Answer:
255 gallons
Explanation:
The level at Jackson & Jacinto Auto Repair should order more oil is the re-order point.
To calculate the re-order point, we require for Jackson and Jacinto.
Average daily usage
Delivery lead time ... which is three days
The average daily usage for oil is 510 gallons divided by six working days
= 510/6
= 85 gallons
Formula for getting the re-order point
= (average daily usage x delivery time)
= (85 x 3)
=255 gallons
They should re-order when they have a balance of 255 gallons
Answer:
True
Explanation:
If there is an increase in supply that reduces market price. Consumer surplus increases because both of the following reasons
(1) consumer surplus received by existing buyers increases and
(2) new buyers enter the market.
a. TRUE
Answer:
b. 3.4 pounds
Explanation:
Swifty Corporation
Product requires 2.9 pounds of materials per unit
Add Allowance for waste per unit is 0.3 pounds
Add Spoilage per unit 0.2 pounds
Standard Quantity is = 2.9+ 0.3+ 0.2= 3.4 pounds
The standard quantity per unit for direct materials should reflect the amount for each unit of finished product as well as allowance for unavoidable waste, spoilage and other normal inefficiencies
<span>Plateau periods are times in life when nothing seems to happen. The correct answer is B. In linguistics, for example, plateau effect is when you are studying a language, and you reach a certain point where you feel you are stagnating, that nothing is really happening and you're not advancing in any way. Simiarly to this, it happens in life as well, when you feel as if nothing around you is changing, you've come to a point where everything is constantly the same. </span>
Answer:
The total cost for the job is $5086
Explanation:
Given that:
Direct materials cost $3044
Direct labor-hours 46 labor hours
Direct labor wage rate $15 per labor-hour
Machine-hours 104 machine-hours
Overhead rate $13 per machine-hour
Therefore:
Direct labor = Direct labor-hours × Direct labor wage rate
∴ Direct labor = 46 labor hours × $15 per labor-hour = $690
Manufacturing overhead = Machine-hours × Overhead rate
∴ Manufacturing overhead = 104 machine-hours × $13 per machine-hour
Manufacturing overhead = $1352
The total cost for the job = Direct materials cost + Direct labor + Manufacturing overhead
∴ The total cost for the job = $3044 + $690 + $1352 = $5086
∴ The total cost for the job = $5086