<span>GDP per capita is not a good measure of the standard of living because there is no attention paid to the price level in GDP per capita. For example, your GDP could be really high such as in places like Japan(largest economy in the world at the moment) so their GDP per capita is high. However, their cost of living is also very high(due to lack of land area) leading to a low standard of living.</span>
Answer:
a. The answer is:762 bottlé.
b. The answer is: 487 bottles.
Explanation:
a. The economic order quantity is calculated as: 
= 
= 762 units because: D = annual demand = Weekly demand x week opening per year = 134 x 52 = 6968; S = Cost per order = 25; H = Holding cost per unit = 15% x purchase price = 15% x 4 = 0.6
b. Inventory level to place order:
With the inventory system providing a 95 percent service probability, z level is 1.64 (using the NORM.S.INV function in excel).
So Inventory level to place order = 134 * 3 + 1.64 * 30 * 3^0.5= 487 bottles.
Answer:
a
Explanation:
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Answer:
$336.60 per unit
Explanation:
The computation of selling price per unit is given below:-
For computing the selling price per unit first we need to follow some steps which is shown below:-
Total fixed costs = Fixed overhead costs + Fixed selling and administrative costs
= $679,000 + $114,000
= $793,000
Fixed cost per unit = Total fixed costs ÷ Number of units expected to be produced
= $793,000 ÷ 12,200
= $65 per unit
Total costs per unit = Direct materials + Direct labor + Variable overhead + Fixed cost per unit
= $122 + $52 + $67 + $65
= $306
Now,
Selling price per unit = Total cost per unit × (1 + Markup)
= $306 × (1 + 10%)
= $306 × 1.1
= $336.60 per unit
Answer:
When a report is based on data from a large number of sessions you may see the following notice at the top of the report This report is based on sessions.You can adjust the sampling.
Explanation:
hope this helps
