Scenario C.1 Jerry Allison Is in Charge of Production for a Small

question 49

Multiple Choice

Scenario C.1
Jerry Allison is in charge of production for a small producer of plumbing supplies. The cricket model has an estimated annual demand of 12,000 units and can be produced at a production rate of 90 units per day. The company produces (and sells) the cricket 300 days per year. Setup cost to produce this model averages $22 and the item has a holding cost of $3 per unit per year.
-Use the information in Scenario C.1. How many production runs per year are needed if Jerry chooses to produce at his economic production lot size (ELS) ?

• A) fewer than or equal to 10 runs
• B) greater than 10 runs but fewer than or equal to 20 runs
• C) greater than 20 runs but fewer than or equal to 30 runs
• D) greater than 30 runs

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Definitions:

Parental Discipline

Refers to the methods and strategies parents use to teach, guide, and correct their children's behavior, aiming at promoting proper conduct.

National Origin

Refers to the country where a person was born, or, more broadly, to the country or countries that one's ancestors come from.

Dual Citizen

An individual who is legally recognized as a citizen of two countries simultaneously.

Economic Status

The classification of an individual, family, or group's financial health, typically measured by income, wealth, and employment.