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Blizzard [7]
2 years ago
14

M9.5 Peter Sagan is in charge of maintaining hospital supplies at Champs Hospital. During the past year the mean weekly demand f

or a special type of tubing was 186 packages of this tubing with a standard deviation of 13 packages of tubing. The lead time for receiving this tubing from the supplier is 1.5 weeks. Peter would like to maintain a 95% service level and places an order for 750 packages every time an order is placed. a) How much safety stock should be used for a 95% service level
Business
1 answer:
Dahasolnce [82]2 years ago
7 0

Answer:

26 packages

Explanation:

Given that:

The demand D = 186 packages in a week

Standard deviation  = 13packages

The lead time L = 1.5 weeks

Order quantity Q = 750 packages

The Confidence service Level = 0.95

At the service level (SL) if we find the P(Z) of the SL using Excel, we have:

P(Z) = NORMSINV(0.95)

P(Z) = 1.64

Thus;

the safety stock = Z × SD√L

= 1.64 \times 13 \sqrt{1.5} \\ \\

= 1.64 \times 13 (1.224745)

= 1.64\times15.92

= 26.11156

≅ 26 packages

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What is a likely result of an increase in trade between nations?
torisob [31]

Answer:

C

Explanation:

The prices will lower and the the amount of goods will increase

5 0
3 years ago
Lagle Corporation has provided the following information:
mezya [45]

Answer:

b.$20,550

Explanation:

The period costs are those costs which include costs  for a particular period. The calculation for these costs differ under the two methods  absorption and variable. Under absorption Costing the Period costs include Variable selling and administrative + Fixed selling and administrative expenses.

<u>Lagle Corporation</u>

<u>Absorption Costing</u>

Direct materials $ 4.75 * 7000= $ 33250

Direct labor $ 3.70  * 7000= $ 25900

Variable manufacturing overhead $ 1.45  * 7000= $ 10150

Fixed manufacturing overhead $ 18,200

Total Product costs $ 87,500

Sales commissions $ 1.70  * 7000=$ 11900

Variable administrative expense $ 0.55  * 7000= $ 3850

Fixed selling and administrative expense $ 4,800

Total Period Costs $ 20550

<u><em>Mostly Absorption costing is used for daily basis. Therefore Choice b is the best option</em></u><em>. </em>

Under variable costing the Period costs include Fixed manufacturing overheads + Fixed selling and administrative expenses.

<u>Lagle Corporation</u>

<em>Variable Costing</em>

Direct materials $ 4.75 * 7000= $ 33250

Direct labor $ 3.70  * 7000= $ 25900

Variable manufacturing overhead $ 1.45  * 7000= $ 10150

Sales commissions $ 1.70  * 7000=$ 11900

Variable administrative expense $ 0.55  * 7000= $ 3850

<em>Total Product costs $ 85,050</em>

Fixed selling and administrative expense $ 4,800

Fixed manufacturing overhead $ 18,200

<em>Total Period Costs $ 23000</em>

7 0
3 years ago
Plus Company uses the estimate of receivables method of accounting for uncollectible accounts. Plus Co. estimates that $4412 of
Darina [25.2K]

Answer:

$4,412

Explanation:

If the company estimates that $4,412 of accounts receivables will be uncollectible, then it must record that number under the Allowance for Bad debts Account.

That account started the year with a $3,284 balance, it decreased by $1,826 (debt written off), and then must be adjusted by crediting $2,954 so its balance = $4,412 on December 31.

3 0
3 years ago
The total assets of brandon co. are $900,000 and its liabilities are equal to one-fourth of its total assets. what is the amount
yuradex [85]
900,000 / 1/4 = liabilities
900,000 - liabilities - stockholder's equity

900,000/4 = 225,000
900,000 - 225,000 = 675,000
5 0
3 years ago
Read 2 more answers
Which of the following is NOT a goal of operations management? (A) Understanding the drivers of customer utility (B) Match suppl
rodikova [14]

Answer:

The answer is A.

Explanation:

Operations management involves all activities which produce and deliver goods and services. Operation is a core function in any organization.

The primary objective of operations management is to make use of the organizational resources to generate or produce goods and services.

All options except option A(Understanding the drivers of customer utility) are goals of operation management

8 0
3 years ago
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