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Setler79 [48]
3 years ago
13

The catering manager of lavista​ hotel, lisa​ ferguson, is disturbed by the amount of silverware she is losing every week. last

friday​ night, when her crew tried to set up for a banquet for 500​ people, they did not have enough knives. she decides she needs to order some more​ silverware, but wants to take advantage of any quantity discounts her vendor will offer.
Business
1 answer:
Finger [1]3 years ago
4 0

Answer:

A.16,971 pieces

B.$530.34

C.$530.32

Explanation:

a)

EOQ = √2∗A∗B÷C

EOQ = Economic Order Quantity

A = Annual Demand

B = Buying Cost

C = Carrying Cost per unit per year

Hence:

A = 45,000 pieces

B = $200 per order

C = $1.25 * 5% per unit per year

= $0.0625

EOQ = √2∗45,000∗$200 ÷ $0.0625

= 16,970.56 approximately 16,971 pieces

b)

Annual Holding Cost = Average Inventory * Holding Cost per unit per year

Average Inventory = EOQ÷2

Using the formula

Annual Holding Cost = 16,971 ÷2 ∗$0.0625

Annual Holding Cost =8,485.5×$0.0625

Annual Holding Cost = $530.34

c)

Annual Ordering Cost = Ordering Cost Per order * No. of Orders

No. of Orders = Annual Demand÷EOQ

Annual Ordering Cost = $200∗45,000÷ 16,971

Annual Ordering Cost =$9,000,000÷16,971

Annual Ordering Cost = $530.32

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Explanation:

A retired customer that has a portfolio of blue chip stocks is looking to supplement his retirement income. An appropriate recommendation would be to sell covered calls.

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Nexus Industries uses a standard costing system to apply manufacturing costs to its production process. In​ May, Nexus anticipat
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Answer:

$33,700 (Favorable)

Explanation:

Note: Figures are not inputted. The missing figures have been figured out as below.

"<em>Nexus industries uses a standard costing system to apply manufacturing costs to its production process. In May nexus anticipated 2700 units with fixed manufacturing overhead costs allocated at $8.40 per direct labor hour with a standard of 2.5 direct labor hours per unit. In May, actual production was 3400 units and actual fixed manufacturing overhead cost were $23000.  What was nexus fixed manufacturing overhead volume variance in May</em>?"

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Budgeted fixed overhead costs = Units * Direct labor cost * Standard Direct Labor hours per unit

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When Actual fixed overhead = $23,000 ,  Budgeted fixed overhead costs = $56,700

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Due to the limited range of input and interaction among participants, few companies believe that a joint application development
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a. 
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Ryan:
$7,000 + [($10,000/4)×1¿= $7,500

b.
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Period costs are always expensed on the income statement in the period in which ______.
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