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3 years ago

Which of following is a TRUE statement about inventory within a continuous review system?

Business

1 answer:

garri49 [273]3 years ago

5 0

Answer:

c. When ordering or setup costs increase, Economic Order Quantity increases

Explanation:

In inventory there are two types of review systems used to replenish stock, the periodic inventory and continuous inventory.

Continuous inventory involves ordering the same quantity of a good in each order. However the rate at which goods are replenished varies based on monitoring of level of goods. Orders are made when inventory gets to a certain level.

In this instance when there is an increase in ordering or setup there needs to be allocation of a higher amount for orders. The additional cost is added to the economic order quantity

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Aquatica makes underwater camera housings for divers. The process begins with a solid rectangular block of aluminum which is use

Marizza181 [45]

Answer:

(a) capacity=3.05hours

(b) utilisation percentage= 0.90 or 90%

(d)Batch size of D700 is approximately equal to 7

Explanation:

(a)To calculate Capacity

=( Batch size) /(set up time + processing time)

= 12/ (32+17×12) = 12/236 minutes = (12/236) ×60 hours =

3.05 hours

(b)Capacity for assembly: = 113/6 = 18.8/minute = 60/18.8 = 3.19/hour as assembly takes 113 minutes per housing per worker and 6 workers are working at the moment Assembly time for batch of 12 housings = 12/3.19 hr = 3.77 hr CNC time for batch = 32+(17×12 )= 236 minutes = 3.93 hr Utilization of CNC: = (17*12)/60/3.766 = 0.902815 = 0

O.90 or 90%

(c)Average inventory = 1/2 ×batch size × (1-(capacity for assembly × 1/4))

= 1/2×12*(1-(3.186/4) = 1.22(Approximately)

(d)Total demand of all the housings = 0.4+0.5+0.6+0.7+0.8 = 3/hour

Setup time per housing = 32/60 hr = 0.53 hr

Setup time for 5 housings will be = 5×0.53 = 2.67 hr

The Processing time = 17/60 hr = 0.2833 hr

Total batch size = (2.67×3)/(1-3×0.2833) = 53.36

Batch size of D700 = 53.36*(0.4/3) = 7.11 = 7(approximately)

4 0

4 years ago

Which of the following best represents a walkthrough a. The controller reviews the bank reconciliation prepared by the accountan

attashe74 [19]

Answer: Option B

Explanation:A walk through can be defined as a session done by managers or other such concerned individuals of authority in the organisation. This is done with the objective to verify if there are any requirements that need to be fulfilled.

This process helps the organisation to solve the problem before it gets out of control.

Thus, from the above we can conclude that the correct option is B.

7 0

3 years ago

___________ is threatening to steal or actually stealing information from a company and then demanding payment to not use or rel

Sauron [17]

Answer:

Information extortion

Explanation:

This is a manipulative attempt by which an individual seeks to take advantage of what he is rightfully not entitled to.

4 0

3 years ago

Your company, "when life gives you lemons inc.", is thinking about expanding the number of stands that it currently has from 15

melisa1 [442]

No. The company will probably go bankrupt.

6 0

4 years ago

Social Learning Theory holds that: A. Employees learn what not to do by observing their leaders' behavior and its consequences B

alexgriva [62]

Answer:

B. Employees learn what to do by observing their leaders' behavior and its consequences

Explanation:

Social learning theory: In psychology, "social learning theory" is considered as one of the famous learning theory which was proposed by a psychologist named Albert Bandura. Social learning theory states that learning generally occurs through observing the other person. It encompasses that a new behavior is being learned through imitation process.

The main idea associated with social learning theory is that an individual tends to do things what he or she sees.

8 0

3 years ago