Answer:
EOQ: 80
order per year: 10
Explanation:
We need to solve for the Economic Order Quantity:
Where:
D = annual demand = 800
S= setup cost = ordering cost = 16
H= Holding Cost = 4
EOQ = 80
Orders per year = 800 demand/ 80 order size= 10
Answer:
$134,300
Explanation:
From the question above, we are required to total amount of indirect manufacturing costs that was incurred by Norred corporation with the information that was provided
The first step is to calculate the total variable manufacturing overhead costs
= Variable manufacturing overhead × Units produced
= $1.60 per unit × 8,000 units
= $12,800
Therefore, the total amount of indirect manufacturing costs can be calculated as follows
= Total variable manufacturing costs + Fixed manufacturing overhead
= $12,800 + $121,500
= $134,300
Hence the total amount of indirect manufacturing costs is closest to $134,300
Answer:
Operating lease
Explanation:
An operating lease is basically a lease contract that allows the lessee to use the assets but it doesn't transfer any ownership rights. It is like renting a house, you can use it as long as pay the rent, but the house isn't yours. Operating leases are not included in the balance sheet, while financial leases are.
In this case, Star Company may use the copy machines but it must return them in three years.
<span>The unique things that would separate me from other applicants applying for this job are the ff: (1) i do not care of the compensation but more on the learning i can gather at the end of the day; (2) it has always been my passion to the job; and (3) i want to share my skills and talents to the company as well.</span>
Answer:
Explanation:
Given:
Selling price of 1 lamp = $6
Cost price of 1 lamp = $4
Units sold per month = 3000
Let $T be the selling price set by the lamp seller.
Number of sold lamps per month = 3000 − (T − 6) × 1000
= 9000 − 1000 × T.
Monthly profit = (9000 − 1000p) × (T − 4)
= −1000T^2 + 13000T − 36000.
Obtaining the derivative,
dS/dT = −2000T + 13000
and setting it to zero
−2000T + 13000 = 0
T = -13000/-2000
optimal selling point, T = $6.5.
