Given the Forecast and Booked Orders Shown in the Table

question 60

Essay

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.
$$\begin{array} { | l | c | c | c | c | c | c | } \hline \text { Period } & 1 & 2 & 3 & 4 & 5 & 6 \\\hline \text { Forecasted Demand } & 268 & 355 & 480 & 660 & 840 & 900 \\\hline \text { Booked Orders } & 520 & 400 & 325 & 450 & 420 & 300 \\\hline \text { Projected ending inventory } & & & & & & \\\hline \text { Master production schedule } & & & & & & \\\hline \text { Available to Promise } & & & & & & \\\hline\end{array}$$

Convert between fractions, decimals, and percentages.

Understand and apply basic arithmetic operations (addition, subtraction, multiplication, division) including with fractions and decimals.

Apply mathematical symbols and interpret their meanings in context.

Demonstrate understanding of exponent notation and perform calculations involving powers.

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Definitions:

Immaterial Variances

Minor variances in accounting that are not significant enough to affect decision-making processes.