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mote1985 [20]
3 years ago
15

A manufacturer of hospital supplies has a uniform annual demand for 320,000 boxes of bandages. It costs ​$10 to store one box of

bandages for one year and $ 160 to set up the plant for production. How many times a year should the company produce boxes of bandages in order to minimize the total storage and setup​ costs?
Business
1 answer:
strojnjashka [21]3 years ago
3 0

Answer:

Number of times for production  = 10 times

Explanation:

<em>Economic batch quantity (EBQ) i</em><em>s also known as economic production run, It is the optimum production run that a manufacturer should operate to minize set up cost and carrying cost. </em>

Carrying cost is the cost of keeping inventory while set up cost is cost of getting machines ready for production

The number of times the company should produce =

Annual demand / the economic production run(EBQ)

It is calculated as follows:

Economic batch quantity =√2× Co× D / Ch

Where ,

D - annual demand -320,000,

Ch -holding cost per unit per annum - $10

Co- set up cost - $160 ,

= √ (2 × 160× 320000/10)

= 3200

Number of times for production

= 320,000/3,200

= 10 times

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I wish you the best.

6 0
3 years ago
Astro Co. sold 20,000 units of its only product and incurred a $50,000 loss (ignoring taxes) for the current year as shown here.
Alexandra [31]

Answer:

Required 1.

Break even point (dollar sales) =   $750,000

Required 2.

Break even point (dollar sales) = $1,250,000

Required 3.

ASTRO COMPANY

Forecasted Contribution Margin Income Statement

For Year Ended December 31, 2016

Sales                             $ 1,000,000

Variable costs               ($ 400,000 )

Contribution margin      $ 600,000

Fixed costs                    ($ 450,000 )

Net loss                           $ 150,000

Required 4.

Sales to meet target profit (dollar sales) = $1,833,333

Sales to meet target profit (unit sales) = 73,334

Explanation:

Break even point is the level of activity where a Company neither makes a profit nor a loss.

<em>Break even point (dollar sales) = Fixed Cost / Contribution Margin Ratio</em>

Where,

Contribution Margin Ratio = Contribution / Sales

                                           = $ 200,000 / $ 1,000,000

                                           = 0.20

Therefore,

Break even point (dollar sales) = $250,000 / 0.20

                                                   = $1,250,000

<u>Assuming the machine is installed</u>

Contribution Margin Ratio = ($ 1,000,000 - $400,000) / $ 1,000,000

                                           = $600,000 / $1,000,000

                                           = 0.60

Therefore,

Break even point (dollar sales) = ($250,000 + $200,000) / 0.60

                                                   = $750,000

Sales to meet target profit of $200,000

Sales to meet target profit (dollar sales) = Fixed Cost + Target Profit  / Contribution Margin Ratio

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                                                                  = $1,833,333

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3 years ago
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