Answer:
$7,247.05
Explanation:
The computation of the inventory level is shown below:
But before that first we have to find out the fixed cost per unit which is
= Total fixed manufacturing overhead ÷ production units
= $59,160 ÷ 11,600 units
= $5.1 per unit
Now the inventory level is by taking the difference of net operating income between two methods
= ($127,960 - $91,000) ÷ ($5.1 per unit)
= $7,247.05
Therefore, the inventory is increased by $7,247.05
Answer:
1. 18% and 21%
2. Queensland
Explanation:
The formula to compute the rate of return in terms of margin and turnover is shown below:
1. For New south wales
Margin = Net operating income ÷ sales
= $360,000 ÷ $4,000,000
= 9%
And,
Turnover = sales ÷ average operating assets
= $4,000,000 ÷ 2,000,000
= 2
ROI = Margin x turnover
= 9% × 2
= 18%
For Queensland
Margin = Net operating income ÷ sales
= $420,000 ÷ $7,000,000
= 6%
And,
Turnover = Sales ÷ average operating assets
= $7,000,000 ÷ 2,000,000
= 3.5
So,
ROI = Margin × turnover
= 6% × 3.5
= 21%
2. Based on Return on enlistment, the Queensland doing the better job as it contains the high return on investment
Answer:
The primary service outputs of the spatial convenience, lot size, waiting time, and product variety) are important to logistics management and these importance are highlighted below:
Spatial convenience provide customers the benefit of shopping with lesser time and efforts as they can easily locate the products and find their product needs at a single place or well organised to find out and identify.
Lot size is important in logistics as larger lot size leads to more costs for storage and transportation and risks associated while smaller lots leads to faster service and delivery and lesser payments compared to bigger lot sizes.
Waiting time is important to logistics as the customers expect faster and efficient service in buying goods with less time for billing and purchasing the products. It improves the quality of service and indicates better management for customer convenience and satisfaction.
Product variety in logistics management helps to provide customers more value for their product and time and greater scope of satisfying their needs through different product options and wide range of products.
Answer:
Insurance
premium
copayment
Explanation:
Insurance is a financial service that offers a kind of protection in the event of unforeseen damage, injury, or loss.
A premium is the cost of a type of insurance that is paid at a regular interval.
A copayment is a money a consumer must pay to share the costs of a payout