1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Marina CMI [18]
2 years ago
14

The difference between the basic EOQ model and the production order quantity model is that

Business
1 answer:
Svetradugi [14.3K]2 years ago
7 0

Answer:

C. the production order quantity model does not require the assumption of instantaneous delivery.

Explanation:

EOQ refers to Economic Order Quantity method, this method particularly aims at 0 extra inventory in hand and keeping the total inventory in hand which is needed and then there is n assumption that the goods shall be delivered instantly.

Under the production order quantity model the model is made to calculate the quantity to be ordered for meeting the demand of production units.

This aims at the minimum order quantity to be delivered to meet the production needs.

You might be interested in
Activity Rates and Activity-Based Product Costing Hammer Company produces a variety of electronic equipment. One of its plants p
Lunna [17]

Answer:

1. Overheads rate per activity

Setup = $4,100 per setup

Machining = $120 per machine hour

Engineering = $60 per engineering hour

Packing = $0.30 per packing order

2. Cost per unit

Deluxe = $162.60

Normal = $53.675

Explanation:

As for the provided information:

We have,

Different activities as follows:

Setups = $2,050,000

Total setups = 300 + 200 = 500

Rate = $2,050,000/500 = $4,100 per setup

Machining = $48,000,000

Total machine hours = 100,000 + 300,000 = 400,000

Machine hour rate = $48,000,000/400,000 = $120 per machine hour

Engineering = $9,000,000

Total engineering hours = 50,000 + 100,000 = 150,000

Rate per hour = $9,000,000/150,000 = $60 per hour

Packing = $150,000

Packing orders = 100,000 + 400,000 = 500,000

Rate per hour = $150,000/500,000 = $0.30 per order

2. Calculating per product cost

Particulars              Deluxe                 Normal

Setup Cost

In 3:2 ratio            $1,230,000              $820,000

Machining Cost

In 1:3 ratio             $12,000,000          $36,000,000

Engineering cost

In 1:2 ratio            $3,000,000               $6,000,000

Packing Cost

In 1:4 Ratio             $30,000                  $120,000

Therefore total cost for each printer

                              $16,260,000           $42,940,000

Number of units         100,000              800,000

<u>Cost per unit               $162.60             $53.675</u>

5 0
2 years ago
The larger a given sector's contribution to a country's GDP is, the larger the impact of a shock to that sector on GDP is.
Nikitich [7]

Answer: True

Explanation:

When a sector contributes a significant amount to GDP suffers a shock, the GDP of the nation will be shocked as well. Proportionally it goes that the greater the shock to the sector, the greater the shock to the GDP.

For instance, Agriculture contributes a significant amount to GDP. If a drought were to hit that reduced harvests by 50%, the GDP will suffer a huge shock as well because the contribution from Agriculture will be significantly less.

6 0
2 years ago
Ethical standards in business are principles or codes for how a business conducts itself with ___, customers, and the public.
k0ka [10]

Answer:

B. Employees

Explanation:

3 0
3 years ago
Read 2 more answers
William (71), a retired single taxpayer, received a monthly pension of $2,500 ($30,000 annually). He did not contribute any afte
IceJOKER [234]

Based on the information given, it should be noted that the amount of William's pension distribution that is taxable is $30000.

From the information given, William is a retired single taxpayer and he received a monthly pension of $2,500 ($30,000 annually). He did not contribute any after-tax dollars to the plan.

It should be noted that pension is counted as a regular income for tax purposes. Therefore, the pension that'll be received by William will be a taxable income

Therefore, the taxable amount will be $30000.

Learn more about taxes on:

brainly.com/question/1657264

4 0
2 years ago
(Consider This) According to economist Abba Lerner (1903-1982), fiscal and monetary policy is analogous to
bulgar [2K]

Answer:

a steering wheel in an automobile.

Explanation:

Abba Lerner a twentieth-century economist, is widely known for his suggestion of the utilization of fiscal policy and monetary policy as a form of Keynesian economics. In his analysis, he declared that fiscal and monetary policy is analogous to a steering wheel in an automobile.

Hence, the correct answer to the question is "a steering wheel in an automobile."

3 0
3 years ago
Other questions:
  • Which of these is the interest rate that is actually observed in financial markets? real risk-free rate real interest rates nomi
    9·1 answer
  • Where is information on storage requirements for the investigational product usually found?
    5·1 answer
  • Includes stocks, bonds, and mutual funds
    9·1 answer
  • Explain two barriers to entry for a new business
    14·2 answers
  • For a stock to be in equilibrium, that is, for there to be no long-term pressure for its price to depart from its current level,
    12·1 answer
  • What are the five C's of credit?
    11·1 answer
  • The following selected transactions were completed by Amsterdam Supply Co., which sells office supplies primarily to wholesalers
    9·1 answer
  • or each of the following situations, indicate the liability amount, if any, that is reported on the balance sheet of Bloomington
    7·1 answer
  • ________________ analyzes how we choose to use our resources on an aggregate (national)level and includes measures of performanc
    7·1 answer
  • The ________ is management’s minimum desired rate of return on a capital investment.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!