In 2013, the price for a market basket of consumer goods is $1,600. In the base year, the cost of the identical market basket was $1,000. The price index in this case is O 16.0. O 200.0. O 130.0. O 160.0.
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- Ottis, Inc., uses 640,000 plastic housing units each year in its production of paper shredders. The cost of placing an order is $30. The cost of holding one unit of inventory for one year is $15.00. Currently, Ottis places 160 orders of 4,000 plastic housing units per year. Compute the economic order quantity. Compute the ordering, carrying, and total costs for the EOQ. How much money does using the EOQ policy save the company over the policy of purchasing 4,000 plastic housing units per order?calculate the most economic quantity to order each time for 2023 (expressed to next whole number)The company Cojines Cromáticos, S.A. uses a standard cost system. The standard information for a finished cushion is 3.5 labor hours with a standard rate of $ 5.5 per hour. The total wages paid in the month was $ 225,000 corresponding to a total of 45,000 hours worked. In the month of November, 12,000 cushions were produced. What is the variation in the labor rate for the month of November?
- For your first assignment at your new construction company, you are asked to make a rough estimate of the costs for a new hockey rink in Squamish. You are given data for a previous project in Laval from 2015. The previous rink cost $6 million and was 52,000 square feet in size. The planned rink will be 41,000 square feet. Costs in Squamish are expected to be 47% highe than Laval. The CPI from 2015 was 126.6 while the most recent annual CPI was 136. The capacity factor is estimated to be 0.8. a. 9.475 O b. 7.834 c. 9.930 d. 5.082There has been a small increase in the price per pound for the prosciutto, and Mister Dee is concerned that the current menu selling price of $20 for the Pizza Arrabbiata may have to be increased. Therefore, he wants you to update the Recipe Cost Card for Pizza Arrabiata and complete a Plate Cost Card and give him your recommendation for the updated. Menu Item: Pizza Arrabbiata Quantity Sold: 142 Sales Total: 3,500.50Blake&Sons run a business of manufacturing animal trackers in Lansing, Michigan. It employs a total of 60 workers for $30 per hour wage rate. Expenses incurred on materials including metal and wiring sum up to $2800. Miscellaneous costs like energy and infrastructure are half of material costs.In January, the firm produced 10,000 trackers, with each employee working for 10 hours. If each tracker is sold for $20, find the following:a) Labor productivity per hourb) Labor productivity per dollarc) Multifactor productivity (Output income)d) Multifactor productivity (Output units)
- Question 3 Joan Zorba orders calculators for her office supply stores. Each calculator cost $35, currently she is ordering 230. Daily demand for these calculators is 5. The cost to re-order this item is estimated at $44, while the annual inventory holding cost is 22%. Orders are received two working days after an order is placed. The office operates 52 weeks per year, 5 days per week. What is the duration of a cycle (in days) associated with the EOQ? Greater than or equal to 6 and less than or equal to 10 Greater than or equal to 58 and less than or equal to 68 Greater than or equal to .001 and less than or equal to 3 Greater than or equal to 18 and less than or equal to 28 4 pts < Previous Next VIBetween 2012 and 2013, the cost of a typical consumer’s market basket in Quarterville increased from 31 to 34. Assuming 2012 is the base year, calculate the index number for this market basket in 2012. Assuming the same base year, calculate the index number for this market basket in 2013.Mustang Mobile charges $15 for each tetrabyte of data used on its smartphone plans. Use this information to create a table showing the charges for data based on the number of tetrabytes used.
- An electronics company makes communications devices for military contracts. The company just completed a large contract. The Army contract was for 6808 devices that were produced by 43 workers in three weeks. Each worker worked 40 hours per week. What was the prductivity for the ARMY contact in devices per labour hour? (State your answer rounded to two decimal places)This is an exercise. The cost of all the raw materials increased by 12% from the year 2017 to 2019. Find the composite Index in the year 2019 based on the year 2015.17) (OUP-U6-Q14) The figure depicts the isocost lines of a firm. Which of the following statements is correct? Effort per hour 0.9 0.7 0.6 0.45 0 0 Isocost A 13 10 Hourly wage, S Isocost B 20 Isocost C (A) The cost of production is constant along an isocost line. (B) Isocost A has the lowest cost per unit of effort of the three isocosts. (C) The units of effort per dollar of wage cost for isocost B are 0.45. (D) For the hourly wage of $12, the effort per hour is 0.8 on isocost A.