MgtOp 340 Exam 2 EOQ Suppose that JJ Inc. has a production rate of 250‚000 units per year and a demand of 800 per day. JJ has a setup cost of $40‚ and a holding cost percentage of 25%. JJ sells their product for $50 and it costs them $30 to produce it. If JJ works for 250 days per year‚ what is the optimal batch size? p=(250‚000/250days)=1‚000 P=250‚000(production rate) d=800 D=(800*250days)=200‚000 S=$40 I=.25 c=$30 H=(.25*30)=7.5 Optimal batch size => sqrt([2DS/H(1-d/p)]
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were younger and someone said ballerina‚ you probably thought tutu‚ leotard‚ tights‚ hair in a bun‚ and pointe shoes. Of course‚ when I was younger I did not call them pointe shoes‚ but pink flats with the ribbons on them. Now I know that there is more to pointe shoes than just fabric. According to an article called‚ “The Point of Pointe Shoes‚” by Pittsburgh Ballet Theatre‚ pointe shoes look quite dainty‚ however they are not and cannot be because they must be sturdy enough to support and balance
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Name of student:_________________ 9 Activity-Based Costing Review Question Answers 9-4 It will require more work. Significant amounts of indirect costs are allocated using only one or two cost pools. All or most costs are identified as output unit-level costs. Products make diverse demands on resources because of differences in volume‚ process steps‚ batch size‚ or complexity. Products that a company is well suited to make and sell show small profits while products for which a company is
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A sporting goods manufacturer buys wood as a direct material for baseball bats. The Forming Department processes the baseball bats‚ and the bats are then transferred to the Finishing Department where a sealant is applied. There was no beginning work in process inventory in the Forming Department in May. The Forming Department began manufacturing 10‚000 Casey Slugger baseball bats during May. Costs for the Forming Department for the month of May were as follows: Direct materials $33‚000 Conversion
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Human Resources Management in Canada Case Incident A New HR Professional’s First Workplace Dilemma Case Study Questions: 1. Do you agree with how Laura handles this situation? If so‚ why? If not‚ what would you have done differently? 2. Is it important for this company to have such a policy in place? If so‚ how can the employment (labour) standards act in your province/ territory help in drafting a policy on appropriate computer use? I believe it is important for this company
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Name: ________________________ Class: ___________________ Date: __________ Quiz 2 1) Cost-volume-profit analysis is used primarily by management: A) as a planning tool B) for control purposes C) to prepare external financial statements D) to attain accurate financial results Answer: A Diff: 1 Terms: cost-volume-profit (CVP) Objective: 1 AACSB: Communication 2) One of the first steps to take when using CVP analysis to help make decisions is: A) finding out where the total costs line intersects
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70‚000 units 80‚000 units 90‚000 units Sales $1‚400‚000 $1‚600‚000 $1‚800‚000 Cost of goods sold 840‚000 960‚000 1‚080‚000 Gross profit on sales $560‚000 $640‚000 $720‚000 Operating expenses ($90‚000 fixed) 370‚000 410‚000 450‚000 Operating income $190‚000 $230‚000 $270‚000 Income taxes (30% of operating income) 57‚000 69‚000 81‚000 Net income $133‚000 $161‚000 $189‚000 Assume that the cost of goods sold and variable operating expenses vary directly with sales and the income taxes remain
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basketball shoes designed and created by Michael Jordan‚ a former professional player in the National Basketball Association (NBA). Over the duration of his career‚ Jordan broke numerous records‚ many of which still hold to this day. The Air Jordan line was first introduced to the world in 1985‚ a year after Jordan signed a hefty contract with Nike despite being a rookie in the league. The first shoe to debut was the Air Jordan I‚ which quickly transformed the realm of basketball shoes. The sneaker
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Haixiang Yu ACC 308 Jan.17‚ 2013 “BioHemi‚ Inc.” I strongly disagree to continue to sell the old product and complete the fix-price contracts. I am sure that the unemulsified plasma product allows more people to be infected with AIDS and it had been proved by CDC in 1983. I am an accountant who is responsible to generate profits for the company‚ but it is reasonable for a professional accountant to considerate ethics first. Ethics is moral philosophy‚ which means that people have strong
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is the debate between running while wearing specially made running shoes or taking the “natural” approach and running barefoot or with minimalist running shoes. I recently read an article discussing‚ with evidence‚ this issue. The article gives reasons why barefoot running can benefit you better than shod running‚ but also that it is not for everyone. The first main point expressed in the article is that heavily cushioned shoes don’t allow your feet and
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