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18 Sep 2022, 00:31
Kudos
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The Mouse's House is a popular animal preserve and amusement park in San Placente, California. The park manufactures replica elephant hats each month to meet the expected demand for that month: for example, hats expected in February are manufactured in February. Further, park policy is to retain a reserve stock of at least 20% of monthly demand to serve as the initial supply for the subsequent month, and which is put toward demand in the subsequent month. Each replica elephant hat takes ten labor hours to produce, each working day is exactly eight hours, and there are 50 hats on hand to serve as the initial supply on January 1st.
Working with a team of 20 workers in hat production, the Mouse House will begin February with exactly 100 hats in inventory.: No
If beginning inventory levels are met, the Mouse House only needs 8 workers to meet its production totals to satisfy its April sales and May initial inventory needs.: Yes
If the Mouse's House has only a team of 20 workers, it will fall more than 150 units short of expected demand in February.: Yes
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
95%
(hard)
Question Stats:
43% (03:49) correct
57%
(04:05)
wrong
based on 265
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1. For each of the following statements, select Yes if the statement accurately reflects the information given in the tabs. Otherwise, select No.
| Yes | No | |
| Working with a team of 20 workers in hat production, the Mouse House will begin February with exactly 100 hats in inventory. | ||
| If beginning inventory levels are met, the Mouse House only needs 8 workers to meet its production totals to satisfy its April sales and May initial inventory needs. | ||
| If the Mouse's House has only a team of 20 workers, it will fall more than 150 units short of expected demand in February. |
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Official Answer
Working with a team of 20 workers in hat production, the Mouse House will begin February with exactly 100 hats in inventory.: No
If beginning inventory levels are met, the Mouse House only needs 8 workers to meet its production totals to satisfy its April sales and May initial inventory needs.: Yes
If the Mouse's House has only a team of 20 workers, it will fall more than 150 units short of expected demand in February.: Yes
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06 Mar 2024, 10:16
Kudos
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Garvesh
OE is not available at my disposal.
Explanation
Statement 1: Working with a team of 20 workers in hat production, the Mouse House will begin February with exactly 100 hats in inventory.
20 workers multiplied by 22 working days multiplied by 8 working hours a day = 20*22*8 = 3520 total hours, and each hat takes 10 hours, so 352 hats can be made in January, and add the initial supply of 50 hats, so the total hats in January are 352+50 = 402. Minus 300 hats are in demand in January. Hence, the month of Feb will start with 102 hats. The answer to the first question is No.
Answer: No
Statement 2: If beginning inventory levels are met, the Mouse House only needs 8 workers to meet its production totals to satisfy its April sales and May initial inventory needs.
In April, 21 working days multiplied by 8 working hours and 8 workers = 21*8*8 = 1344, so a total of 134 hats can be made in April. 80 hats are already available from the March demand of 400*0.20. Hence, the total number of hats available in April is equal to 134+80 = 214 Hence, it can meet the need for 100 hats in April and 20 hats in the beginning inventory of May. The answer to the second statement is Yes.
Answer: Yes
Statement 3: If the Mouse's House has only a team of 20 workers, it will fall more than 150 units short of expected demand in February.
19 working days multiplied by 8 working hours a day and 20 workers available = 19*20*8 = 3040 = 304 hats can be made in Feb. while demand is 500, hence it will fall short of more than 150 hats in Feb. with 20 workers available.
Answer: Yes
20 workers multiplied by 22 working days multiplied by 8 working hours a day = 20*22*8 = 3520 total hours, and each hat takes 10 hours, so 352 hats can be made in January, and add the initial supply of 50 hats, so the total hats in January are 352+50 = 402. Minus 300 hats are in demand in January. Hence, the month of Feb will start with 102 hats. The answer to the first question is No.
Answer: No
Statement 2: If beginning inventory levels are met, the Mouse House only needs 8 workers to meet its production totals to satisfy its April sales and May initial inventory needs.
In April, 21 working days multiplied by 8 working hours and 8 workers = 21*8*8 = 1344, so a total of 134 hats can be made in April. 80 hats are already available from the March demand of 400*0.20. Hence, the total number of hats available in April is equal to 134+80 = 214 Hence, it can meet the need for 100 hats in April and 20 hats in the beginning inventory of May. The answer to the second statement is Yes.
Answer: Yes
Statement 3: If the Mouse's House has only a team of 20 workers, it will fall more than 150 units short of expected demand in February.
19 working days multiplied by 8 working hours a day and 20 workers available = 19*20*8 = 3040 = 304 hats can be made in Feb. while demand is 500, hence it will fall short of more than 150 hats in Feb. with 20 workers available.
Answer: Yes
