An industry's overall strong sales or effective operations can be indicated by high inventory turnover. Lead time describes the amount of time needed to perform a procedure from start to finish.
<h3>What are the benefits of lead time in business?</h3>
In many sectors, lead time is a crucial statistic. To prevent a supply delay, which could have a severe impact on customer satisfaction, contractor dependencies, and cost efficiency in general, it is essential to calculate lead times accurately and consistently.
<h3>Why is the inventory so high?</h3>
It typically denotes some sort of mismanagement of stock demand as a result of things like excessive purchases, incorrect predictions, canceled orders, a poor economy, unexpected weather changes, uncertain consumer demand, or late or early delivery of goods.
To know more about inventory visit:-
brainly.com/question/14184995
#SPJ4
The answer that would best complete the given statement above would be option A. It is the LAW OF SUPPLY that states that businesses will produce more products when they can sell them at higher prices. On the other hand, the law of demand<span> states that buyers will want more products when prices are low. Hope this answers your question.</span>
Answer:
$2,260 Favorable
Explanation:
The computation of the variable overhead rate variance is shown below:
= Actual hours × actual rate - actual hours × standard rate
= $51,200 - 8,100 hours × $6.60
= $51,200 - $53,260
= $2,260 favorable
The Actual total variable manufacturing overhead comprises of
= Actual hours × actual rate
= $51,200
Simply we put the figures on the given formula.
Answer:
A central bank is a financial institution given privileged control over the production and distribution of money and credit for a nation or a group of nations. In modern economies, the central bank is usually responsible for the formulation of monetary policy and the regulation of member banks.
