Answer:
Please consider the explanation below
Explanation:
a.Optimal order quantity per order = √2CO / I
= √[2*1500Units*625 ]/ (130)
=√1875000/130
=120 units per order
b.Minimum total annual inventory costs
Annually orders = 1500 / 120
= 12.5 times
Ordering cost = 12.5*625 = $7812
carrying cost = 120 units *$130 = $15600
Total annual inventory cost = $23412
c.The number of orders per year
= Annual denand / Optimum oder
= 15000 U / 120
= 12.5 times
• d.The time between orders (in working days)
= 364 / 12.5 (considered one leave)
= 29.12 days
=29 days
The answer is non-redundancy. In addition, redundancy is a system design in which a constituent is replicated so if it fails there will be a holdup. The redundancy has a negative implication when the repetition is pointless or is simply the outcome of poor preparation.
Allison is in evaluating decision making process
Explanation:
Decisions are made through the certainty of action, data collection and the assessment of possible resolutions.
The final phase in the systematic decision-making process is assessment. Evaluating results will lead to learning lessons that will enhance the decision-making skills.
Allison is in the final step of her choice in this decision-making case. Because her future as an airline pilot has already been determined, and she has agreed to go to airline pilot research and training programmes.
Answer:
The journal entries are as follows:
(i) On June 1,
Petty cash A/c Dr. $200
To cash $200
(To record petty cash established)
(ii) On June 30,
Postage A/c Dr. $25
Entertainment A/c Dr. $100
Miscellaneous A/c Dr. $20
To cash short and over A/c $2
To cash ($200 - $57) $143
(To record cash replenishment)
Answer:
$96,000
Explanation:
Production 26,000 units
<u>Materials Purchase Budget</u>
Production Materials Required (5×26,000 units) 130,000
Add Budgeted Closing Materials (50,000×20%×5) 50,000
Total Materials 180,000
Less Budgeted Opening Inventory (4,000×5) (20,000)
Budgeted Materials 160,000
Material Cost per pound $0.60
Total Material Cost $96,000
Therefore, the materials purchases budget will be for the month ending April 30 will be $96,000.
