Answer:
Company A
The number of items that should be produced in each run to minimize total costs of production and storage is:
= 22,000 units
Explanation:
a) Data and Calculations:
Total annual demand = 550,000 units
Cost per production run = $330
Cost per unit = $5
Storage (holding) cost per item = $0.75
The number of items that should be produced in each run to minimize total costs of production and storage is given by Economic Order Quantity (EOQ) formula
= square root of (2 * 550,000 * $330)/$0.75
= square root of $363,000,000/$0.75
= square root of 484,000,000
= 22,000 units
Answer: $500
Explanation:
Interest for the period = Amount borrowed * Interest rate * 120/360 days
= 15,000 * 10% * 120/360
= $500
Answer:
The correct answer is D.
Explanation:
Giving the following information:
Quarter 1: 17,000;
Quarter 2: 15,000;
Quarter 3: 19,000;
Quarter 4: 21,000.
Company policy is to have a target finished-goods inventory at the end of each quarter equal to 25 % of the next quarter's sales.
2nd Q production:
Sales= 15,000
Ending inventory= 0.25*19,000= 4,750
Beginning inventory= (15,000*0.25)= (3,750)
Total= 16,000 units
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