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Wewaii [24]
3 years ago
15

2. Lori is a company that produces 1000 boxes per day recruiting 5 staff with overhead cost of 200 USD . Each worker’s shift is

10 hours per day. Lori management decides to used JIT strategy to increase production to a total of 1200 boxes per day
Business
1 answer:
s2008m [1.1K]3 years ago
4 0
 JIT strategy stands for Just-in-time. The JIT strategy is used to increase efficiency and decrease waste <span>by reducing inventory costs. </span><span>
The labor productivity before the JIT strategy was
= output / labor hours = 1000/(5*10) = 20 boxes per labor hour .
The labor productivity after JIT strategy was applied is: 
</span><span>= output / labor hours = 1200/(5*10) = 24 boxes per labor hour .</span>
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The parents of a young child decide to make annual deposits into a college savings account. The first deposit will be made on he
Gnom [1K]

Answer:

The amount of the equal, annual deposits made on birthdays 5 through 15 is $3,970.58

Explanation:

First, let's calculate the present value of the college expenses on her 17th birthday (a year before college) using NPV formula

NPV(9%, 20000...32000) = $82,839.69

Now, its value on 15th birthday should be equal to 82,839.69 / (1 + 9%)² = $69,724.51

Using the PMT formula, we can calculate the annual amount they have to invest for 11 years to get to this sum at 9% annual rate

PMT(rate = 9%, nper = 11, pv = 0, fv = 69,724.51, 0) = $3,970.58

5 0
3 years ago
Standlar Company makes wireless speakers. The standard model price is $360 and variable expenses are $210. The deluxe model pric
bija089 [108]

Answer:

The overall Sales revenue at break even is $515995.872

Explanation:

The overall break even in dollars or the composite break even point is the Total revenue that a business must earn from all its products that should be equal to the total costs from all its products and there is no profit or no loss.

The formula for composite or overall break even in dollars is,

Break even in dollars = Fixed costs / Weighted average contribution margin ratio

Where the weighted average contribution margin ratio is the weghtage of each product in the overall sales mix multiplied by the contribution margin of each product.

The total sales mix is = 8 + 4 + 1  = 13

Weighted average contribution margin ratio = ((360 - 210) / 360) * 8/13  +  

((500 - 300) / 500) * 4/13  +  ((1600 - 600) / 1600) * 1/13     =   0.5814 or 58.14%

Break even in dollars = 300000  /  0.5814  

Break even in dollars = $515995.872

If there is some discrepancy in the final answer, it will be due to the rounding off of the weighted average contribution margin ratio

3 0
3 years ago
During the months of January and February, Hancock Corporation sold goods to three customers. The sequence of events was as foll
hram777 [196]

Answer:

the net sales for the two months is $2,448

Explanation:

The computation of the net sales for the two months is shown below:

= Sale made on Jan 6 + sale made on Jan 6 + sales made on Feb 28 - discount on sale made on Jan 6

= $1,400 + $690 + $400 - ($1,400 × 3%)

= $2,490 - $42

= $2,448

hence, the  net sales for the two months is $2,448

The same is to be considered

5 0
3 years ago
Which communication network involves one person acting as a gatekeeper regulating the flow of information?
aliya0001 [1]
I believe the answer is wheel network.
In wheel network, only one person has the authority to give all informations to all a members of the company (usually the leaders).
This type of network information has the least chance of misunderstanding the information because the source of information hasn't been passed  around from one perceptive to another.
6 0
3 years ago
A software development project at day 70 exhibits an actual cost of $78,000 and a scheduled cost of $84,000. The software manage
Rina8888 [55]

Answer and Explanation:

Given:

Actual time (AT) = 70 days

Actual cost (AC) = $78,000

Scheduled cost (SC) = $84,000

Earned value (EV) = $81,000

Computation of cost variance:

Cost variance = Earned value - Actual cost

Cost variance = $81,000 - $78,000

Cost variance = $3,000

Computation of schedule variance:

Schedule variance = Earned value - Scheduled cost

Schedule variance = $81,000 - $84,000

Schedule variance = - $3,000

Computation of Cost schedule Index (CSI):

Cost schedule Index = EV² / (AC × SC)

Cost schedule Index = ($81,000)² / ($78,000 × $84,000)

Cost schedule Index = 1.00137363

Cost schedule Index = 1.001 (Approx)

Computation of time variance:

Time variance = (AT × CSI) - AT

Time variance = (70 × 1.001) - 70

Time variance = (70.07) - 70

Time variance = 0.07 days

7 0
3 years ago
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