Oh lord I’m sorry for the confusion and I hope y’all are having church too much time too too late so I’ll be home around
Answer: The correct answer is "A. 4 days.".
Explanation: Four days would be the lenght of an order cycle because the quantity of the order must be divided on the demand rate, that is,
80 (quantity of the order to be ordered) / 20 (normal demand rate) = 4 days.
Answer:
Since a perfectly competitive firm must accept the price for its output as determined by the product’s market demand and supply, it cannot choose the price it charges. Rather, the perfectly competitive firm can choose to sell any quantity of output at exactly the same price. This implies that the firm faces a perfectly elastic demand curve for its product: buyers are willing to buy any number of units of output from the firm at the market price. When the perfectly competitive firm chooses what quantity to produce, then this quantity—along with the prices prevailing in the market for output and inputs—will determine the firm’s total revenue, total costs, and ultimately, level of profits.
Answer:
(A) 74,400
Explanation:
The computation of the equivalent unit is shown below:
= (Completed and transferred units × completed percentage) + (ending work in progress units × completed percentage)
= (72,000 units × 100%) + (8,000 units × 30%)
= $72,000 units + 2,400 units
= $74,400 units
For computing the equivalent units,we have to consider both the units which are mentioned in the question.
