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lawyer [7]
3 years ago
10

Item X is a standard item stocked in a company's inventory of component parts. Each year the firm, on a random basis, uses about

1,600 of item X, which costs $25 each. Storage costs, which include insurance and cost of capital, amount to $8 per unit of average inventory. Every time an order is placed for more of item X, it costs $16.
Business
1 answer:
alina1380 [7]3 years ago
5 0

Answer:

Annual demand (D) = 1,600 units

Ordering cost per order (Co) = $16

Holding cost per item per annum (H) = $8

EOQ = √2Dco

                H

EOQ = √2 x 1,600 x $16

                    $8

EOQ = 80 units

Explanation:

EOQ is the square root of 2 multiplied by annual demand and ordering cost per order divided by holding cost per item per annum.

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"In the supplier search stage of the B2B buying process, _____ selling plays a major role in providing helpful information to th
evablogger [386]

Answer:

the correct answer is consultative selling.

Explanation:

In this method, the seller often acts as a Consult to the customer and tries to understand the specific needs and wants of the customer before making the sale. This is a unique way to market the products and to grab the customer loyalty in the long run.

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WoodCore Inc. produces an entire line of office furniture at its manufacturing facility in the United States and then ships its
devlian [24]

Answer: D. exporting

Explanation:

Exporting is the sale of goods to other countries apart from your own even though the goods being sold were produced in your own country.

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8 0
3 years ago
A company produces a single product. Variable production costs are $12.90 per unit and variable selling and administrative expen
Scrat [10]

Answer:

$10,965

Explanation:

Computation for the dollar value of the ending inventory under variable costing

First step is to find the Units in ending inventory

Using this formula

Units in ending inventory = Units in beginning inventory + Units produced−Units sold

Let plug in the formula

Units in ending inventory= 0 units + 4,900 units−4,050 units

Units in ending inventory = 850 units

Last step is to find the Value of ending inventory under variable costing

Using this formula

Value of ending inventory under variable costing = Unit in ending inventory × Variable production cost

Let plug in the formula

Value of ending inventory under variable costing= 850 units × $12.90 per unit

Value of ending inventory under variable costing = $10,965

Therefore the dollar value of the ending inventory under variable costing would be $10,965

6 0
3 years ago
a manufacturing plant averaged $740 of raw materials .$320 of work in process inventory and $1010 of finished goods inventory du
Vika [28.1K]

Answer:

4.83 times

Explanation:

The computation of the inventory turnover is shown below:

= Cost of goods sold ÷ average inventory

where,  

Average inventory = Raw material inventory + work in progress inventory + finished goods inventory

= $740 + $320 + $1,010

= $2,070

And, the cost of good sold is $10,000

Now put these values to the above formula  

So, the answer would be equal to  

= $10,000 ÷ $2,070

= 4.83 times

6 0
3 years ago
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