Question 9 of 10

A company begins a review of ordering policies for its continuous review system by checking the current policies for a sample of

Maru [420]

Answer:

Explanation:

Given that:

weekly demand = 72 units

no of weeks in 1 year = 48

Then; total demand = 72 × 48 = 3456 units

No of orders = $\dfrac{\text{total demand }}{EOQ}$

= $\dfrac{\text{3456}}{145}$

∴

The periodic review (P) = $\dfrac{1}{no \ of \ orders}$

= $\dfrac{1}{\dfrac{3456}{145}}$

$= \dfrac{145}{3456}$

= 0.041956 year

≅ 2 weeks

Z score based on 88 percent service level = NORMSINV(0.88) = 1.18

Here;

Lead time = 3 wks

P = 2 weeks

Thus protection interval = ( 3+2) weeks

= 5 weeks

Safety stock = z-score × std dev. of demand at (P+L) days

std dev = $\sqrt{5 } \times 18$ = 2.236 × 18

std dev = 40.248 units

Safety stock = 1.18 × 40.248

safety stock = 47.49 units

Safety stock ≅ 48 units

Average demand during(P + L) = 5 × 72 units

= 360 units

Target inventory level = average demand + safety stock

= 360 units + 48 units

= 408 units

3 0

3 years ago

The following is a list of costs incurred by several businesses:

Rainbow [258]

Answer:

a. (Factory overhead cost,Administrative cost)

b. (Direct material cost,Product cost)

c. (Factory overhead cost,Administrative cost)

d.(Factory overhead cost,Administrative cost)

e.(Direct labor cost,Product cost)

f.(Factory overhead cost,Administrative cost).

g.(Factory overhead cost,Administrative cost)

h. (Direct material cost,Product cost)

i.(Period cost,Selling cost)

j.( Factory overhead cost,)

K.(Period cost,Administrative cost)

L.(Direct material cost,Product cost)

m.(Direct labor cost,Product cost)

n.(Direct material cost,Product cost)

o.(Direct material cost,Product cost)

p.(Direct labour cost,Product cost)

q.(Factory overhead cost,Administrative cost)

r.(Direct material cost,product cost)

s.(Factory overhead cost,Administrative cost)

t.(Direct material cost,Product cost)

u.(Period cost,Administrative cost)

v.(Product cost,Direct labour cost)

w.(period cost,Selling cost)

x.(Period cost,Administrative cost)

7 0

3 years ago

If the company uses the horizontal linkage model, how can the software development department expect to do its work? Check all t

Lyrx [107]

Answer:

A)Software development employees will receive customer feedback about whether the products are helpful to students.

B)Software development employees will have opportunities to tell the research and marketing departments if a new product idea cannot be brought to market in a timely or cost-effective manner.

C)Instead of getting orders from the top management about what products to make, based on what the research department recommends, software development employees will participate on teams that collect data and make decisions.

Explanation:

Horizontal linkage model, gives room to departments in an organization to have relationship in working out new product such as commercial products.horizontal linkage model gives room for a good relationship between worker/employee within a particular organization.

If the company uses the horizontal linkage model, the software development department are expected to do its work by taking actions such as;

✓Receiving feedback from customers about how helpful the product is to the consumer of it.

✓ the relationship the model create will allow the software development employees to communicate with research and marketing departments

if new product ideals cannot be brought to market in a timely or cost-effective manner.

✓development employees will

have a team parformance, to collect data and make decisions.

4 0

4 years ago

Select the type of economic system that best matches each of the given descriptions.

Svetllana [295]

Answer:

based on government control- command

of resources and production

based on traditions and customs- traditional;

based on the forces of supply and demand- market

based on price rationing and includes- mixed

some government involvement

Explanation:

i dont cap

7 0

3 years ago

Mr. Hopper expects to retire in 30 years, and he wishes to accumulate $1,000,000 in his retirement fund by that time. If the int

larisa86 [58]

Answer:

Annual payment = $4,143.66 (Approx)

Explanation:

Given:

P = $1,000,000

r = 12% = 0.12

n = 30

Find:

Annual payment

Computation:

$Annual\ payment=P[\frac{(1+r)^n-1}{r} ] \\\\Annual\ payment=1,000,000[\frac{(1+0.12)^{30}-1}{0.12} ] \\\\ Annual\ payment=4143.66$

Annual payment = $4,143.66 (Approx)

7 0

3 years ago