Answer:
The optimal order quantity is 316 pounds
Explanation:
In order to calculate What daily order quantity is optimal, we have to calculate first The cost of underestimating the demand Cu and cost of overestimating demand Co
Cu = ($0.60 - $0.50)*4 = $0.40
Co = $1 - $0.80 = $0.20
Next we have to calculate the Service Level = Cu / (Cu + Co)
= 0.40 / (0.40 + 0.20)
= 0.40/0.60
= 0.6667
So, Z Value at above service level = 0.430727
Therefore, in order to calculate the Optimal Order quantity, we would have to use the following formula
Optimal Order quantity= Mean + Z Value × Std Deviation
= 301 + 37 * 0.430727
= 301 + 15.36899
= 316 pounds
 
        
             
        
        
        
Answer:
A. The amount of fixed overhead deferred in inventories is $60,000
Explanation:
Unit product cost      
                                             Year 1      Year 2  
Direct materials                      $12         $12
Direct labor                              $5        $5  
Variable manufacturing
overhead                                     $5      $5  
Fixed overhead 
                                                    $48      $36  
                            ($432,000 ÷ 9,000)   ($432,000 ÷ 12,000)
unit product cost                       $70      $58
Fixed overhead deferred (1,000 × $48)   $48,000  
Fixed overhead released                                             -$48000  
Fixed overhead deferred (3000 × $36)                        $108,000  
Net                                                             $48,000        $60,000
The amount of fixed overhead deferred in inventories is $60,000
 
        
             
        
        
        
This is false. a fad is a product that is popular for a SHORT amount of time .
        
             
        
        
        
Net operating income was $24000
Fixed expenses=$96000
Sales=$300000
cost per unit=$20
unit sales=$15000 units
CM=$120,000
CM per unit=$8
BE units=FC/CM per unit=96000/8=12,000 units
        
                    
             
        
        
        
Answer:
The answer is Chief Executive Officer and and the Chief Financial Officer
Explanation:
As part of the requirements for audit process, the external auditor will obtain from the management a written representation for the financial statements being presented to the external auditor. The management is responsible for the preparation of Financial statement and the external auditor expresses their opinions on it.
To show accountability, The Chief Executive Officer and the Chief Financial Officer both sign on it.