Subsectionion 175 / 5 pointsThe annual demand for a product has been projected at 2,000 units. This demand is assumed to be constant throughout the year. The ordering cost is $20 per order, and the holding cost is 20 percent of the purchase cost. The purchase cost is $40 per unit. There are 250 working days per year. Currently, the company is ordering 500 units each time an order is placed. Assuming the company uses a safety stock of 20 units resulting in a reorder point of 60 units, what is the expected lead-time for delivery?
7 days6 days5 days4 daysNone of the above
Question 18
5 / 5
points
Daniel Trumpe has computed the EOQ for a product he sells to be 400 units. However, due to recent events, he has a cash flow problem. Therefore, he orders only 100 units each time he places an order. Which of the following is true for this situation?
Subsectionion 195 / 5 pointsA widely used mathematical programming technique designed to help managers and decision making relative to resource allocation is called __________.
Question 205 / 5 pointsThe "point at which to reorder" depends directly on which of the following?
ion 15 / 5 pointsWhich of the following financial statements reports an entity's cash receipts and cash payments during the period?
The statement of cash flowsThe balance sheetThe statement of retained earningsThe income statement
Question 25 / 5 pointsBrannon Company manufactures ceiling fans and uses an activity-based costing system. Each ceiling fanconsists of 20 separate parts totaling $95 in direct materials, and requires 2.5 hours of machine time to produce. What is the cost of assembling per ceiling fan?ActivityAllocationCost Allocation RateMaterials handlingNumber of parts$ .08MachiningMachine hours$7.20AssemblingNumber of parts$ .35PackagingNumber of finished units$2.70$7.00$7.50
Question 35 / 5 pointsBrannon Company manufactures ceiling fans and uses an activity-based costing system. Each ceiling fanconsists of 20 separate parts totaling $95 in direct materials, and requires 2.5 hours of machine time to produce. What is the total manufacturing cost per ceiling fan?
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- Fall '16
- Supply And Demand
