From Chapter 14: Q1) Consider the following requirements for a certain product. Period Gross requirements...
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Accounting
From Chapter 14: Q1) Consider the following requirements for a certain product. Period Gross requirements 1 0 7 2 200 3 200 1 4 500 5 0 6 4000 8 400 Beginning inventory = 300 units Setup cost = $300 per setup Lead time = 1 week Holding cost = $5 per unit per week (a) Develop the lot-for-lot MRP table - (complete table below). (b) Calculate the total relevant costs. Answer: Period Gross requirements On hand beg period 300 On hand end period Net requirements Order receipt Order release b) Total relevant costs = $
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