Answer:
The appropriate answer will be "289 boxes".
Explanation:
The given values are:
Cost
= $6
Sales price
= $18
Salvage price
= $3.60
Average daily demand (d)
= 254 boxes
Standard deviation (
)
= 37 boxes
Now,
Overage of cost will be:
⇒ 
($)
Underage of cost will be:
⇒ 
($)
⇒ Service Level = 
On substituting the given values in the above formula, we get
= 
= 
The service level value of Z at 83% is = 0.954
⇒ Order quantity = 
= 
= 
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Answer:
Spending variance= $43 favorable
Explanation:
Giving the following information:
Standard:
Fixed costs= $210
Variable cost per job= $86
Variable cost per meal= $15
The actual activity was 28 jobs and 217 meals. The actual cost for catering supplies in March was $5,830.
To calculate the spending variance, we need to use the following formula:
Spending variance= (actual costs - standard costs)
Standard costs= 210 + 28*86 + 15*217= 5,873
Spending variance= 5,830 - 5,873
Spending variance= $43 favorable
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Answer:
reposition
Explanation:
Reposition -
It is the method by which the status of the brand is changed in comparison to that of the other competing brands , is knows as the process of reposition .
This process is affected by the changes occurring in the marketing mix against the change in the market , or it could be any reason which disables the objective of the brand's market .
hence , from the question , the correct term for the given information is reposition .
