Answer:
c. $97,400
Explanation:
The formula to compute the cost of goods manufactured is shown below:
= Direct material used + Direct labor used + Manufacturing Overhead
where,
Manufacturing Overhead would be
= Factory overhead + Beginning work-in-process - Ending work-in-process
= $54,100 + $10,900 - $11,500
= $53,500
Now the value would be
= $19,200 + $24,700 + $53,500
= $97,400
Answer:
consumer income rises; pizza dough decreases in price
⇒ output increases; price uncertain
- higher consumer income results in higher prices
- but decrease in the price of inputs results in lower prices
- both result in higher output
consumer income falls; pizza dough decreases in price
⇒ price decreases; output uncertain
- both result in lower prices
- falling consumer income result in lower output
- decrease in the price of inputs results in higher output
consumer income falls; cheese increases in price
⇒ output decreases; price uncertain
- both lower output
- falling consumer income decreases price
- increase in price of inputs increases price
consumer income rises; cheese increases in price
⇒ price increases; output uncertain
- both increase price
- rising consumer income increase output
- increase in price of inputs decreases output
Answer: Check attachment
Explanation:
Miscellaneous expenses are the small and infrequent expenses which a business incurs.
Based on the question, the miscellaneous expenses is calculated as:
= $2200 - $223
= $1977
Check the attachment for further details
Answer:
The answer is False. By cutting the variance of the demand during lead time to 1/2 its original value while maintaining the same lead times, the new safety stock will also drop to 1/2 its original value.
Explanation:
Safety stock is a form of inventory management that provides an additional unit of an item held as a buffer i order to mitigate risk of running out of stock.
A reorder point provides a buffer of time to restock items when stock is running out. It helps to reduce operational costs and chaos that may arise such as rush fees owed to suppliers. It makes the use of a warehouse space more efficient.
Suppose we are a distributor that uses safety stock and a reorder point for inventory management. If we can find a more consistent manufacturer that will maintain the same mean lead times while cutting the variance of the demand during lead time to 1/2 its original value, the new safety stock that we need to carry to achieve the same service level will also drop to 1/2 its original value.
