its not b. the periods net income to be understated
In most cases for this type of questions you would have to use a calculator, since this is not a value that can be approximated. Do you have an inverse normal function on your graphical calculator?
Answer: SEE EXPLANATION
A. 198.27 UNITS
B. 99.14 UNITS
C. 30.76 ORDERS
D. 8.12 DAYS
E. $1,784.43
Explanation:
Given the following ;
Annual order = 6,100
Carrying cost = $9 per unit per year
Ordering cost = $29
A) EOQ =sqrt[( 2 × Annual order × (ordering cost ÷ carrying cost)]
EOQ = sqrt[2 ×6100 × (29÷9)]
EOQ = sqrt(12200 × 3.22222222)
EOQ = 198.27 units
B.) AVERAGE INVENTORY :
EOQ ÷ 2
198.27 ÷ 2 = 99.14 UNITS
C.) Optimal number of orders per year:
Demand / order per year
6,100 ÷ 198.27 = 30.76 orders
D.) Optimal number of days between two orders:
Number of working days ÷ optimal number of orders
250 ÷ 30.76 = 8.12 days.
E.) Annual cost of ordering and holding inventory:
$198.27 × $9 = $1,784.43
Answer:
Spending Variance $389 Unfavorable
Explanation:
<em>The spending variance is the difference between the standard cost allowed for the actual level of activity and the actual cost incurred.</em>
$
Standard allowance ($19× 609) + 1090 12,661
Actual cost 1<u>3,050</u>
Spending Variance <u> 389 Unfavorable</u>
Answer:
Opt in
Explanation:
Opt in policy approach, is the kind of approach in which the policy is sets out in order to ensure the consistent application and the understanding of the firm or company opt in approach for communication with the individuals.
In short, it is defined as the permission expressed by the company or the firm, which gathers or collect the information , does not use the information for any other motive unless the client or the customer specially chooses or opt to allow for using the information.
