Answer:
a. Value added time = Cutting time + Sewing time
Value added time = 5 minutes + 20 minutes
Value added time = 25 minutes
Non-value added time = Total within batch wait time + Move time
Non-value added time = [25 minutes * (40 - 1) + 2 minutes
Non-value added time = 977 minutes
Total lead time = Value added time + Non-value added time
Total lead time = 25 minutes + 977 minutes
Total lead time = 1,002 minutes
b. Value added ratio = Value added time / Total lead time
Value added ratio = 25 minutes / 1,002 minutes
Value added ratio = 0.02495
Value added ratio = 2.5%
Answer:
The answer is: The benefit surpluses shared between consumers and producers will be maximized.
Explanation:
The demand curve shows the relationship between the price of a good and the quantity demanded for that good. As the price of a good decreases, more customers will be willing and able to purchase it.
The supply curve on the other hand, shows the relationship between the price of a good and the quantity supplied of that good. As the price of a good increases, more suppliers will be willing and able to sell it. Suppliers will sell a good as long as its marginal costs are less than its marginal revenue. In other words, they will continue to supply the good as long as their costs are covered.
At any given point where the demand curve and the supply curve intersect, equilibrium point, the benefits for consumers and suppliers all together will be maximized.
Answer:
transfer cost $25
Explanation:
The minimum transfer price is equal to the marginal price.
The marginal price, in this case, will be the variable cost, because there is no additional fixed cost related to the transfer:
This should be analyzed like a special order request, only the variable cos matter unless we incur in additional fixed cost.
Marginal Cost = Variable cost: 25
Walt Disney held the patent for Technicolor for 2 years.
Hope this helps! :D
~PutarPotato
Answer:
$26,250
Explanation:
Beginning inventory:
= 1/2 × 1,600 × 3 × $5
= 12,000
COGS = 1,600 × 3 × $5
= $24,000
Ending inventory = 1/2 × 1,900 × 3 × $5
= $14,250
Beginning Inventory + purchases - COGS = Ending Inventory
Purchases = Ending Inventory - Beginning Inventory + COGS
= $14,250 - 12,000 + $24,000
= $26,250
