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Q2) Month- --Expected Demand-- Jan-- -1300-- Feb- -1000---- Mar-- -1100--- Apr-- -1550- May--- -1550--- Jun- -1600--

Q2) Month- --Expected Demand-- Jan-- -1300-- Feb- -1000---- Mar-- -1100--- Apr-- -1550- May--- -1550--- Jun- -1600--

FINANCIAL ACCOUNTING
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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Q2) Month- --Expected Demand- --Production Days Jan-- ---1300---- --21 Feb- -1000- ---18 Mar- -1100- -18 Apr-- -1550-- --22 May-- -1550- --19 Jun-- -1600- ----20 Cost Information: Inventory carrying cost = SR 8 per unit per month Average pay rate = SR 15 per hour Labor-hours to produce a unit = 4 hours per unit Daily working hours = 8 hours a) What is the average production per day ? b) Using excel, calculate the cost of the following.plan : - we assume that the production per day is average requirements ( average production per day) and that we have a constant workforce, no overtime or idle time, no safety stock, and no subcontractors. The firm accumulates inventory during the slack period of demand, January through March, and depletes it during the higher-demand warm season, April through June. We assume beginning inventory = 0 and planned ending inventory = 0.
Transcribed Image Text:Q2) Month- --Expected Demand- --Production Days Jan-- ---1300---- --21 Feb- -1000- ---18 Mar- -1100- -18 Apr-- -1550-- --22 May-- -1550- --19 Jun-- -1600- ----20 Cost Information: Inventory carrying cost = SR 8 per unit per month Average pay rate = SR 15 per hour Labor-hours to produce a unit = 4 hours per unit Daily working hours = 8 hours a) What is the average production per day ? b) Using excel, calculate the cost of the following.plan : - we assume that the production per day is average requirements ( average production per day) and that we have a constant workforce, no overtime or idle time, no safety stock, and no subcontractors. The firm accumulates inventory during the slack period of demand, January through March, and depletes it during the higher-demand warm season, April through June. We assume beginning inventory = 0 and planned ending inventory = 0.
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