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galina1969 [7]
3 years ago
7

The Cowboy Saddle Company manufactures plastic saddles that are used in the assembly process of their Mr. Ed doll. The firm desi

res to control inventory levels so as to minimize the sum of holding and order costs. Annual demand is 4000 units, and the item costs $25 per unit. It costs the firm $15 to place an order. The firm estimates its yearly inventory carrying costs at 10%. The lead-time for the product is 5 working weeks. Assume that there are 50 weeks in the work year and 5 working days per week.
i) Using the data above, What will be the time between orders (in working days) if the Cowboy Saddle Company ordered 400 units each time?

ii) What will be the total annual order cost if the Cowboy Saddle Company ordered 400 units each time. Use the data above?
Business
1 answer:
S_A_V [24]3 years ago
7 0

Answer:

time between orders 25 working days

yearly ordering cost: $150

Explanation:

The annual demand is 4,000 units if order size is 400 units there will be 10 orders per year

Given a year of 50 weeks: every 5 weeks an order will be placed.

As each week has 5 working days that would mean every 25 working days

Then, total order cost:

each order cost $15 to place as there are 10 order per year it will be $150 ordering cost.

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Faughn Corporation has provided the following data concerning manufacturing overhead for July:
creativ13 [48]

Answer: D. Manufacturing overhead was underapplied by $10,000; Cost of Goods Sold after closing out the Manufacturing Overhead account is $253,000

Explanation:

The Manufacturing overhead applied is less than the actual manufacturing overhead incurred by:

= 79,000 - 69,000

= $10,000

Manufacturing overhead is therefore underapplied as the amount applied is too low to cover the amount incurred.

The Cost of Goods sold after closing out is:

= Cost of goods sold before closing out + Underapplied manufacturing overhead

= 243,000 + 10,000

= $253,000

6 0
3 years ago
The reason Lin has been so successful in expanding her small auto body shop into a very profitable business with three locations
stealth61 [152]

Answer:

A. Machine

Explanation:

There are various categorisations of entrepreneurs based on their characters, abilities and strategies among others. However,the founder institute developed a new categorisation for entrepreneurs by testing about 30,000 entrepreneurs including known names like Steve Jobs and Elon Musk and categorising them based on their priorities and qualities into the following: Hustler, Prodigy, Visionary, Innovator, Strategist and Machine.

Machine Category: This represents entrepreneurs who maintain a high level of focus getting things done. They simply focus on the task ahead of them and get them done. They are very concerned about efficiency and effective delivery of their tasks. Lin simply became very good at what she was doing by being dedicated to the tasks ahead of her.

Other Categories

Hustlers- they can sell anything and get into the promotion and sales of all manner of products and services

Prodigy - The excel in business with innate business instinct and sense, their strong intellects and social skills ensures their success

Visionary - Combines innovation with enthusiasm and is capable of carrying the masses along in these innovations as a result of the energy committed

Innovator- Always looking forward to improving on old ideas and find new ways of doing things. They are challenged by change

Strategist- Always looking at how to achieve long term goals, very tactical and calculating.

8 0
3 years ago
Suppose that Tony Hsieh noticed that Zappos’s customers were no longer willing to pay full retail prices on shoes.
umka2103 [35]

Answer:

b. Share the customer research with employees, showing them why change is needed.

c. Tell employees that they have the power to change any work process, so long as their changes make the overall organizations more efficient.

d. Tell stories about the importance of efficiency and the things he has done to more efficient at work himself.

Explanation:

The Tony Hsieh has noticed that the customers of Zappos's are not willing to pay full retail price. In order to make company's culture more efficient the Tony should introduce a culture of telling stories about the efficiency at work and its benefits. The customer research should be shared with employees to analyze them that efficiency is needed. Make overall efforts in the organization to improve efficiency of work process.

4 0
3 years ago
Brad notices that customers at his store prefer certain types of snack foods over others. In response to his customers' preferen
jarptica [38.1K]

Answer:

micro-merchandising

Explanation:

Micro - merchandising -

It refers to the type of merchandising , in which the retrailer alteres the positioning of the goods and services according to the needs and demands of the consumers , is referred to as micro - merchandising .

In this type of practice , the needs and demands of the consumer is the main focus of this merchandising .

Hence , from the given scenario of the question ,

The correct answer is micro-merchandising .

3 0
3 years ago
A manager utilizing managment by obejective to motive her emplyees would focus on?
omeli [17]

A manager utilizing management by objective to motive her employees would focus on  firstly to determine or revised company's objectives or goals. She should set goals which is accepted by employees. Healthy competitions can also motivate employees to achieve objectives in the specific time limit.

She can give awards to employees who achieve goals to motivate employees. Management by objective is a strategic management approach which involves planning, defining, revising, setting, evaluating and tracking of company's objective through motivating employees by setting their individuals's goals to achieve larger goals.

Read more about Management by objective on brainly:-

brainly.com/question/28144882

#SPJ4

6 0
2 years ago
Read 2 more answers
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