Steel was important to the second industrial revolution majorly because of its properties and its potential uses. Because steel is very strong, light and cheap, it was found ideal for many purposes. Steel was used to make many of the new inventions that characterized that period, a good example of this is rail road.

6 0

3 years ago

A company has set a low price on a new product it introduced. It wants to maximize its market share and attract a large number o

KATRIN_1 [288]

Answer:

A. Market-penetration pricing

6 0

3 years ago

Read 2 more answers

Use the information below to calculate the number of orders per year when using the EOQ: Annual demand for an item is 43,000 uni

IRINA_888 [86]

Answer:

The closest answer is 49.

Explanation:

Given that,

Annual demand, D = 43,000 units

Ordering cost, O = $200

Per unit cost of the item = $50

Annual holding cost, H = annual holding rate × Per unit cost of the item

= 35% × $50

= $17.5

$EOQ=\sqrt{\frac{2\times D\times O}{H} }$

$EOQ=\sqrt{\frac{2\times 43,000\times 200}{17.5} }$

= 991.39

= 992 units

Therefore,

Number of orders per year = Annual demand ÷ EOQ

= 43,000 ÷ 992

= 43.34

Hence, the closest answer is 49 and this is not given in the question.

5 0

3 years ago

Vijay Company reports the following information regarding its production costs. Direct materials $9.60 per unit Direct labor $19

solong [7]

Answer:

Unitary cost= $46.4 per unit

Explanation:

Giving the following information:

Direct materials $9.60 per unit

Direct labor $19.60 per unit

Overhead costs for the year:

Variable overhead $9.60 per unit

Fixed overhead $121,600

Units produced 16,000 units

Under absorption costing, the fixed overhead is allocated to the cost of the product. Therefore, we need to calculate the unitary fixed overhead.

Unitary fixed overhead= 121,600/16,000= $7.6

Now, we can calculate the unitary cost of production:

Unitary cost= direct material + direct labor + total overhead

Unitary cost= 9.6 + 19.6 + 9.6 + 7.6= $46.4 per unit

6 0

3 years ago