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The per-unit cost of an item is its average total costtotal cost/quantity). Suppose that a new...
Item No. Quantity Cost per Unit Cost to Replace Estimated Selling Price Cost of Completion and...
Item No.
Quantity
Cost per Unit
Cost to Replace
Estimated Selling Price
Cost of Completion and Disposal
Normal Profit
1320
1,400
$3.84
$3.60
$5.40
$0.42
$1.50
1333
1,100
3.24
2.76
4.20
0.60
0.60
1426
1,000
5.40
4.44
6.00
0.48
1.20
1437
1,200
4.32
3.72
3.84
0.30
1.08
1510
900
2.70
2.40
3.90
0.96
0.72
1522
700
3.60
3.24
4.56
0.48
0.60
1573
3,200
2.16
1.92
3.00
0.90
0.60
1626
1,200
5.64
6.24
7.20
0.60
1.20
Company A follows the practice...
5 points Consider an item with item cost 100. The cost per order is 75 and...
5 points Consider an item with item cost 100. The cost per order is 75 and holding cost is 30% of the item cost. Daly demand is 10 units. The supplier takes 12 days to deliver the products. Assume that demand is constant. Also assume that working days in a year are 300 1. What shall be economic order quantity? 2. What shall be reorder point to run this inventory system? 3- What shall be total annual cost to run...
A firm sells 16,000 units of an item each year. The carrying cost per unit is...
A firm sells 16,000 units of an item each year. The carrying cost per unit is $.65 and the fixed costs per order are $55. What is the economic order quantity? 1,498 units 1,531 units 1,646 units 1,465 units 1,613 units
Inventory Quantity Cost per Unit Net Realizable Value per Unit Classification:Premium Item 1 80 $180 $185...
Inventory Quantity Cost per Unit Net Realizable Value per Unit Classification:Premium Item 1 80 $180 $185 Item 2 150 100 98 Item 3 200 165 175 Item 4 140 158 120 Classification: Classic Item 5 100 100 98 Item 6 50 90 95 Item 7 500 105 115 Item 8 280 80 75 Required a. Calculate lower-of-cost-or-net realizable value of Guccii's December 31, 2020, inventory applying the rule to each individual item.
EWL Corporation sells its product for $130 per unit. Its total cost function is TC =...
EWL Corporation sells its product for $130 per unit. Its total cost function is TC = $15,000+ $800. EWL's production capacity is 500 units per month. It normally operates at 80% of capacity. Match the lettered items on the right with the appropriate item on the left. Each numbered item has only one correct answer. Each lettered item may be used once, more than once, or not at all. 1. Actual unit activity minus A. Margin of safety Breakeven point...
15 09. 00 points) Suppose that a firm's cost per unit of labor (w) is $30 per day and its cost per a. Draw the isocost line for a total cost per day of s15,000. (Base case) and Draw the What...
15 09. 00 points) Suppose that a firm's cost per unit of labor (w) is $30 per day and its cost per a. Draw the isocost line for a total cost per day of s15,000. (Base case) and Draw the What are the maximum amount of K and L possibly used to produce 100 units? unit of capital (r) is $50 per day isoquant curve when this firm is producing efficiently, assuming output is 100 units b. If the price...
Suppose that a company offers quantity discounts. If up to 1000 units are purchased, the unit...
Suppose that a company offers quantity discounts. If up to 1000
units are purchased, the unit price is $10; if more than 1000 and
up to 5000 units are purchased, the unit price is $9; and if more
than 5000 units are purchased, the unit price is $7.50. Develop a
spreadsheet using the VLOOKUP function to find the unit price
associated with any or-der quantity and compute the total cost of
the order.
S&S No. 106 INVOICE Customer G. Kite...
A firm sells 1,000 units per week. Suppose the average variable cost is $25, and the...
A firm sells 1,000 units per week. Suppose the average variable cost is $25, and the average cost is $60. In the short run, the break-even price is ? . In the long run, the break-even price is ? Suppose the firm charges a price of $42 per unit. Use the following table to indicate whether the firm will shut down or continue to produce in the short run and the long run. Time Continue to Produce Shut Down Short...
Lower-of-Cost-or-Market Method On the basis of the data shown below: Item Inventory Quantity Cost per Unit...
Lower-of-Cost-or-Market Method On the basis of the data shown below: Item Inventory Quantity Cost per Unit Market Value per Unit (Net Realizable Value) CK3J 114 $61 $56 O5T4 238 30 35 Determine the value of the inventory at the lower of cost or market by applying lower of cost or market to each inventory item, as shown in Exhibit 9.
Lower-of-Cost-or-Market Method On the basis of the data shown below: Item Inventory Quantity Cost per Unit...
Lower-of-Cost-or-Market Method On the basis of the data shown below: Item Inventory Quantity Cost per Unit Market Value per Unit (Net Realizable Value) IA17 130 $55 $57 TX24 251 28 24 Determine the value of the inventory at the lower of cost or market by applying lower of cost or market to each inventory item, as shown in Exhibit 9. $
Item No.
Quantity
Cost per Unit
Cost to Replace
Estimated Selling Price
Cost of Completion and Disposal
Normal Profit
1320
1,400
$3.84
$3.60
$5.40
$0.42
$1.50
1333
1,100
3.24
2.76
4.20
0.60
0.60
1426
1,000
5.40
4.44
6.00
0.48
1.20
1437
1,200
4.32
3.72
3.84
0.30
1.08
1510
900
2.70
2.40
3.90
0.96
0.72
1522
700
3.60
3.24
4.56
0.48
0.60
1573
3,200
2.16
1.92
3.00
0.90
0.60
1626
1,200
5.64
6.24
7.20
0.60
1.20
Company A follows the practice...
5 points Consider an item with item cost 100. The cost per order is 75 and holding cost is 30% of the item cost. Daly demand is 10 units. The supplier takes 12 days to deliver the products. Assume that demand is constant. Also assume that working days in a year are 300 1. What shall be economic order quantity? 2. What shall be reorder point to run this inventory system? 3- What shall be total annual cost to run...
EWL Corporation sells its product for $130 per unit. Its total cost function is TC = $15,000+ $800. EWL's production capacity is 500 units per month. It normally operates at 80% of capacity. Match the lettered items on the right with the appropriate item on the left. Each numbered item has only one correct answer. Each lettered item may be used once, more than once, or not at all. 1. Actual unit activity minus A. Margin of safety Breakeven point...
15 09. 00 points) Suppose that a firm's cost per unit of labor (w) is $30 per day and its cost per a. Draw the isocost line for a total cost per day of s15,000. (Base case) and Draw the What are the maximum amount of K and L possibly used to produce 100 units? unit of capital (r) is $50 per day isoquant curve when this firm is producing efficiently, assuming output is 100 units b. If the price...
Suppose that a company offers quantity discounts. If up to 1000
units are purchased, the unit price is $10; if more than 1000 and
up to 5000 units are purchased, the unit price is $9; and if more
than 5000 units are purchased, the unit price is $7.50. Develop a
spreadsheet using the VLOOKUP function to find the unit price
associated with any or-der quantity and compute the total cost of
the order.
S&S No. 106 INVOICE Customer G. Kite...
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