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3 years ago

A store sells 2500 packages of a dozen paper towel rolls per year. It

Business

1 answer:

Virty [35]3 years ago

8 0

Answer:

The business should order the inventory 25 times per year in a lot of 100 to minimize the inventory costs.

Explanation:

To calculate the lot size that minimizes the inventory cost, we will calculate the economic order quantity (EOQ) which is the order quantity that a business should order in each order to minimize the inventory related costs. The EOQ can be calculated using the attached formula,

EOQ = √[(2 * 2500 * 20) / 10]

EOQ = 100 packages

The lot size for each order should be 100 to minimize the inventory costs.

We can calculate the number of reorders per year by dividing the total annual demand by the EOQ.

Number of orders = 2500 / 100

Number of orders = 25 times

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Radovilsky Manufacturing Company , in Hayward, California, makes flashing lights for toys. The company operates its production f

IRISSAK [1]

Answer:

Explanation:

Given Demand D = 12,500 lights per year

Set up cost S = $51

Cost of each light (C) = $1 .05

Holding cost = $0.1 per light per year

Production p= 100 lights per day

Usage (d) = 12,500/300 days = 41.66(round up to 42)

= 42 lights per day

a) What is the optimal sizeof the production run?

Q =√{(2×D×S) / (H(1-(d / p)))}

Q =√{(2×12500×51)/(0.1(1-(42/100)))}

= 4688.577 = 4689 units

Q = 4689 units

b) What is the average holding cost per year?

Average holding cost per year = average inventory level * H

= (Q/2)H[1- (d/p)]

= (4689/2)0.1[1-(42/100)]

= $135.98

c) What is the average setup cost per year?

average setup cost per year = (D/Q)S

= (12,500/4689)× 51

= 135.97

d) What is the total cost per year, including the cost of the lights?

Total cost = D*C + total set up cost + total holding cost

12,500 ×1.05 + 135.98 + 135.97

Total cost = $ 13,396.95

6 0

3 years ago

Why are business office established

madam [21]

Answer:

Mark me Brainliest

Explanation:

A business office is one which is established by the individuals or governments for the production and distribution of goods and services with a view of earning money by satisfying the consumers.

4 0

3 years ago

The manufacturing overhead budget of Paparella Corporation is based on budgeted direct labor-hours. The November direct labor bu

Andru [333]

Answer:

The answer for question A is $ 70,200

The answer for question B is $ 15.20

Explanation:

Budgeted direct labor hours = 6,000 hours

Variable overhead rate = $2.00

Variable manufacturing overheads = 6000 x $2 = $ 12,000

Fixed manufacturing overhead = $ 79,200

Total Manufacturing overheads = $ 91,200

Depreciation = $ 21,000

Cash disbursement of manufacturing overhead for November = total manufacturing overheads - Depreciation

= $91,200 - $ 21,000 = $ 70,200

From above, we have Total Manufacturing overheads = $ 91,200

Budgeted direct labor hours = 6,000 hours

Predetermined overhead rate for the month of November = Total Manufacturing overheads ÷ Budgeted direct labor hours

= $91,200 ÷ 6000 = $ 15.20

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4 years ago

A need is something required. For example, food is a need. However, eating at a restaurant is not a need. Gas to get to work is

Nonamiya [84]

The amount spent on these items is based on preference and the availability of resources available to us. It should be noted that you'll have to spend on a need more than a want due to the limited resources that are available to us.

<h3>What is a consumer's need?</h3>

In economics, a need refers to anything individuals require to exist. It is considered to be necessary and important for the functioning of life. Examples include:

Food,
Water, and
Shelter.

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From the information given:

Eating at a restaurant, or gas to go on vacation is not a necessity, so it may be referred to as something you want.

The amount spent on these given items is based on preference and the availability of financial resources available to us.

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2 years ago

Statements that show the effects of proposed transactions as if the transactions had already occurred are called:

maks197457 [2]

Proforma statements are those that depict proposed transactions' results as if they had already happened.

<h3>What are Proforma statements?</h3>

There are several aspects of corporate decision-making that rely heavily on figures. You must show that your ideas are financially sound in order to gain support from important stakeholders, attract investors, and strategically plan.

A historical snapshot of a company's performance can be provided by some financial documents, such as balance sheets, income statements, cash flow statements, and annual reports, but they sometimes lack the ability to provide foresight when making future planning decisions. Because of this, professionals frequently use predictions and financial projections to inform their decisions and provide crucial "what if" scenarios. A frequent kind of projection that can be helpful in these circumstances is pro forma financial statements.

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2 years ago