Answer:
0.1472 hours or 8.832 minutes
Explanation:
Annual demand- 23,000 units
Daily demand – 92 units
Daily production – 960 units per 8 hour day
Desired lot size - 120 units
Holding cost per unit per year - $13 per unit
Set up labor cost per hour - $25 per hour
Set up cost:
= {(120 × 120) × $13 × [1 - (92 ÷ 960)]} ÷ [2 × (23,000)
]
= $169,260 ÷ 46,000
= $3.68
Set up time:
= Set up cost ÷ Set up labor cost per hour
= $3.68 ÷ $25 per hour
= 0.1472 hours or 8.832 minutes
If the marginal cost curve lies below the average cost curve then as output increases, <u>average total cost </u><u>is </u><u>decreasing. </u>
<h3>What is marginal cost?</h3>
- It shows the cost of producing an additional unit.
When this measure is decreasing, it means that every time another unit is produced, less cost is incurred. This will lead to average total cost falling because there is less cost but more output.
Find out more on marginal cost at brainly.com/question/10830860.
Answer:
Students believe that if the initiative does not happen, the funds for the initiative will not be spent elsewhere.
Explanation:
The visual appearance is both non rival and non excludable I.e. Pure public good
Benefit is 17*490=8.330
Benefit is greater than cost so college administrators should undertake the beautification initiative
I think the correct answer would be that the period's net income that is calculated would be overstated. Not accounting the salvage would mean that the calculated income is too much of what it really is since the depreciation value is miscalculated. Hope this helps.