Problem on operates on a just-in-time production


Assignment task: Legacy Roofing Global Ltd specializes in roofing sheets manufacturing producing three variants below:

1. Basic - this is transparent mainly for use on garden sheds.

2. Standard - standard quality house roofing sheets.

3. Premium - high quality house roofing sheets.

Each of these roofing sheets uses Special Weatherproof Material which blocks outside weather from affecting indoors. Due to industrial actions, the maximum supply of the Special Weatherproof Material as confirmed by Protect Supplies Ltd, the supplier is 312,300 metres. Maximum market demand and resource requirements of each of these roofing sheets for year 2024 are shown below: Budgeted data year ending 31 August 2024 Basic Standard Premium Maximum demand 21,000 45,000 32,000 Special Weatherproof Material per sheet (metres) 2 Metres 5 Metres 6 Metres Legacy Roofing Global Ltd's employs a low cost and no-frills strategy aiming value for money delivery to its customers. To curtail high cost of stock storage, Legacy Roofing Global Ltd operates on a just-in-time production (JIT) method so that opening and closing inventory levels of the Special Weatherproof Material are zero. Without mandate, Amelia Rose Legacy Roofing Global Ltd's Sales Director has already accepted an order for 12,000 Standard Roofing Sheets Contract to Rolco Construction

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Accounting Basics: Problem on operates on a just-in-time production
Reference No:- TGS03417197

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