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3 years ago

With inventory, "lead time" is the term used to describe the

Business

1 answer:

Sever21 [200]3 years ago

6 0

Answer:

The lead time is the delay applicable for inventory control purposes. This delay is typically the sum of the supply delay, that is, the time it takes a supplier to deliver the goods once an order is placed, and the reordering delay, which is the time until an ordering opportunity arises again

Explanation:

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What types of decision need to be made by groups?

Aleks04 [339]

Trust, responsibility, and hardworking.

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3 years ago

When a country imports more than it exports, it has a(n)?

KIM [24]

It has a trade decifit.

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4 years ago

A cost incurred in the past that is not relevant to any current decision is classified as a(n):_________

inessss [21]

A cost incurred in the past that is not relevant to any current decision is classified as a(n): Sunk costs

This is further explained below.

<h3>What are Sunk costs?</h3>

Generally, A cost that has already been incurred but cannot be recouped is referred to as a "sunk cost" in economics and the process of making business decisions. In contrast to sunk costs, prospective costs are future expenses that might be avoided if action is done, while sunk costs have already been incurred.

In conclusion, A cost that was incurred in the past but is not relevant to any choice that is being made at this time is considered to be a(n): Incurred expenses

Read more about Sunk costs

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2 years ago

Slapshot Company makes ice hockey sticks. Last week, direct materials (wood, paint, Kevlar, and resin) costing $28,000 were put

elena55 [62]

Answer:

Part 1. Calculate the total prime cost for last week

Direct materials 28,000

<u><em>Add </em></u>Direct labor 28,000

Prime Cost 56,000

Part 2. Calculate the per-unit prime cost

per-unit prime cost=$56,000/5,600

=$10.00

Part 3. Calculate the total conversion cost for last week

Direct labor 28,000

<u>Add </u>Manufacturing Overheads 55,000

Total conversion cost 83,000

Part 4. Calculate the per-unit conversion cost.

per-unit conversion cost=$83,000/5,600

=$14.82

Explanation:

Part 1. Calculate the total prime cost for last week

Prime Cost = Direct Materials + Direct Labor

Part 2. Calculate the per-unit prime cost

Per Unit Prime Cost = total prime cost/number of units manufactured

Part 3. Calculate the total conversion cost for last week

Conversion Cost = Direct Labor + Manufacturing Overheads

Part 4. Calculate the per-unit conversion cost.

Per-unit conversion cost =Total Conversion Cost / number of units manufactured

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3 years ago

Curtis needs to find an inexpensive technology that will enable his company's employees to share, organize, and update their rec

lions [1.4K]

A wiki is probably the best of the choices presented, because it's editable by everyone. But wikis get out of control pretty quickly if nobody is assigned to be the wiki-keeper.

Forum software can actually be the best approach, because forums can be divided into different topics for different projects, and posts in chronological order (with attachments) help everybody keep track of what happened when.

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3 years ago

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