Answer:
The optimal order quantity is 316 pounds
Explanation:
In order to calculate What daily order quantity is optimal, we have to calculate first The cost of underestimating the demand Cu and cost of overestimating demand Co
Cu = ($0.60 - $0.50)*4 = $0.40
Co = $1 - $0.80 = $0.20
Next we have to calculate the Service Level = Cu / (Cu + Co)
= 0.40 / (0.40 + 0.20)
= 0.40/0.60
= 0.6667
So, Z Value at above service level = 0.430727
Therefore, in order to calculate the Optimal Order quantity, we would have to use the following formula
Optimal Order quantity= Mean + Z Value × Std Deviation
= 301 + 37 * 0.430727
= 301 + 15.36899
= 316 pounds
option C to persuade, just took the test
Answer:
Selling price per unit= $196
Explanation:
<u>First, we need to calculate the predetermined overhead rate:</u>
<u></u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (400,000 / 50,000) + 6
Predetermined manufacturing overhead rate= $14 per machine hour
<u>Now, we can allocate overhead and calculate the total cost:</u>
<u></u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 14*100= $1,400
Total cost= 1,400 + 750 + 2,750
Total cost= $4,900
<u>Finally, the selling price per unit:</u>
<u></u>
Unitary cost= 4,900/40= $122.5
Selling price= 122.5*1.6
Selling price= $196
Answer:
The correct option is D,cannot be determined from the data provided
Explanation:
Break-even points in units=fixed costs/contribution margin per unit
Contribution margin per unit =selling price -variable cost
In other words, from the scenario, it is clear that the numerator fixed costs has increased and also a reduction in variable cost per unit implies an increase in contribution margin per unit since a lesser variable cost is being deducted from selling price.
The impact of both increases in fixed costs and contribution margin cannot be determined except if more details is provided which will give further guidance regarding which of the two increased at a higher rate compared to the other.
To gain assurance that all inventory items in a client's inventory listing schedule are valid, an auditor most likely would vouch (C) items listed in the inventory listing schedule to inventory tags and the auditor's recorded count sheets.
<h3>
What are inventory items?</h3>
- Inventory item - a discrete product that can be indicated as being in stock.
- You can track inventory if your company sells stock items.
- A product purchased for resale that is tracked in Stock and on the Balance Sheet is an inventory item.
- An inventory list should, in general, include the product's name, SKU number, description, cost, and quantity.
- Inventory lists assist brands in managing and monitoring stock levels, enabling tighter inventory control and a more streamlined approach to inventory management.
- An auditor will most likely attest items listed in the inventory listing schedule to inventory tags and the auditor's recorded count sheets to get assurance that all inventory items in a client's inventory listing schedule are valid.
Therefore, to gain assurance that all inventory items in a client's inventory listing schedule are valid, an auditor most likely would vouch (C) items listed in the inventory listing schedule to inventory tags and the auditor's recorded count sheets.
Know more about inventory items here:
brainly.com/question/24868116
#SPJ4
Complete question:
To gain assurance that all inventory items in a client's inventory listing schedule are valid, an auditor most likely would vouch
A. Inventory tags were noted during the auditor's observation of items listed in the inventory listing schedule.
B. Inventory tags were noted during the auditor's observation of items listed in receiving reports and vendors' invoices.
C. Items listed in the inventory listing schedule to inventory tags and the auditor's recorded count sheets.
D. Items listed in receiving reports and vendors' invoices to the inventory listing schedule.