Answer:
(Q, R) = (1555, 1400)
shortage imputed = $0.388
Explanation:
Lot size-reorder point system is one of the multi period models. This system is denoted by decision variables (Q, R). This multi period model is implemented when there is uncertain demand in inventory control.
nevertheless, in the simple EOQ model, demand is known and fixed. But when the demand is random, these lot size-reorder point (Q, R) systems allow random demand.
There are two decision variables in a (Q, R) system:
Order quantity, Q and
Reorder point, R
Additional steps are attached as files
Answer: performance feedback
Explanation: Feedback on performance is a process of communication. It should be continuous as improvements are made on the basis of information exchanged between the manager and the subordinates. Regular follow-up dialogue should be in place to determine success.
Feedback is structured to see where things go right and where they go wrong. This suggests that leaders may need to be vigilant while they develop new behaviors and conquer the learning curves of new skills.
Answer:
1.$35,000
2.$6,300,000
Explanation:
The computation of Unit sales to earn the target income and Sales amount at required profit is given below:-
a. Contribution per unit = Unit sale price - Unit variable cost
= $180 - $135
= $45
Unit sales at required profit = (Sales cost + Required cost) ÷ Contribution per unit
= ($562,500 + $1,012,500) ÷ $45
= $1,575,000 ÷ $45
= $35,000
b. Sales amount at required profit = Unit sales at required profit × Unit sale price
= $35,000 × $180
= $6,300,000
