Answer:
Gavin's delivery cycle time=11.6 days
Explanation:
The delivery cycle time is the time between when an order from a customer is received and the time the product is actually delivered to the customer. It can be calculated using the formula below;
DCT=W+I+P+M+Q
where;
DCT=delivery cycle time
W=wait time=5 days
I=inspection time=0.7 days
P=process time=2.5 days
M=move time=0.4 days
Q=queue time=3 days
In our case;
DCT=unknown
W=5 days
I=0.7 days
P=2.5 days
M=0.4 days
Q=3 days
replacing;
DCT=5+0.7+2.5+0.4+3=11.6 days
Gavin's delivery cycle time=11.6 days
Answer:
$12,240
Explanation:
For the computation of the amount of overhead first we need to find out the predetermined overhead rate which is shown below:-
Predetermined overhead rate = Overhead cost ÷ Machine hours
= $770,100 ÷ 1,510
= $510
Amount of overhead should be applied to Job 65A = Predetermined overhead rate × Machine hours during January
= $510 × 24
= $12,240
We simply applied the above formula
So you are giving credit to the sources and information that you used in the work and so you are not penalized for plagiarism
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Answer:
Forecasting
Explanation:
Forecasting is the way by which businesses predict future economic conditions by using past information and present economic situation to make informed guess about the future.
Forecasting is used by businesses to develop strategies that will ensure their future profitability.
In this instance Exxon predicted demand for oil, gas, and coal will increase for the foreseeable future of 20 to 30 years.
However their present activity is investment I sample biofuel projects.
This is forecasting the trend of demand in the oil and gas industry.