Queen Manufacturing uses 1,900 switch assemblies per week and then reorders another 1,900. Assume the relevant carrying cost perswitch assembly is $5.60 and the fixed order cost is $605.a. Calculate the carrying costs.Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.b. Calculate the restocking costs.Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.c. Calculate the economic order quantity.Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.d. Calculate the EOQ number of orders per year.Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.a. Carrying costsb. Restocking costsc. Economic order quantityd. Number of orders

a. Carrying CostsCarrying cost is calculated as the average inventory level multiplied by the…

Answered: Queen Manufacturing uses 1,900 switch…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Phone, Inc., uses the product cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 5,490 units of cell phones are as follows: Variable costs: Fixed costs: Direct materials $90 per unit Factory overhead $201,800 Direct labor 39 Selling and admin. exp. 69,700 Factory overhead 22 Selling and admin. exp. 19 Total variable cost per unit $170 per unit Phone desires a profit equal to a 14% rate of return on invested assets of $598,700. Determine the amount of desired profit from the production and sale of 5,490 units of cell phones. $____ Determine the product cost per unit for the production of 5,490 of cell phones. If required, round your answer to nearest dollar. $______ per unit Determine the product cost markup percentage (rounded to two decimal places) for cell phones. _______…
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