Answer:
222
Explanation:
Economic Order Quantity = √[(2XCₒXD)/Cₕ]
Where:
Cₕ = cost of holding a unit of inventory for a year
Cₒ = cost of placing an order
D = annual demand
Ordering cost, Cₒ= $166
Annual demand, D= 4,153
Inventory holding cost, per item per year, Cₕ = $28
Economic Order Quantity = √[(2X166X4153)/28]
=√[1378796/28]
=√49242.71
=221.9
=222
The Annual Number of Orders to be placed is 222.
Answer:
It eliminated the need for fixed costs.
Explanation:
Answer:
Net income is the amount of money the business has earned after paying taxes
Answer and Explanation:
The computation is shown below;
1.
Total hours for job A - 500
= Direct labor ÷direct labor wage rate
= $150 ÷ $15
= 10
Total over head cost = overhead cost per labor hours × no. of labor hours
= $20 × 10
= $200
total manufacturing cost = Direct materials cost + Direct labor cost + Total over head cost
= $280 + $150 + $200
= $630
2.
Cost assigned to each unit
= total manufacturing cost ÷ number of units
= $630 ÷ 70
= $9
