is used to make 3 different colors of novelty holiday ornaments. The printer must be set up and adjusted for each color. Setup time is [su] minutes and production time is [p] minutes per ornament. Hourly demand for the ornaments is as follows follow: Red Blue Green 1 1.5 [d] What is the optimal total production cycle quantity to minimize inventory while satisfying demand?

A souvenir store sells New Year’s Eve sweatshirts with the y…

A souvenir store sells New Year’s Eve sweatshirts with the year and a slogan printed on them. Demand for the sweatshirts is normally distributed with a mean of 200 and a standard deviation of 35. What is the minimum number of sweatshirts to be ordered to achieve a 90% in-stock probability?

A shipping container refurbishment company measures its outp…

A shipping container refurbishment company measures its output by the number of containers refurbished. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for October. Fixed Element per MonthVariable Element per Container RefurbishedActual Total for OctoberRevenue $ 4,100$ 158,600Employee salaries and wages$ 50,600$ 1,100$ 92,700Refurbishing materials $ 700$ 27,000Other expenses$ 41,200 $ 40,800When the company prepared its planning budget at the beginning of October, it assumed that 40 containers would have been refurbished. However, 38 containers were actually refurbished.The revenue variance in the Revenue and Spending Variances column of a report comparing actual results to the flexible budget would have been closest to: