9- the daily demand for a product obeys a normal behavior with a mean of 60 units and a standard deviation of 10 units. The cost per order is $ 12, the cost to hold the inventory is $ 0.60. We consider 365 days of the year and work at a 95% satisfaction level (Z = 1.64). Also, the delivery time is known to be 5 days. What is the safety inventory? %3!

9- the daily demand for a product obeys a normal behavior with a mean of 60 units and a standard deviation of 10 units. The cost per order is $ 12, the cost to hold the inventory is $ 0.60. We consider 365 days of the year and work at a 95% satisfaction level (Z = 1.64). Also, the delivery time is known to be 5 days. What is the safety inventory? %3!

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

7. The Delivery costs are OMR 55,000 for Silver Keys Company, they have 500 purchase orders and made 800 deliveries in total. How much will the cost be per delivery for them? a. OMR 78.8 b. OMR 68.75 c. OMR 110 d. Insufficient data
4. Under 100% sales assumption using absorption costing, the ending inventory balance is 5. Under 75% sale assumption, using absorption costing, the ending inventory balance is? 6. Under 75% sale assumption, using variable costing, the ending inventory balance is?
Crane company expected to sell 1,400 units at $14 per unit and bread even sales for the product are $16, 660 what is the margin at safety ratio?
2.7 A company wants to develop a level production plan for a family of products. The open- ing inventory is 100 units, and an increase to 160 units is expected by the end of the plan. The demand for each period is given in what follows. How much should the company produce each period? What will be the ending inventories in each period? All periods have the same number of working days. Period 1 2 3 4 5 6 Total Forecast Demand 100 120 130 140 120 110 Planned Production Planned 100 Inventory
5. Genesis Company is a wholesaler. It purchases 60.000 units of Product X per month for sale to retailers. The cost of placing an order is P100. The cost of holding one unit of inventory for one year is P4. Note: Kindly input your answer with comma. Example: 10,000 Required: Previously, the company had been purchasing 5,000 units of product X per order: a. What is the ordering cost per year under the previous policy? b. The annual carrying cost? c. How much money does the company save over the policy of purchasing 5,000 units per order using the EOQ policy?
60
In a revenue sharing supply contract the wholesale order quantity is 8000 units and the wholesale price is $20. The retailer selling price is $36 and the clearance price is $12. For the demand scenario of 6,555 units the occurrence probability is 0.19. What is the expected profit for this scenario? (No decimals)
Lead time for one of your fastest-moving products is 24 days. Demand during this period averages 110 units per day. a) What would be an appropriate reorder point? units (enter your response as a whole number).
A production line is to run level production strategy. The sales forecast is shown below. Calculate the expected period-end inventory, if the opening inventory is 500 units. All periods are having same working days. Period 3 4 5 Forecast 700 700 1100 1600 1100 800 Planned production 1000 1000 1000 1000 1000 1000 Planned 500 Inventory
6. . At a furniture factory, the average selling price of a table is $18, the average variable expense per table is $ 9, and the average fixed expense per month is $ 12,000. On average 2, 000 tables are sold at each month. If sales increase by 20%, by how much should net operating income increase? A. $ 7,200 B. $ 10,000 C. $8,000 D. $3,160
Develop an equation for total monthly production costs. Total Monthly Production costs = Fixed Costs + Variable Costs = _____________ + ($ per unit X Number of units) Predict total costs for a monthly production volume of 9,000 units.
What is the cost price variance? * O Bulldogs Inc. sells the following products. The following were obtained from the records: 2022 Cost of Sales Gross Profit 2,000.00 Units sold Products Dog Food Sales 12,000.00 10,000.00 500.00 Dog Treats 10,000.00 9,000.00 1,000.00 250.00 22,000.00 19,000.00 3,000.00 750.00 2021 Products Dog Food Cost of Sales 10,000.00 Gross Profit 1,000.00 Sales Units 11,000.00 250.00 Dog Treats 10,000.00 8,000.00 2,000.00 250.00 21,000.00 18,000.00 3,000.00 500.00 O 7,500U O 6,000F O 8,000U O 9,000U