I need help with the attached questions. 8. All the following are holding cost EXCEPT:10. The abbreviation BOQ stands for:A. obsolescence costA. Brought Out QuietlyB. overheadsB. Batch Order QuantityC. handlingC. Big Order QuarterlyD. depreciationD. Back Off Queuing9. Which of the following is not an assumption forthe basic Economie Order Quantity (EOQ)?A. Demand is known exactly and is constantover time.B. All costs are known exactly and do notvary.C. Planned shortages are allowedD. Lead- time is zero.SECTION BA company uses 5000 items per annum which has a price of $2 each. The ordering costs are$150 per order and holding costs are $1.50 per item per annum.(a). Calculate the EOQ(b). Using the EOQ as the number of items ordered, calculate thei. number of orders per annum11. average stockiii. annual stock holding costiv. annual order costv. total annual inventory costvi. total annual cost of items and inventory(c). The company is offered a 5% discount (discounted price is $1.90) for orders of 5000 and over. Order costand holding cost remain at $150 per order and $1.50 respectively. Assuming that the company orders 5000items per order, calculate the:i. number of orders per annum11. average stockiii. annual stock holding costiv. annual order costv. annual inventory costvi. total annual cost of items and inventory(d). Which of the two quantities should the company decide on to minimize the total annual cost.(2)

The expenses that are in turn being incurred for carrying out transactions of a business in the…

Answered: 8. All the following are holding cost…

Business

Economics

8. All the following are holding cost EXCEPT: A. obsolescence cost B. overheads C. handling D. depreciation

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Indicate whether each of the following is anexplicit cost or an implicit cost.a. A manager’s salaryb. Payments to Dell for computersc. A salary forgone by the owner of a firm byoperating his or her own companyd. Interest forgone on a loan an owner makes tohis or her own companye. Medical insurance payments a companymakes for its employeesf. Income forgone while going to colle
Indicate whether each of the following is an explicit cost or an implicitcost.a. A manager's salaryb. Payments to Dell for computersc. A salary forgone by the owner of a firm by operating his or herown companyd. Interest forgone on a loan an owner makes to his or her owncompanye. Medical insurance payments a company makes for its employeesf. Income forgone while going to college
Times New Rom 12 A A Aa A == -=- E E T AaBbCcDc AaBbC AaBbCcC AaB AaBbCcD Аав O Find Replace BIU ab x, x A A- 目三==|m。 T Normal Heading 1 Heading 2 Title Subtitle Select Font Paragraph Styles Editing 1. 2. 4. 9. True or False 1.→Profit can-be calculated without including fixed costs. 2.→All costs can be categorized as either fixed or variable costs.T 3.→Total revenue accounts for all costs. 4.→One time-legal fees that move as services are rendered are considered variable costs. 5.→An-application fee and a fixed cost are basically the same. 6.→AVC+ AFC=TC. 7.→Short run costs are more associated with fixed costs rather than variable costs 8.→All average costs can be calculated by deriving the perunit costs 182 words MI DFocusBO e to search
What happen to salaries and wages when you are in a production/manufacturing business that you want to operate on and on for many production cycles? a. it will either be a variable and/ or fix cost b. it becomes fixed cost c. It becomes variable cost d. it is an operating expense When there are 3 indifference curves in a graph, what ideal point is desired? a. a point where budget and satisfaction coincides with each other b. a point that is within the highest budget line c. point that is within the highest indifference curve d. the point where there is satisfaction yielded An example of business that is servicing a captive consumers as there is an absence of choices to serve them. a. Duopoly b. Monopsony c. Monopoly d. Oligopoly
a. Why will firms in most markets be located at or close to the bottom of the longrun average cost curve? b. Distinguish between implicit and explicit costs. How is it possible to havepositive accounting profit and negative economic profit concurrently? c. Distinguish between economies of scale and constant returns to scale. What shape will the long-run average cost curve have for economies of scale andconstant returns to scale. d. What is the difference between production in the short run and production in the long run? Explain the shape of the long-run cost curve in relation to shortrun cost curves?
Ball Bearings, Inc., faces costs of production as follows:a. Calculate the company’s average fixed cost, average variable cost, average total cost,and marginal cost at each level of production.b. The price of a case of ball bearings is $50. Seeing that he can’t make a profit, thechief executive officer (CEO) decides to shut down operations. What is the firm’sprofit/loss? Was this a wise decision? Explain.c. Vaguely remembering his introductory economics course, the chief financial officertells the CEO it is better to produce 1 case of ball bearings, because marginal revenueequals marginal cost at that quantity. What is the firm’s profit/loss at that level ofproduction? Was this the best decision? Explain
F a) Draw the demand process cycle and label it fully. b) A door company has the following materials in inventory. Inspect the table below and answer the following questions Material Average (in Kilograms) Price Aluminum 3884 $3.0 Steel 5850 $1.4 Iron 200 $1 Work in Progress Average Price Fence 78 230 Final Products Average Price Door 300 300 Window 550 240 i. Calculate the number of turns. ii. Calculate the cost per day.
Please help me with my assignment.
Answer a and what u can in b please
Which of the following is an implicit cost to a firm that produces a good or service? A. Labor costsB. Costs of operating production machineryC. Foregone profits of producing a different good or serviceD. Costs of renting or buying land for a production site
Which of the following is a typical example of a variable cost of production in a business firm? A. Property insuranceB. Property taxC. Raw materialsD. Wages paid to salaried employees
0 Labo capit total Labors ur al product $20 FC 5 15 1 10 1 1 1 20 1 Question 6 Mr-Ali Alawi recently set a shoe manufacturing outlet. He is planning for production demand, labor requirement, fixed cost, variable cost, the revenue. He come up with the following schedule. Help him to fill up the schedule. Initially he plans to use one machine. Total fixed cost per month is expected to be $1000. The unit cost of labor is estimated to be $20. 0 25 75 100 VC=# of 150 0 100 200 300 1000 total Cost(FC+VATotal cost/ C) 100 1000 120 1000 140 1000 160 Marginal cost(MC) 400 1000 180 ATotal Product Total Revenue Profit