A company produces and sells 7,680 stuffed dogs each year. Each production run has a fixed cost o...
A company produces and sells 7,680 stuffed dogs each year. Each production run has a fixed cost of $300 and an additional cost of $1 per stuffed dog. To store a stuffed dog for a full year costs $5. What is the optimal number of production runs the company should make each year?
Enter a whole number and do not include units in your answer.
Homework Answers
Add Answer to:
A company produces and sells 7,680 stuffed dogs each year. Each production run has a fixed cost o...
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?...
C&D Corporation produces high quality stuffed cats and dogs as toys for children and adults. Labor...
C&D Corporation produces high quality stuffed cats and dogs as toys for children and adults. Labor hours required to assemble each unit are 1 hour per cat and 2 hours for each dog. 160,000 cats and 240,000 dogs are produced. Overhead costs are currently allocated using direct labor hours as the allocation basis, but the controller has recommend using an activity- based costing system based on the following data: Activity Activity Activity Cost Driver Cost Level Level Cats Dogs 60...
Emarpy Appliance is a company that produces all kinds of major appliances. Bud Banis, the president...
Emarpy Appliance is a company that produces all kinds of major appliances. Bud Banis, the president of Emarpy, is concerned about the production policy for the company's best-selling refrigerator. The annual demand for this has been about 7,250 units each year, and this demand has been constant throughout the year. The production capacity is 190 units per day. Each time production starts, it costs the company $110 to move materials into place, reset the assembly line, and clean the equipment....
Shipment Company produces and sells 10000 units of product C each year. Each unit sells for...
Shipment Company produces and sells 10000 units of product C
each year. Each unit sells for $10 and has a variable cost of $4.
The controller estimates that eliminating production of Product C
would save 80% of the $55000 in fixed costs identified with
production of the product. If product C is eliminated, the overall
net income of the company would show a:
Jpe 800 000 10. Shipman Company produces and sells 10,000 units of Product C each year. Each...
(22 marks) QUESTION 1 Sheefeni CC normally produces and sells 40 000 units of product A each year. The company'...
(22 marks) QUESTION 1 Sheefeni CC normally produces and sells 40 000 units of product A each year. The company's cost structure at this level of activity is given below: Total Per unit N$ N$ Direct materials Direct labour 320 000 Total production overheads (see note 2) Variable selling expenses Fixed selling expenses (see note 3) 2 3 4 320 000 Total 22 Additional notes: 1. Product A normally sells for N$35 per unit. 2. It has been observed that...
Cohen Company produces and sells socks. Variable cost is $2.00 per pair, and fixed costs for...
Cohen Company produces and sells socks. Variable cost is $2.00 per pair, and fixed costs for the year total $50,000. The selling price is $4 per pair. Required: 1. Calculate the breakeven point in units. (Do not round intermediate calculations.) 2. Calculate the breakeven point in sales dollars. (Do not round intermediate calculations.) 3. Calculate the units required to make a before-tax profit of $30,000. (Do not round intermediate calculations.) 4. Calculate the sales dollars required to make a before-tax...
A company needs 50,000 items during a year. It costs $1000 to set up each production...
A company needs 50,000 items during a year. It costs $1000 to set up each production run and each item costs $22 to produce. It also costs $4 per year to store an item. a. 2 pts If x items are in each production run, how many production runs are needed each year? b. 4 pts What is the total cost of production if x items? c. 2 pts Using the inventory control cost model, what is the total cost...
A manufacturing company produces expensive toys. Each toy sells for $250 and costs $90. The company...
A manufacturing company produces expensive toys. Each toy sells for $250 and costs $90. The company incurs a fixed cost of $7500 per day to lease their machines to manufacture the toys. Depending on the volume of production the company must also hire and schedule enough number of employees to carry out the production. The additional labor costs are $550, $1200 and $2650 per day, when the production volume is 0 to 35 units, 0 to 70 units, and 0...
Firm A produces 1,000 units of output at a cost of $20 each. Firm A sells...
Firm A produces 1,000 units of output at a cost of $20 each. Firm A sells all 1,000 units of output to Firm B at a price of $25 each Firm B produces 120 units of output using the 1,000 units of output that it purchased from Firm A. The total cost of producing the 120 units was $60,000, or $500 per unit. Firm B sold 90 units to consumers for $600 each and did not sell the remaining units...
Problem #1-15 Points Dave's Dogs sells steamed hot dogs for $2.50 each. The company provided the...
Problem #1-15 Points Dave's Dogs sells steamed hot dogs for $2.50 each. The company provided the following units and total cost data concerning its hotdog sales for the last six months of 2017. Cost Units July $3,020 2,400 August 2,795 2,150 September 3,040 2,300 October 2,700 2,250 November 2,750 2,160 December 3,085 2,340 a. Use the high-low method to estimate fixed and variable costs. b. Estimate total profit in a month when 2,200 hotdogs are sold. c. Based on these...
C&D Corporation produces high quality stuffed cats and dogs as toys for children and adults. Labor hours required to assemble each unit are 1 hour per cat and 2 hours for each dog. 160,000 cats and 240,000 dogs are produced. Overhead costs are currently allocated using direct labor hours as the allocation basis, but the controller has recommend using an activity- based costing system based on the following data: Activity Activity Activity Cost Driver Cost Level Level Cats Dogs 60...
Shipment Company produces and sells 10000 units of product C
each year. Each unit sells for $10 and has a variable cost of $4.
The controller estimates that eliminating production of Product C
would save 80% of the $55000 in fixed costs identified with
production of the product. If product C is eliminated, the overall
net income of the company would show a:
Jpe 800 000 10. Shipman Company produces and sells 10,000 units of Product C each year. Each...
(22 marks) QUESTION 1 Sheefeni CC normally produces and sells 40 000 units of product A each year. The company's cost structure at this level of activity is given below: Total Per unit N$ N$ Direct materials Direct labour 320 000 Total production overheads (see note 2) Variable selling expenses Fixed selling expenses (see note 3) 2 3 4 320 000 Total 22 Additional notes: 1. Product A normally sells for N$35 per unit. 2. It has been observed that...
Cohen Company produces and sells socks. Variable cost is $2.00 per pair, and fixed costs for the year total $50,000. The selling price is $4 per pair. Required: 1. Calculate the breakeven point in units. (Do not round intermediate calculations.) 2. Calculate the breakeven point in sales dollars. (Do not round intermediate calculations.) 3. Calculate the units required to make a before-tax profit of $30,000. (Do not round intermediate calculations.) 4. Calculate the sales dollars required to make a before-tax...
A company needs 50,000 items during a year. It costs $1000 to set up each production run and each item costs $22 to produce. It also costs $4 per year to store an item. a. 2 pts If x items are in each production run, how many production runs are needed each year? b. 4 pts What is the total cost of production if x items? c. 2 pts Using the inventory control cost model, what is the total cost...
Firm A produces 1,000 units of output at a cost of $20 each. Firm A sells all 1,000 units of output to Firm B at a price of $25 each Firm B produces 120 units of output using the 1,000 units of output that it purchased from Firm A. The total cost of producing the 120 units was $60,000, or $500 per unit. Firm B sold 90 units to consumers for $600 each and did not sell the remaining units...
Problem #1-15 Points Dave's Dogs sells steamed hot dogs for $2.50 each. The company provided the following units and total cost data concerning its hotdog sales for the last six months of 2017. Cost Units July $3,020 2,400 August 2,795 2,150 September 3,040 2,300 October 2,700 2,250 November 2,750 2,160 December 3,085 2,340 a. Use the high-low method to estimate fixed and variable costs. b. Estimate total profit in a month when 2,200 hotdogs are sold. c. Based on these...
Most questions answered within 3 hours.
-
26) Briefly describe, using words or simple diagrams, the
chemiosmotic theory for coupling oxidation to phosphorylation...
asked 1 hour ago -
Suppose that XX is a random variable with mean 16 and standard
deviation 5 . Also...
asked 2 hours ago -
Calculate the number density of argon gas at a temperature of
24C and a pressure of...
asked 5 hours ago -
Alternative
Classification
How to Estimate
Probabilities from Data? ( For continuous Attributes)
And How to generate...
asked 5 hours ago -
An explosion breaks a 20.0-kg object into three parts. The
object is initially moving at a...
asked 6 hours ago -
Calculate the approximate number of residues of Rubisco, which
is involved in carbon fixation in plants,...
asked 7 hours ago -
Other decisions about scientific claims can have a much broader
impact.ENERGYarrow-10x10.png, environment, health, security - all...
asked 8 hours ago -
I need to write a research paper and work cited about this
topic: The United States...
asked 8 hours ago -
Hello! I was wondering if I could have some help?
If the vapor pressure of carvone...
asked 9 hours ago -
An economist wants to estimate the mean per capita income (in
thousands of dollars) for a...
asked 9 hours ago -
What would be the input/output characteristic of a circuit
obtained by putting two of your 2's-complementers...
asked 9 hours ago -
In Drosophila, the transition from the syncytial blastoderm
stage to the cellular blastoderm stage is a...
asked 10 hours ago