Answer:
The optimal production plan gives a total costs of $417,672 for the periods Feb to May
In Feb we will have to hire 26 workers to close the gap between demand and production from our 100 existing workers
In March however, we will have to lay them off (26 workers) to keep our production in line with demand.
In April, we are constrained to 100 workers, thus requiring that we run overtime. The overtime requirement is between 3,060 hours to max of 5,000 hours. Note that inspire of the hours chosen, demand for April still won't be fulfilled.
The best option will be the one that gives us last backlog because of the costs of backorder being extremely costly.
5,000 overtime hours in April is the best option .
In May, we are constrained to our 100 workers, meaning we will fulfill our back orders and also retain inventory in hand of 7,760 units.
The 3 pages attached show how the cost is worked out and the presentation as well.
Answer:
Production= 23,700 units
Explanation:
Giving the following information:
Class, inc., expects to sell 22,000 pool cues for $ 12.00 each.
The following inventory levels apply to 2019:
finished goods inventory beginning 1,800 units
finished goods inventory ending 3,500 units
We need to calculate the production for 2019 using the following formula:
Production= Sales + ending inventory - beginning inventory
Production= 22,000 + 3,500 - 1,800= 23,700 units
The invisible hand theory states that the <u>wealth of nation</u> is dependent on the activity of interacting in free markets.
<h3>What is
invisible hand theory?</h3>
This refers to the tendency of the market prices to direct an individuals into pursuing their own self interests into productive activities which consequently promote economic well-being of society.
Hence, the invisible hand theory states that the <u>wealth of nation</u> is dependent on the activity of interacting in free markets.
Read more about invisible hand theory
<em>brainly.com/question/3078419</em>
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Answer:
given statement is false
Explanation:
solution
the given statement is false because here Double Taxation meaning that income are taxed in the hand of corporation and then in the hand of shareholders
when dividends is distributed that does not meaning that the corporation pay double the tax of partnerships
so we can say given statement is false
Answer:
It will charge $ 2.23 per papper to break even at 800,000 units
Explanation:
<u>fixed cost: </u>
manufacturing cost: 500,000
labor fixed cost: 1,000,000
variable printing cost: 0.25
variable delivery cost: 0.10
<u>total variable cost: 0.35</u>
At which selling price the company break-even at 800,000 papers sales per month:
<em>Contribution Margin Ratio:</em> 1,500,000/800,000 =<em> 1.875</em>
<em>Each units must contribute 1.875 dollars to payup the fixed cost.</em>
<em />
S - 0.35 = 1.875
S = 1.875 + 0.35 = 2.225
As it cannot charge half-cent we will round up:
<u>At 2.23 cent per papper the company will break even.</u>