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jek_recluse [69]
3 years ago
10

Coronado Industries is planning to sell 900 boxes of ceramic tile, with production estimated at 470 boxes during May. Each box o

f tile requires 44 pounds of clay mix and a 0.25 hour of direct labor. Clay mix costs $0.40 per pound and employees of the company are paid $22 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Coronado has 4700 pounds of clay mix in beginning inventory and wants to have 3900 pounds in ending inventory. What is the total amount to be budgeted in pounds for direct materials to be purchased for the month
Business
1 answer:
maksim [4K]3 years ago
5 0

Answer:

Total pounds= 19,880

Explanation:

Giving the following information:

Production= 470 boxes

Each box of tile requires 44 pounds of clay mix

Beginning inventory= 4,700 pounds

Desired ending inventory= 3,900 pounds

<u>To calculate the direct material purchase, we need to use the following formula:</u>

Purchases= production + desired ending inventory - beginning inventory

<u>Direct material budget (in pounds):</u>

Production= 470*44= 20,680

Desired ending inventory= 3,900

Beginning inventory= (4,700)

Total pounds= 19,880

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a mail-order house uses 15,875 boxes a year. carrying costs are 79 cents per box a year, and ordering costs are $97. the followi
Kitty [74]

Number of boxes price per box according to price schedule is 3.18 orders.

Given

Annual demand D = 15875 boxes per year

Carrying cost H = 0.79 cents

Ordering cost S = $97

Optimal order quantity Q

Q=\sqrt{\frac{2*15875*97}{0.79}}

Q = 1974 units

But at Q = 1974 units we are getting less discount. So, we calculate total cost at Q = 19, Q = 2000, Q = 5000, Q = 10000

Total cost = Purchase cost + Annual Holding cost + Annual ordering cost = PD + (Q/2)H + (D/Q)S

The total cost is less at optimal order quantity Q = 5000

a) Optimal order quantity = 5000 boxes

b) Number of orders = (D/Q) = 15875/5000 = 3.18

Number of orders = 3.18 orders

For more information on price schedule visit
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5 0
1 year ago
What are possible red flags or signs of a scam when buying a car?
Ede4ka [16]

Answer:

D- both A and C

Explanation:

- Being told your financing fell through

It's usually used to trick you to pay with cash. The scammers will position themselves as a 'helper' that can get you the car despite the fail financing. If your dealer told you this,it could be a red flag there's a chance that he/she might ran away with the money without giving you the car.

- Lengthy negotiations

This is not  a red flags. Both the sellers and the customers will always try to get the best deal possible. So often times, the negotiations will become lengthy until they eventually found a middle ground.

-  charging excessive fees

In order to be aware of this, you need to conduct individual researches so you have general idea regarding the market value of the car along with average prices for additional services.

8 0
4 years ago
A patent: Group of answer choices includes articles or processes falling under the category of physical phenomena or abstract id
ryzh [129]

Answer:

The correct answer is letter "C": deprives competitors of the opportunity to use the invention without the patent holder's consent.

Explanation:

Patents are grants given to the creator of innovation by which that individual is the only person with the right of use of the new technology. The U.S. Patent and Trademark Office (USPTO) is the agency in charge of evaluating the patent requests and providing them whenever suitable.  

Patents are usually given for 20 years beginning from the date when the patent application was filed in the USPTO. If approved, <em>other individuals cannot use, replicate or exploit the innovation without the explicit permission of its creator.</em>

4 0
4 years ago
You are looking to buy a car and you have been offered a loan with an APR of 5.7 %​, compounded monthly. a. What is the true mon
lukranit [14]

Answer:

Monthly Interest rate = 0.475%

EAR = 5.85%

Explanation:

a.

APR = 5.7%

Monthly Interest rate = APR / n

Monthly Interest rate = 5.7% / 12

Monthly Interest rate = 0.475%

b.

APR = 5.7%

m = 12

EAR = [ ( 1 + (APR / m))^m] - 1

EAR = [( 1 + (0.057 / 12))^12] - 1

EAR = [( 1 + 0.00475 )^12] - 1

EAR = [( 1.00475 )^12] - 1

EAR = 1.0585 - 1

EAR = 0.0585

EAR = 5.85%

True monthly rate of​ interest is 0.475%

EAR is 5.85%

5 0
3 years ago
Elizabeth's minimum monthly payment on her credit card is the higher of 2.5%
Vaselesa [24]

Answer:

$145

Explanation:

Minimum monthly payment at the rate of 2.5%

= 2.5/100 × $5,800

=$145

Between $12 & $145,

$145 is higher hence will be the minimum amount Elizabeth must pay to keep her account in good standing.

6 0
4 years ago
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