Neural Network Innovations (NNI) company produces 12,500 Wi-Fi capable modem-routers per year. NNI can produce Wi-Fi boards at a rate of 300 units per day. The holding cost for a Wi-Fi board is $2 per unit per year and ordering costs are $30.00 per order. Given that NNI operates 250 days per year, find the percentage of time (days) the factory will be producing the boards.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
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Neural Network Innovations (NNI) company
produces 12,500 Wi-Fi capable modem-routers per
year. NNI can produce Wi-Fi boards at a rate of 300
units per day. The holding cost for a Wi-Fi board is
$2 per unit per year and ordering costs are $30.00
per order. Given that NNI operates 250 days per
year, find the percentage of time (days) the factory
will be producing the boards.
Transcribed Image Text:Neural Network Innovations (NNI) company produces 12,500 Wi-Fi capable modem-routers per year. NNI can produce Wi-Fi boards at a rate of 300 units per day. The holding cost for a Wi-Fi board is $2 per unit per year and ordering costs are $30.00 per order. Given that NNI operates 250 days per year, find the percentage of time (days) the factory will be producing the boards.
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