Homework Answers
Economic Order Quantity is the number of unit that is added to the inventory which minimize the total inventory cost. It maintain a balance between ordering costs and carrying costs.
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Your store sells on the average 30 lawn mowers a day with a standard deviation of...
The average cost per hour in dollars of producing x riding lawn mowers is given by...
The average cost per hour in dollars of producing x riding lawn mowers is given by the following 2800 c(x) = 0 .7xf + 26-292 +- (a) Use a graphing utility to determine the number of riding lawn mowers to produce in order to minimize average cost. (b) What is the minimum average cost? lawn mowers are produced per hour (a) The average cost is minimized when approximately (Round to the nearest whole number as needed) (b) The minimum average...
Robo-Lawn is a lean manufacturer of robotic lawn mowers. Each mower requires $390 of raw materials....
Robo-Lawn is a lean manufacturer of robotic lawn mowers. Each mower requires $390 of raw materials. Estimated conversion costs to produce 1,600 units in the next year are $672,000. During a recent quarter the company produced 740 mowers and sold 710 mowers. Each mower is sold for $1,140. Required 1. Compute the conversion cost rate per mower. 2. Prepare journal entries to record (a) purchase of raw materials on credit, (b) applied conversion costs to production, (c) sale of mowers...
Logistic and Channel management Fatah Amin is the owner of Amin Hardware in Shah Alam, a...
Logistic and Channel management Fatah Amin is the owner of Amin Hardware in Shah Alam, a hardware store selling local made lawn mower. The shop sells on average of 50 units of lawn mower a month. Fatah Amin purchases the lawn mower from Lofa Engineering in Muar Johor that costs RM300 to buy and 20 percent of the value of the item to hold each year. The lawn mowers are delivered by truck and incurred administrative, transportation and labor cost...
A company reports ending work in process inventory of $770 and cost of goods sold of...
A company reports ending work in process inventory of $770 and cost of goods sold of $23.404. Compute days' sales in work in process inventory (Use 365 days in a year and round the answer to the nearest whole day.) Days' sales in WIP inventory days Robo-Lawn is a lean manufacturer of robotic lawn mowers. Each mower requires $330 of raw materials. Estimated conversion costs to produce 1.900 units in the next year are $817,000. During a recent quarter the...
You estimate that the average variable cost (AVC) will be $100 for the mower and $1,000...
You estimate that the average variable cost (AVC) will
be $100 for the mower and $1,000 for the tractor. The total
fixed cost (TFC) will be $50,000 for the mower and $100,000
for the tractor. What is the total cost of the mowers for
each order?
$17,000,000
$2,100,000
$10,050,000
$1,900,000
What is the total cost of the tractors for each
order?
$600,000
$5,200,000
$2,100,000
$4,100,00
2. What is the average total cost of the mowers?
$190.28
$210.75
$100.50
$140.10
What...
QUESTION 2 The Machine-Rumput Company manufactures and sells a line of cordless lawn mowers. The inverse...
QUESTION 2 The Machine-Rumput Company manufactures and sells a line of cordless lawn mowers. The inverse demand function per period for a particular model is given by the following relationship: P 2000 8Q, where P is price and Q is quantity. Total cost (TC) (including normal return to the owners of producing Q units per period is given by the following: TC 10,000 200Q 1002 a) At what level of output (quantity) is total profit maximized? At the level of...
AAA Corp. currently has one product, high-priced lawn mowers. AAA Corp. has decided to sell a...
AAA Corp. currently has one product, high-priced lawn mowers. AAA Corp. has decided to sell a new line of medium-priced lawn mowers. The building and machinery for producing this new line is estimated to cost $11,000,000 and it will be depreciated down to zero over 20 years using straight-line depreciation. Also, an investment today on working capital in the amount of $4,000,000 is needed. The working capital will be recovered at the end of the project. Sales for the new...
The soft goods department of a large department store sells 175 units per month of a...
The soft goods department of a large department store sells 175 units per month of a certain large bath towel. The unit cost of a towel to the store is $2.50 and the cost of placing an order has been estimated to be $12.00. The store uses an inventory carrying charge of I = 27% per year. Determine the following: a. What is the optimal order quantity? 273.25 b. What are the number of orders? [ Select] c. What is...
The production floor produces 8500 units/day and the associated direct-operated store sells 50 units/hour with the...
The production floor produces 8500 units/day and the associated direct-operated store sells 50 units/hour with the selling price at $120/unit. The direct-operated store operates 12 hours/day and 365 days/year, but the production works for 250 working days/year. Given that the production setup cost per production run is $1500 and the holding cost per year is $5/unit. (a) Calculate the optimal batch size for each production run. (b) What is the maximum inventory level with regard to the optimal batch size?...
Phenomenon: Cutting the grass You push a 20 kg lawn mower, exerting a 100 N force...
Phenomenon: Cutting the grass You push a 20 kg lawn mower, exerting a 100 N force on it. You push 37° below the horizontal. The effective coefficient of kinetic friction between the grass and mower is uk=0.60. The Big Question: What is the acceleration of the lawn mower? Part a) Draw a picture of the scenario being sure to define a coordinate system as well as draw and label arrows to represent relevant physical quantities. Part b) Draw a force...
The average cost per hour in dollars of producing x riding lawn mowers is given by the following 2800 c(x) = 0 .7xf + 26-292 +- (a) Use a graphing utility to determine the number of riding lawn mowers to produce in order to minimize average cost. (b) What is the minimum average cost? lawn mowers are produced per hour (a) The average cost is minimized when approximately (Round to the nearest whole number as needed) (b) The minimum average...
Robo-Lawn is a lean manufacturer of robotic lawn mowers. Each mower requires $390 of raw materials. Estimated conversion costs to produce 1,600 units in the next year are $672,000. During a recent quarter the company produced 740 mowers and sold 710 mowers. Each mower is sold for $1,140. Required 1. Compute the conversion cost rate per mower. 2. Prepare journal entries to record (a) purchase of raw materials on credit, (b) applied conversion costs to production, (c) sale of mowers...
A company reports ending work in process inventory of $770 and cost of goods sold of $23.404. Compute days' sales in work in process inventory (Use 365 days in a year and round the answer to the nearest whole day.) Days' sales in WIP inventory days Robo-Lawn is a lean manufacturer of robotic lawn mowers. Each mower requires $330 of raw materials. Estimated conversion costs to produce 1.900 units in the next year are $817,000. During a recent quarter the...
You estimate that the average variable cost (AVC) will
be $100 for the mower and $1,000 for the tractor. The total
fixed cost (TFC) will be $50,000 for the mower and $100,000
for the tractor. What is the total cost of the mowers for
each order?
$17,000,000
$2,100,000
$10,050,000
$1,900,000
What is the total cost of the tractors for each
order?
$600,000
$5,200,000
$2,100,000
$4,100,00
2. What is the average total cost of the mowers?
$190.28
$210.75
$100.50
$140.10
What...
QUESTION 2 The Machine-Rumput Company manufactures and sells a line of cordless lawn mowers. The inverse demand function per period for a particular model is given by the following relationship: P 2000 8Q, where P is price and Q is quantity. Total cost (TC) (including normal return to the owners of producing Q units per period is given by the following: TC 10,000 200Q 1002 a) At what level of output (quantity) is total profit maximized? At the level of...
AAA Corp. currently has one product, high-priced lawn mowers. AAA Corp. has decided to sell a new line of medium-priced lawn mowers. The building and machinery for producing this new line is estimated to cost $11,000,000 and it will be depreciated down to zero over 20 years using straight-line depreciation. Also, an investment today on working capital in the amount of $4,000,000 is needed. The working capital will be recovered at the end of the project. Sales for the new...
The soft goods department of a large department store sells 175 units per month of a certain large bath towel. The unit cost of a towel to the store is $2.50 and the cost of placing an order has been estimated to be $12.00. The store uses an inventory carrying charge of I = 27% per year. Determine the following: a. What is the optimal order quantity? 273.25 b. What are the number of orders? [ Select] c. What is...
Phenomenon: Cutting the grass You push a 20 kg lawn mower, exerting a 100 N force on it. You push 37° below the horizontal. The effective coefficient of kinetic friction between the grass and mower is uk=0.60. The Big Question: What is the acceleration of the lawn mower? Part a) Draw a picture of the scenario being sure to define a coordinate system as well as draw and label arrows to represent relevant physical quantities. Part b) Draw a force...
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