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balandron [24]
3 years ago
5

Suppose Cook Plus manufactures cast iron skillets. One model is a​ 10-inch skillet that sells for $ 24. Cook Plus projects sales

of 675 ​10-inch skillets per month. The production costs are $ 5 per skillet for direct​ materials, $ 3 per skillet for direct​ labor, and $ 6 per skillet for manufacturing overhead. Cook Plus has 60 ​10-inch skillets in inventory at the beginning of July but wants to have an ending inventory equal to 20​% of the next​ month's sales. Selling and administrative expenses for this product line are $ 1 comma 600 per month. How many​ 10-inch skillets should Cook Plus produce in​ July?
Business
1 answer:
ioda3 years ago
4 0

Answer:

Production= 750 units

Explanation:

Giving the following information:

Cook Plus projects sales of 675 ​10-inch skillets per month.

Cook Plus has 60 ​10-inch skillets in inventory at the beginning of July but wants to have an ending inventory equal to 20​% of the next​ month's sales.

TO calculate the production required, we need to use the following formula.

Production= sales + desired ending inventory - beginning inventory

Production= 675 + (0.2*675) - 60

Production= 750 units

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5 0
3 years ago
Which of the following statements best reflects a price-taking firm? a The firm has an incentive to charge less than the market
MatroZZZ [7]

Answer:

b

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If the firm charges a price higher than equilibrium price, customers would go to other suppliers and the firm would sell known of its product.

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Road Hazards has 12-year bonds outstanding. The interest payments on these bonds are sent directly to each of the individual bon
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At par

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Tatiana [17]

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a. Both the equilibrium price and quantity would increase.

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This simply means that, whatever makes the factors of production such as, land, labor, entrepreneurship, capital, or efficiency to either go up or down would certainly result in fluctuations in the economy of a particular country.

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Aggregate demand (AD) can be defined as the total quantity of output (final goods and services) that is demanded by consumers at all possible price levels in an economy at a particular time.

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The short-run nominal fluctuations basically cause a change in the level of production. In the short-run, as a result of a shift in the aggregate supply; an increase in money consequently to result in increase the level of production (output).

Hence, more goods are produced as a result of the increased output (supply) and more goods would be purchased as a result of their lower prices.

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