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.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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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.
Transcribed Image Text: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.
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