The main goal of evaluating impairment of inventory is to provide users of financial statements an accurate assessment of how the company stands. PIGS has three categories of inventory – live hogs ready for sale, developing animals, and processed pork products. Within these categories, PIGS has inventory of live hogs and developing animals which are to be internally processed into pork products, and also live hogs and developing animals which are held for sale to third parties. The issue of holding inventory at lower of cost of market is with the hogs sold to third parties (PIGS feels that the internally processed products cover costs sufficiently and will not have a LCM issue). However, with the Big Bad Wolf being captured, market prices for lean pork have decreased due to the increased supply of pork. The carrying cost of the live and developing hogs is now (and for the next few months) more expensive than the market value. However, the CEO believes that this is just a seasonal fluctuation.…
While taking into account the above requirements, the Director should choose to purchase 15 new trucks and trailers, keep the transportation and scheduling functions in-house at the slaughterhouse and create 30 size-adjustable pens to make sure the slaughterhouse can run at 100% capacity while keeping costs low. This option will allow the slaughterhouse to keep control of their critical logistics function to get the right number of hogs to the right…
Looking forward we see that our demand is coming in very strong, too strong in fact for our current capacity. Pro-forma financial statements have been generated showing what our realistic potential is for the next 3 years in Exhibit 3. Current capacity constraints will decrease production on our lowest Contribution margin items, meat ball and veal. With this happening we will not meet our…
1. There are essentially three major categories of hog inventory—live hogs ready for sale, developing animals, and processed pork products.…
1. The raw materials are received by one of the employees of the batching department and it is only at the end of the day that tallies are given to the inventory control department. Reason: There is no control to ensure that the actual raw material signed in is actually received and used.…
4. On average, how long will the trucks have to wait on a busy day? Assume a 7am start of processing of berries.…
Mr. Dupont has proposed two logistic set up changes. The changes recommend by Mr. Dupont was to decrease the delivery time to 48 hours, and to cut the minimum order possible to the equivalent of four pallets for a given customers (Dornier, Ernst, and Fender, 1998). However, both of Mr. Dupont’s proposals will lead to…
4) On average, how long will trucks have to wait on a busy day? Assume at 11a.m. start of processing of berries and a continuous arrival of berries of 1500 bbls/hr?…
2. How many orders can you fill in a night, assuming that you are open four hours each night? (Assume that the system is in steady state when the process starts).…
The $45billion US domestic delivery market could be categorized into 2 segments. These consisted of letters weighing 0 to 2 pounds, packages weighing 2.0 to 70 pounds, and freight weighing over 70 pounds. The mode of transit categories were air and ground with the time categories being overnight, deferred delivery, three day delivery and regular delivery which occurred 4 or more days after pickup.…
Lynn, B. 2012. Is Eradication the Best Feral Hog Management Option?. Outdoor Life the Source for Hunting and Fishing…
Predicted at least 900 lambs produced , each will be slaughtered at 21 weeks of age at 50kg= 900x50= 45000kg…
Manhattan Associates, “Transportation, Planning & Execution: TMS Logistics Software” 2009 Web March 27, 2013 from http://www.manh.co.uk…
Without an existing time standard for the production of katsa bags, the management allocates extensive time allowance for the completion of job orders. This results to excessive avoidable delays taken by the workers.…
for incoming and outgoing vehicles at farms, mills and terminals, as well as for bulk loading…