Homework Answers
Solution :- The correct answer is (b) that is EOQ model which stands for Economic Order Quantity model.
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Question 4 1 pts The is an inventory technique that takes into account various operating and...
is an inventory technique that takes into account various operating and financial costs to determine the...
is an inventory technique that takes into account various operating and financial costs to determine the order quantity for a specific inventory item. 29 | The _ O ABC system O JIT system EOQ model O LIFO model
The _________ is an inventory management technique that minimizes inventory investment by having materials inputs arrive...
The _________ is an inventory management technique that minimizes inventory investment by having materials inputs arrive at exactly the time they are needed for production. a. ABC system b. EOQ model c. MRP system d. JIT system
Accountancy
Babies R Us Pty Ltd, a large export company produces the annual demand of 100,000 baby cots per year.In order to produce the cots, special equipment must be set up. Babies R Us takes two hours to set up the special equipment. The cost per set up is $400.The annual cost of holding a cot in inventory is $5.The production rate is 50 cots per hour.The workers work in a ten-hour shift per day.Required: Compute the optimal batch size to produce...
Question 38 2 pts The benefits a distributor can accrue from making appropriate (i.e., good) dock...
Question 38 2 pts The benefits a distributor can accrue from making appropriate (i.e., good) dock-level decisions include which of the following: o An increase in the number of vehicles the distibutor uses O An increase in a distributorうs transportation expenses. O An increase in capital investment of equipment O An improvement and more responsive customer service. O All of the above are considered benefits in good dock-level decisions. Question 46 2 pts As the new profit center manager, you...
QUESTION 1 (10 marks) (12 minutes) Various managerial accounting and finance terms: Product cost Under absorption...
QUESTION 1 (10 marks) (12 minutes) Various managerial accounting and finance terms: Product cost Under absorption Marketing and distribution costs Suppliers' Prime costs Time series analysis Credit period Marginal costing Economic order quantity (EOQ) Strategic plan Conversion costs Over absorption Fixed cost Operational plan Variable cost Absorption costing Cross-sectional analysis Collection policy Just-in-time (JIT) system Lenders' REQUIRED: Choose the term above that most appropriately complete the following statements and write only the selected term against the statement number For example:...
Question 3 4 pts A merchandising company has: no inventory account O an inventory account on...
Question 3 4 pts A merchandising company has: no inventory account O an inventory account on the balance sheet as a current asset O an inventory account on the balance sheet as equity an inventory account on the income statement as revenue Question 4 4 pts Which of the following would appear on the balance sheet of a merchandiser but not on the balance sheet of a service company? O cost of goods sold O merchandise inventory gross profit o...
1- Inventory costs include all of these: purchase costs, holding or carrying costs, and ordering costs....
1- Inventory costs include all of these: purchase costs, holding or carrying costs, and ordering costs. T. True F. False 2- The Economic Order Quantity (EOQ) model tells us........ A. how much to order B. which are higher - holding or ordering costs C. how to use price discounts D. when to order 3- When tracking or counting inventory items, we should focus on which items most? A. A-items B. B-items C. C-items D. D-tems 4- The Economic Order Quantity...
The economic order quantity (EOQ) model is a classical model used for controlling inventory and s...
The economic order quantity (EOQ) model is a classical model used for controlling inventory and satisfying demand. Costs included in the model are holding cost per unit, ordering cost, and the cost of goods ordered. The assumptions for that model are that only a single item is considered, that the entire quantity ordered arrives at one time, that the demand for the item is constant over time, and that no shortages arc allowed. Suppose we relax the first assumption and...
Question 1 1 pts Which of the following statements is incorrect? Isotope dilution is a technique...
Question 1 1 pts Which of the following statements is incorrect? Isotope dilution is a technique used to determine the quantity of a substance in a mixture by adding a known amount of an isotope to it. O Isotope dilution was used to elucidate the biological pathways of photosynthesis. O Isotope dilution may be used to determine the amount of vitamin B12 in food. O A radioactive tracer is a very small amount of a radioactive isotope added to a...
Question 4 3 pts ABC Company employs a periodic inventory system and sells its inventory to...
Question 4 3 pts ABC Company employs a periodic inventory system and sells its inventory to customers for $23 per unit. ABC Company reported the following inventory information for the month of May: May 1 May 6 May 8 May 13 May 18 May 21 May 28 May 30 Beginning inventory 4,200 units @ $9 cost per unit Purchased 2,000 units @ $12 cost per unit Sold 3,000 units Purchased 4,000 units @ $8 cost per unit Sold 2,100 units...
is an inventory technique that takes into account various operating and financial costs to determine the order quantity for a specific inventory item. 29 | The _ O ABC system O JIT system EOQ model O LIFO model
Question 38 2 pts The benefits a distributor can accrue from making appropriate (i.e., good) dock-level decisions include which of the following: o An increase in the number of vehicles the distibutor uses O An increase in a distributorうs transportation expenses. O An increase in capital investment of equipment O An improvement and more responsive customer service. O All of the above are considered benefits in good dock-level decisions. Question 46 2 pts As the new profit center manager, you...
QUESTION 1 (10 marks) (12 minutes) Various managerial accounting and finance terms: Product cost Under absorption Marketing and distribution costs Suppliers' Prime costs Time series analysis Credit period Marginal costing Economic order quantity (EOQ) Strategic plan Conversion costs Over absorption Fixed cost Operational plan Variable cost Absorption costing Cross-sectional analysis Collection policy Just-in-time (JIT) system Lenders' REQUIRED: Choose the term above that most appropriately complete the following statements and write only the selected term against the statement number For example:...
Question 3 4 pts A merchandising company has: no inventory account O an inventory account on the balance sheet as a current asset O an inventory account on the balance sheet as equity an inventory account on the income statement as revenue Question 4 4 pts Which of the following would appear on the balance sheet of a merchandiser but not on the balance sheet of a service company? O cost of goods sold O merchandise inventory gross profit o...
The economic order quantity (EOQ) model is a classical model used for controlling inventory and satisfying demand. Costs included in the model are holding cost per unit, ordering cost, and the cost of goods ordered. The assumptions for that model are that only a single item is considered, that the entire quantity ordered arrives at one time, that the demand for the item is constant over time, and that no shortages arc allowed. Suppose we relax the first assumption and...
Question 1 1 pts Which of the following statements is incorrect? Isotope dilution is a technique used to determine the quantity of a substance in a mixture by adding a known amount of an isotope to it. O Isotope dilution was used to elucidate the biological pathways of photosynthesis. O Isotope dilution may be used to determine the amount of vitamin B12 in food. O A radioactive tracer is a very small amount of a radioactive isotope added to a...
Question 4 3 pts ABC Company employs a periodic inventory system and sells its inventory to customers for $23 per unit. ABC Company reported the following inventory information for the month of May: May 1 May 6 May 8 May 13 May 18 May 21 May 28 May 30 Beginning inventory 4,200 units @ $9 cost per unit Purchased 2,000 units @ $12 cost per unit Sold 3,000 units Purchased 4,000 units @ $8 cost per unit Sold 2,100 units...
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