Northwest manufactures a product requiring 0.5 ounces of platinum per unit. The cost ofplatinum is approximately $360 per ounce, the company maintains an ending platinuminventory equal to 10% of the following month's production usage. The following data weretaken from the most recent quarterly production budgetAugustSeptember980JulyPlanned production in units1,0001,100The cost of platinum to be purchased to support August production is:$195,840.1,1O $198,000.O $200,160.

Northwest manufactures a product requiring 0.5 ounces of platinum per unit The cost of platinum is approximately $360 per ounce, the company maintains an ending platinum inventory equal to 10% of the following month's production usage The following data were aken from the most recent quarterly production budget Septembe July 1,000 August 1,100 980 Planned production in units he cost of platinum to be purchased to support August production is $195,840. 1,1 O $198,000. O $200,160.

Northwest manufactures a product requiring 0.5 ounces of platinum per unit The cost of platinum is approximately $360 per ounce, the company maintains an ending platinum inventory equal to 10% of the following month's production usage The following data were aken from the most recent quarterly production budget Septembe July 1,000 August 1,100 980 Planned production in units he cost of platinum to be purchased to support August production is $195,840. 1,1 O $198,000. O $200,160.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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12-A customer has asked your company to prepare a bid on supplying 1000 units of a new product. Production will be in batches of 100 units. You estimate that costs for the first batch of 100 units will average OMR 200 a unit. You also expect that a 90% learning curve will apply to the cumulative labour cost on this contract. Estimate the incremental labour cost of extending the production run to produce an additional 1000 units. a. None of the given options b. OMR 52490 c. OMR 55500 d. OMR 60000
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General Motors Corporation in their Detroit plant, makes industrial strength eight-cylinder engines that are used in their heavy duty automobiles Operations manager at Detroit plant has developed the following supply, demand, cost, and inventory data for future planning purposes. Supply Available Regular Time Demand Forecast Period Overtime Subcontract 1 40 15 10 40 2 30 15 10 55 3 30 20 10 50 20 units $100 Initial inventory Regular-time cost per unit Overtime cost per unit Subcontract cost per unit $160 $200 Carrying cost per unit per month $6 Assuming the initial inventory has no holding cost in the first period and that backorders are not permitted.
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Using annual cost method, what is the total annual cost of machine A, B, C, D.
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