(08)_APADMS_2510_Winter_2009_Final_Examination

9 2 belt buckles production needs 504000 ending

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Unformatted text preview: 50,000 ) 504,000 ======= units ( 5 Marks ). 2) Compute the raw materials purchase needs for the upcoming 2009 year. [9] 2). Belt Buckles Production needs 504,000 Ending inventory 81,000 Beginning inventory ( 40,000 ) Purchases ( units ) 545,000 ======= Rawhide Production needs [ ( 504,000 x 40 ) / 36 ] 560,000 Ending inventory [ ( 81,000 x 40 ) / 36 ] 90,000 Beginning inventory ( 50,000 ) Purchases ( yards ) 600,000 2010 540,000 54,000 594,000 ( 54,000 ) 540,000 ======= ======= Liner Production needs [ ( 504,000 x 40 ) / 36 ] Ending inventory [ ( 81,000 x 40 ) / 36 ] Beginning inventory Purchases ( yards ) 560,000 90,000 ( 60,000 ) 590,000 ======= ( 9 Marks ). 3) Prepare the purchase order for the upcoming 2009 year to be sent to the supplier. [3] 3). 2009 Supplier Purchase Order Total purchases in dollars : Belt Buckles : 545,000 x $ 2.00 = $1,090,000 Rawhide : 600,000 x $ 0.80 = $ 480,000 Liner : 590,000 x $ 0.20 = $ 118,000 $ 1,688,000 ========== ( 3 Marks ). 4) A new supplier has approached you on the benefits of JIT inventory management. Provide 3 intended benefits in JIT of working with fewer vendors on longer-term contracts? [3] 4). Benefits include; • negotiating lower prices, • greater assistance and cooperation, • shorter lead times, • front-end quality assurance and control, • technical advice and assistance, and • higher reliability. ( 1 Mark for Each Relevant Benefit, Maximum 3 ). Last name (surname): ____________________ First name: ____________________ Student ID#: ___________________________ YORK UNIVERSITY Atkinson School of Administrative Studies ADMS 2510 3.0 Final Exam, Winter 2009 Topic A – Part 2 Instructions • This is a closed book examination and no collaboration is allowed. • Put your name and student number at the top of the page. • Place your answer to each question on space provided after each question. To work out your answer you can use the examination paper. • You may write with a pencil or pen. • You are allowed the use of a sim...
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This note was uploaded on 02/11/2014 for the course ADMS 2510 taught by Professor Beavis during the Spring '08 term at York University.

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