Answer:
Order size = 50 cars
The number of orders=25
Explanation:
<em>The Economic Order Quantity (EOQ) is the order size that minimizes the balance of ordering cost and holding cost. At the EOQ, the carrying cost is equal to the holding cost. </em>
It is computed using the formulae below
EOQ = √ (2× Co× D)/Ch
Co- Ordering cost, Ch- Carrying cost - D- Annual demand
EOQ= √2× 1000× 1250/1000= 50
Number of cars to be ordered per time, i.e optimal order size= 50 cars
Order size = 50 cars
b)
The number of times orders should be placed per year would be calculated as follows:
The number of orders = Annual demand/ order size
The number of orders= 1250/50 = 25
The number of orders=25
As
given in the item above, the demand function is,
<span> q = 36 – 4p</span>
To
determine the inverse function,
<span> Replace every q with p and every p with q and
solve for the new q’s as shown below.</span>
<span> p = 36 – 4q</span>
Simplify
the equation to determine the value of q.
<span> 4q = 36 – p</span>
<span> q = 9 – p/4</span>
<span>Answer:
q = 9 – p/4</span>
Answer:
The answer is: Total DPMO of the overall process is = 4,733.33
Explanation:
To calculate the defects per million opportunities (DPMO) we use the following formula:
DPMO = (D/(U*O))*1,000,000
- Defects = D
- Unit = U
- Opportunity to have a defect = O
We are given the following data:
<u>Service A:</u> <u>Service B:</u>
D = 10 D = 17
U = 500 U = 1,000
O = 15 O = 5
DPMO Service A = [10 / (500 x 15)] x 1,000,000 = 1,333.33
DPMO Service B = [17 / (1,000 x 5)] x 1,000,000 = 3,400
Total DPMO = 4,733.33
Answer: <em>Total Period Cost = $20,500</em>
Explanation:
Given :
Salary = $4000
Factory supply = $1000
Indirect labor = $6000
Direct material = $16000
Advertising expense = $2500
Office expense = $14000
Direct labor = $20000
Period costs are the costs incurring that do not tend to be a section of manufacturing process. Therefore, we compute the Period Cost using the following formula:
<em>
Period costs = Salary + Advertising expense + Office expense
</em>
<em>
= $4,000 + $2,500 + $14,000
</em>
<em>
= $20,500</em>
The answer to this question is $250,000. It is because in the rules of the FDIC (Federal Deposit Insurance Corporation) they follow a standard insurance amount of $250,000 that is why I have come up with that answer. FDIC also caters to money market deposit accounts and certificate of deposit.
