Hi,Pls help with questions a & b highlihted in green.Ty. Explain how Tyler should plan to produce the candy in his bakery based on the informationhe obtained below from the Production Lot model:a. how much to produceb. When to produceTyler decides to use the Production Lot Model to estimate the amount of candy he shouldprepare in advance for selling at his bakery. The sugar candy he creates can last for a longtime with proper packaging and is fairly.easy to store in inventory if required. He runs somecalculations based upon the market demand and his production capacity as follows:• The Production Capacity for sugar candies is 12 Ibs. per month• Monthly Demand is estimated at 10 lbs. per month with the demand rate expectedto be constant through the year• Cost of setting up the production line (sugar, flavoring, heating equipment, etc.) isexpected to be around $10 for raw materials and distribution of work with a leadtime of 4 days.• The manufacturing cost per pound of cạndy is $5.00, which includes wages,electricity costs, and costs of raw materials.• The annual holding cost is figured at a 20% rate, which is pretty.standard in thisbusiness• The number of working days per year are 300Fill in the following table based on this information:# Optimal Inventory Policy1 Production Lot Size Q*Answer Type120Ibs.2 Annual Inventory Holding Cost H$10dollars3 Annual Setup Cost O$10dollars4 Total Annual Cost TC$20dollarsMaximum Inventory Level20Ibs.6 Average Inventory Level7 Reorder Point r8 Number of Orders Per Year (D/Q")9 Cycle Time (Days) T10Ibs.1.60Ibs.1300days

Inventory refers to the stock that the company held or is not sold yet and is expected to be sold…

Answered: ls help with questions a & b highlihted…

Business

Accounting

ls help with questions a & b highlihted in green.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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u Online C (78) Wha X M Uh-oh! T X Accounti X M Inbox (2, x O SP2021 Answere x E3 My Hom x * Cengage x Bartleby x + D X A v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?inprogress=true FMovies | Watch M. BIO201 Connect 10.. M Gmail D YouTube Fourth Homework O eBook 9. MC.12.09 Research and Development 10. MC.12.10 Instructions Chart Of Accounts General Journal 11. RE.12.01.BLANKSHEET Instructions 12. RE.12.02 Notting Hill Company incurred the following costs for R&D activities: 13. RE.12.03.BLANKSHEET Material used from inventory $15,000 14. RE.12.04.BLANKSHEET Equipment purchased (with cash) for R&D with no other use 85,000 Depreciation on building housing multiple R&D activities 10,000 15. RE.12.05.BLANKSHEET Wages and salaries paid to R&D employees 38,500 16. RE.12.06.BLANKSHEET Required: 17. RE.12.07.BLANKSHEET Prepare Notting Hill's journal entry(ies) to record its R&D. 18. RE.12.08 19. RE.12.09.BLANKSHEET 20. RE.12.10.BLANKSHEET 21. EX.12.01 22. EX.12.02.BLANKSHEET O…
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ChatGi X Gincome X > DeepL X zto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mhe Questi X ssignment i Use the following information for the Quick Studies below. (Algo) [The following information applies to the questions displayed below.] On December 31, Hawkin's records show the following accounts. $ 5,900 1,000 3,600 14,800 Cash Accounts Receivable Supplies Equipment Accounts Payable Hawkin, Capital, December 1 Hawkin, Withdrawals Services Revenue Wages Expense Rent Expense Utilities Expense HAWKIN Statement of Owner's Equity For Month Ended December 31 Hawkin, Capital, December 1 Add: Investments by owner Hawkin, Capital, December 31 6,400 15,300 1,800 $ 16,400 8,000 1,900 1,100 QS 1-16 (Algo) Preparing a statement of owner's equity LO P2 Use the above information to prepare a statement of owner's equity for Hawkin for the month ended December 31. Hint: Owner investments are $0 for the period. 0 Copia d X 0 0 chat.op X Log…
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