Homework Answers
Answer:-
Average Level of stock = Minimum level of Stock + 1/2(re order quantity)
Reorder quantity = (Average level of stock - minimum level of Stock)*2
Reorder quantity = (18,000 - 8,000)*2
Reorder quantity = 20,000
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3- If the minimum stock level and average stock level of raw material A are 8,000...
The question of raw material in the purchases budget may be higher than the quantity of...
The question of raw material in the purchases budget may be higher than the quantity of raw material in the production budget because: Group of answer choices The company obtains discount for bulk purchases units sold will be higher than units sold Raw material prices are falling Stock level are being reduced
Quality inspection of raw material includes A. verify quality level is the level requested by the...
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The standard and actual prices per pound of raw material are $4.00 and $4.50, respectively. A...
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12. What contribution margin per pound of raw material is earned by each of the two...
12. What contribution margin per pound of raw material is earned
by each of the two products?
Contribution margin per pound: Alpha Beta
13. Assume that Cane's customers would buy a maximum of 97,000
units of Alpha and 77,000 units of Beta. Also assume that the
company's raw material available for production is limited to
247,000 pounds. How many units of each product should Cane produce
to maximize its profits?
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14. Assume that Cane's customers would...
11. How many pounds of raw material are needed to make one unit of each of...
11. How many pounds of raw material are needed to make one unit
of each of the two products?
12. What contribution margin per pound of raw material is earned
by each of the two products? (Round your answers to 2
decimal places.)
13. Assume that Cane’s customers would buy a maximum of 83,000
units of Alpha and 63,000 units of Beta. Also assume that the
company’s raw material available for production is limited to
200,000 pounds. How many units...
11. How many pounds of raw material are needed to make one unit of each of...
11. How many pounds of raw material are needed to make one unit of each of the two products? Alpha Beta Pounds of raw materials per unit 13. Assume that Cane's customers would buy a maximum of 86,000 units of Alpha and 66,000 units of Beta. Also assume that the company's raw material available for production is limited to 210,000 pounds. How many units of each product should Cane produce to maximize its profits? Alpha Beta Units produced 14. Assume...
You are the purchasing manager and you buy a raw material having the following information: Annual...
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accounts multiple choice The graph below depicts the components of total stock administration costs for an...
accounts multiple choice
The graph below depicts the components of total stock administration costs for an item of inventory Cost(s) Z Quantity (units) Nhat does the point labelled Z represent? Select one: a. Ordering costs b. Storage costs C. The economic order quantity d. Total stock administration costs Total Stock Administration costs under the EOQ model is the sum of: Select one: a. Carrying costs and reorder level costs b. Storage and carrying costs c. Minimum stock costs and reorder...
Calculate the number of pounds of raw material to be purchased in June.
ABC Company's budgeted sales for June, July, and August are 14,400, 18,400, and 16,400 units, respectively. ABC requires 30% of the next month's budgeted unit sales as finished goods inventory each month. Budgeted ending finished goods inventory for May is 4,320 units. Each unit that ABC Company produces uses 3 pounds of raw material. ABC requires 25%, of the next month's budgeted production as raw material inventory each month.Calculate the number of pounds of raw material to be purchased in...
IM.63 G's Dairy is trying to determine how to manage their stock of raw milk. They...
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12. What contribution margin per pound of raw material is earned
by each of the two products?
Contribution margin per pound: Alpha Beta
13. Assume that Cane's customers would buy a maximum of 97,000
units of Alpha and 77,000 units of Beta. Also assume that the
company's raw material available for production is limited to
247,000 pounds. How many units of each product should Cane produce
to maximize its profits?
Units produced: Alpha Beta
14. Assume that Cane's customers would...
11. How many pounds of raw material are needed to make one unit
of each of the two products?
12. What contribution margin per pound of raw material is earned
by each of the two products? (Round your answers to 2
decimal places.)
13. Assume that Cane’s customers would buy a maximum of 83,000
units of Alpha and 63,000 units of Beta. Also assume that the
company’s raw material available for production is limited to
200,000 pounds. How many units...
11. How many pounds of raw material are needed to make one unit of each of the two products? Alpha Beta Pounds of raw materials per unit 13. Assume that Cane's customers would buy a maximum of 86,000 units of Alpha and 66,000 units of Beta. Also assume that the company's raw material available for production is limited to 210,000 pounds. How many units of each product should Cane produce to maximize its profits? Alpha Beta Units produced 14. Assume...
accounts multiple choice
The graph below depicts the components of total stock administration costs for an item of inventory Cost(s) Z Quantity (units) Nhat does the point labelled Z represent? Select one: a. Ordering costs b. Storage costs C. The economic order quantity d. Total stock administration costs Total Stock Administration costs under the EOQ model is the sum of: Select one: a. Carrying costs and reorder level costs b. Storage and carrying costs c. Minimum stock costs and reorder...
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