answer in 30 mins. Consider the following data for the Golden Beverages, a producer of two major products - Old Fashioned and Foamy Delite root beers.Production cost ($/unit)$60.00Inventory holding cost ($/unit)$2.30Lost sales cost ($/unit)$95.00Overtime cost ($/unit)$4.50Undertime cost ($/unit)$3.00Rate change cost ($/unit)$8.00Normal production rate (units)1,500Ending inventory (previous Dec.)1,000Note that the chase demand strategy has a total cost of $1,431,350.00. Calculate the total cost of two other production strategies that areproposed to the Golden Beverages. Round your answers to the nearest cent.Production strategy 1:MonthDemandProductionJanuary1,800900February2,7001,900March2,4001,900April2,0001,900May1,3001,900June3,0001,900July1,4001,900August1,0001,900September2,5001,900October1,1001,900November1,6001,900December2,0001,900Total cost of production strategy 1: $ Production strategy 2:MonthDemandProductionJanuary1,8002,000February2,7003,000March2,4003,000April2,0003,000May1,3003,000June3,0003,000July1,4002,000August1,0002,000September2,5002,000October1,1002,000November1,6002,000December2,0002,000Total cost of production strategy 2: $Selectis the best production strategy for the Golden Beverages to minimize the total cost.SelectProduction strategy1Production strategy 2Chase demand strategyCheck My Work (1 remaining)

Total cost refers to the total expenses born by a company while manufacturing some products.

Answered: Production cost ($/unit) $60.00 ry…

Production cost ($/unit) $60.00 ry holding cost ($/unit) $2.30 Lost sales cost ($/unit) $95.00 Overtime cost ($/unit) $4.50 Undertime cost ($/unit) $3.00

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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