Every year, Danielle Santos sells 239,040 cases of her Delicious Cookie Mix. It costs her $2...
Every year, Danielle Santos sells
239,040
cases of her Delicious Cookie Mix. It costs her
$2
per year in electricity to store a case, plus she must pay annual warehouse fees of
$4
per case for the maximum number of cases she will store. If it costs her
$747
to set up a production run, plus
$6
per case to manufacture a single case, how many production runs should she have each year to minimize her total costs?
Homework Answers
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Every year, Danielle Santos sells
239,040
cases of her Delicious Cookie Mix. It costs her
$2...
Every year, Danielle Santos sells 93,996 cases of her Delicious Cookie Mix. It costs her $1...
Every year, Danielle Santos sells 93,996 cases of her Delicious Cookie Mix. It costs her $1 per year in electricity to store a case, plus she must pay annual warehouse fees of $3 per case for the maximum number of cases she will store. If it costs her $746 to set up a production run, plus $6 per case to manufacture a single case, how many production runs should she have each year to minimize her total costs?
A) A manufacturer has a steady annual demand for 43, 520 cases of sugar. It costs $10 to store 1...
a) A manufacturer has a steady annual demand for 43, 520 cases of sugar. It costs $10 to store 1 case for 1 year, $34 in set up cost to produce each batch, and $15 to produce each case. Find the number of cases per batch that should be produced to minimize cost. b) Every year, the same manufacturer sells 107,856 cases of cookie mix. It costs them $2 per year in electricity to store a case, plus they must...
Betty runs a shop where she sells $1 each cookie. In a year, she could sell...
Betty runs a shop where she sells $1 each cookie. In a year, she could sell 200,000 cookies average. She employs 5 people who each worked a total of 500 hours a year. She paid them a wage of $10 per hour. She also has costs from equipment and raw materials around $75,000 a year. Other companies have offered to pay Betty $80,000 if she would come to work for them. She could rent out her shop for $5,000; assume...
A retail outlet for calculators sells 700 calculators per year. It costs $2 to store one...
A retail outlet for calculators sells 700 calculators per year. It costs $2 to store one calculator for a year. To reorder, there is a fixed cost of $7, plus $1.25 for each calculator. How many times per year should the store order calculators, and in what lot size, in order to minimize inventory costs? calculators times per year to minimize inventory costs. The store should order (Simplify your answers.)
A retail outlet for calculators sells 900 calculators per year. It costs $2 to store one...
A retail outlet for calculators sells 900 calculators per year. It costs $2 to store one calculator for a year. To reorder, there is a fixed cost of $4, plus $1.75 for each calculator. How many times per year should the store order calculators, and in what lot size, in order to minimize inventory costs? calculators times per year to minimize inventory costs. The store should order (Simplify your answers.)
[3] Suppose your aunt has just closed her books from her first year in the retail...
[3] Suppose your aunt has just closed her books from her first year in the retail cookie business and is ecstatic with the profit her accountant says she has earned. Her business earned $115,000 in sales revenue over the year, and its costs for rent, raw materials, electricity, and the like were $80,000. Your uncle is not quite as elated, but can't figure out exactly why. In discussing the situation with you (the family economist), he offers the following information....
4 questions MICROECONOMICS ECONOMIC VS. ACCOUNTING PROFITS - HOMEWORK BSE 2212 2) Chapter 9 #1. Gomez...
4
questions
MICROECONOMICS ECONOMIC VS. ACCOUNTING PROFITS - HOMEWORK BSE 2212 2) Chapter 9 #1. Gomez runs a small pottery firm. He hires one helper at $12,000 per year, pays annual rent of $5,000 for his shop, and spends $20,000 per year on materials. He has $40,000 of his own funds invested in equipment (pottery wheels, kilns, and so forth) that could earn him $4,000 per year if has been offered $15,000 per year to work as a potter for...
V Boutique is a fashion house that designs, manufactures, and sells evening gowns. Their lowest-selling design...
V Boutique is a fashion house that designs, manufactures, and sells evening gowns. Their lowest-selling design is a vibrant green strapless gown in Dupioni silk. V Boutique is considering lowering the selling price of the gown to stimulate demand. However, before lowering the price, they must evaluate the total costs associated with the gown. 1. Fabric and materials - $62/gown Labor to construct the gown - $40/gown Equipment cost for these gowns (steamer and sewing machines) $3,000 V Boutique anticipates...
1. Focusing on only the inpatient care cost (i.e., ignoring operating room costs), what is the...
1. Focusing on only the inpatient care cost (i.e., ignoring
operating room costs), what is the cost of a TAH (non-oncology)
under each of the cost accounting systems? A tuboplasty? A TAH
(oncology)? What accounts for the differences?
Croswell University Hospital This report doesn't describe where our costs are generated. We're applying one standard to all patients, regardless of their level of care. What incentive is there to identify and account for the costs of each type of procedure? Unless...
Fraud at Berry, CPA’s BERRY, CERTIFIED PUBLIC ACCOUNTANTS Brief History of the Firm In 1999, John...
Fraud at Berry, CPA’s BERRY, CERTIFIED PUBLIC ACCOUNTANTS Brief History of the Firm In 1999, John Berry graduated from college with an accounting degree. After 10 years at an international accounting firm, John decided to start his firm, Berry, CPA’s. The firm, located in Oakwood, caters to local clients; specifically, John and his staff of four professionals specialize in non-public companies. The majority of the services provided by Berry, CPA’s are tax planning and preparation; however, the firm also performs...
Every year, Danielle Santos sells 93,996 cases of her Delicious Cookie Mix. It costs her $1 per year in electricity to store a case, plus she must pay annual warehouse fees of $3 per case for the maximum number of cases she will store. If it costs her $746 to set up a production run, plus $6 per case to manufacture a single case, how many production runs should she have each year to minimize her total costs?
A retail outlet for calculators sells 700 calculators per year. It costs $2 to store one calculator for a year. To reorder, there is a fixed cost of $7, plus $1.25 for each calculator. How many times per year should the store order calculators, and in what lot size, in order to minimize inventory costs? calculators times per year to minimize inventory costs. The store should order (Simplify your answers.)
A retail outlet for calculators sells 900 calculators per year. It costs $2 to store one calculator for a year. To reorder, there is a fixed cost of $4, plus $1.75 for each calculator. How many times per year should the store order calculators, and in what lot size, in order to minimize inventory costs? calculators times per year to minimize inventory costs. The store should order (Simplify your answers.)
[3] Suppose your aunt has just closed her books from her first year in the retail cookie business and is ecstatic with the profit her accountant says she has earned. Her business earned $115,000 in sales revenue over the year, and its costs for rent, raw materials, electricity, and the like were $80,000. Your uncle is not quite as elated, but can't figure out exactly why. In discussing the situation with you (the family economist), he offers the following information....
4
questions
MICROECONOMICS ECONOMIC VS. ACCOUNTING PROFITS - HOMEWORK BSE 2212 2) Chapter 9 #1. Gomez runs a small pottery firm. He hires one helper at $12,000 per year, pays annual rent of $5,000 for his shop, and spends $20,000 per year on materials. He has $40,000 of his own funds invested in equipment (pottery wheels, kilns, and so forth) that could earn him $4,000 per year if has been offered $15,000 per year to work as a potter for...
1. Focusing on only the inpatient care cost (i.e., ignoring
operating room costs), what is the cost of a TAH (non-oncology)
under each of the cost accounting systems? A tuboplasty? A TAH
(oncology)? What accounts for the differences?
Croswell University Hospital This report doesn't describe where our costs are generated. We're applying one standard to all patients, regardless of their level of care. What incentive is there to identify and account for the costs of each type of procedure? Unless...
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