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2 years ago

EA11.

Business

1 answer:

Vedmedyk [2.9K]2 years ago

3 0

Answer:

$1,700

Explanation:

Given that,

Purchase of raw materials inventory = $1,000

Assignment of raw materials inventory to Job 5 = $500

Payroll for 20 hours with $1,000 assigned to Job 5

Factory utility bills = $750

Overhead applied at the rate = $10 per hour

Cost assigned to Job 5 at the end of the week:

= Raw materials inventory to Job 5 + Labor cost + Manufacturing Overhead applied

= $500 + $1,000 + ($10 per hour × 20 hours)

= $500 + $1,000 + $200

= $1,700

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A company operating under an EOQ policy enjoys rising annual demand for their products for three consecutive years. During this

Oduvanchick [21]

Answer:

Their order quantity will rise but the time between orders will fall.

Explanation:

Let's analyse the EOQ formula:

$Q_{opt} = \sqrt{\frac{2DS}{H}}$

If Demand increases

The dividend increase, so the quotient increase.

EOQ will rise.

Only options b and c are correct on that statment.

Now let's check the time between order:

$\frac{EOQ}{Demand} \times 365$

If we analyze the increase in demand:

√(2xΔDxS/H)/ ΔD

everything else is keep constant so we have:

√(CxΔD)/ ΔDx

If we use L'Hopital we can conclude this function limit is zero.

Anyway a more easy way to do it will be calculate with a demand of 1000

and then with a demand of 50,000 to notice how much the time between order decrease.

√(1000) / 1000 = 0.031622776

√(51000)/ 51000 = 0.004428074

so we have EOQ increase and days between order decrease.

Now only option B is correct !

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2 years ago

Horten Sporting Goods Corporation makes two types of racquets, tennis and badminton. The company uses the same facility to make

shusha [124]

Answer:

Tennis racquet cost is $76.71 per unit

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Price of badminton racquet at 30% mark-up is $95.77

Explanation:

I calculated the cost of each racquet as well as their prices in the attached excel file.

I started I added all prime costs(direct materials plus direct labor costs) to overhead costs.

After having arrived at total manufacturing costs, I divided them by volume of each product to arrive at cost per unit.

I then marked up the cost by 30% to determine market price per unit.

Download xlsx

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2 years ago

Lori, who is risk averse, has two pieces of jewelry, each worth $1,000. She plans to send them to her sister's firm in Thai

Mkey [24]

Answer:

The correct answer is the option E: higher if she sends the jewelry to Thailand in separate boxes because she's risk averse.

Explanation:

On the one hand, if Lori is risk averse then that means that she tends to prefer the less risk that can be in the moment of making a decision without given importance to what she can make of that decision.

On the other hand, the expected utility hypothesis states that Lori will choose the option that will have a greater utility according to the situations.

In conclussion, Lori will choose to send the jewelry to Thailand in separate boxes because she is risk averse and she will prefer to expend more money and lower the risks and by doing that she will have a higher expected utility.

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2 years ago

Aurum Appliances manufactures three sizes of kitchen appliances: small, medium, and large. Product information is provided below

xenn [34]

Answer:

The large application should be produced first by management in order to incorporate short run profit maximizing strategy.

Explanation:

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Unit Profit / Machine-hours per unit = Unit Profit per Machine hour

Small Application

40 / 20 = $2 per machine hour

Medium Application

115 / 40 = $2.875 per machine hour

Large Application

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As per the above calculation the large application gives the highest profit per machine hour so should be produced first. Afterwards if any machine hour is left then medium application should be produced second and finally, small application third.

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Sergio [31]

Answer:

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2 years ago