For product W, a firm has an annual holding cost percentage of 20%, an ordering cost of $110 per order, and annual demand of 15,
1 answer:
Answer:
812.40 units
Explanation:
Given that,
Annual holding cost percentage = 20%
Ordering cost = $110 per order
Annual demand = 15,000 units
Units Ordered - Price Per Unit
1-250 - $30.00
251-500 - $28.00
501-750 - $26.00
751 and up - $25.00
Optimal order quantity:
=
=
=
= 812.40
Therefore, the optimal order quantity is 812.40 units.
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Answer:
$600 unfavorable
Explanation:
The budgeted cost of producing 14,000 units at $5.50 per unit and with fixed costs of $19,400 is:
The variance is given by subtracting the budgeted cost by the actual cost ($97,000):
Since the variance is negative, the variance is unfavorable
Answer:
Check the explanation
Explanation:
Labor Input is an indicator the pointer characterizing the labor expressed expenditure in man-hours on a production of a particular consumer value or on a technical operation.
Total product is the total amount of output that a firm produces; it is usually stipulated in relation to a variable input.
Marginal Product is the physical efficiency or productive ability of an input in the change in output which results from employing one more unit of a particular input, presumptuous that the amounts of other inputs are kept constant.
Average Product is the amount of the overall output that was being produced per unit of a variable input, holding all other inputs at a constant rate.
The graphical solution to the question above can be seen in the attached image below.
