Answer:
$842,400
Explanation:
The direct labor cost given is a function number of hours needed to produce a unit, the number of units to product and the cost per labor hour.
The total budgeted direct labor cost is the product of these elements. Given that a unit requires 3 hours, the total number of hours required to produce 23400 units
= 23400 * 3
= 70200 hours
If the labor cost per hour is $12, the total budgeted direct labor cost for May
= 70200 * $12
= $842,400
Answer:
Explanation:
A) The current order cycle length = 2 weeks
= 2 / 50 year = 0.04 year
B) The current order size
cycle time ( 2 weeks ) * demand per unit time ( 100 bottles )
= 2 * 100 bottles = 200 bottles
C) average inventory
= order size / 2 weeks = 200 / 2 = 100 bottles
D) calculate how much the liquor store spend per year on ordering
first we calculate the number of orders per year = 50 / 2 = 25
next the amount spent per year on ordering = 25 * 10 = 250
E) calculate inventory holding costs per year
= average inventory * cost of holding per bottle
= 100 * 2 = 200
<u>Answer: </u>Carnegie Steel had a(n) Integrated channel relationship<u>.</u>
<u>Explanation:</u>
Carnegie Steel Company has an integrated marketing channel. As the company is involved in vertical integration the company is in the same line of business from acquiring raw materials to making it into finished goods.
So there is a better bonding between the channels of the business. It makes it cost beneficial and ease of operations for Carnegie. The company also has advantage of maintaining the time of stock delivery. This business has connected chain of entities internally and externally.
<span>Reduce the uses of fossil fuels, and gasses that are released into the air. Also reduce the burning of wood and wood by products</span>
Answer:
24%
Explanation:
Price elasticity denotes the percentage change in quantity demanded in response to certain percentage change in price. Elasticity of price is calculated as follows:
Elasticity of price = % change in quantity / % change in price
-2.42 = % change in quantity / 10%
% change in quantity = 2.42 * 10%
% change in quantity = 24.2%