boxes of staples a year. The boxes cost $4 each. It costs $10 to order staples‚ and carrying costs are $0.80 per box on an annual basis. Determine: (A) the order quantity that will minimize the sum of ordering and holding boxes of staples (B) the annual cost of ordering and carrying the boxes of staples 2. . A service garage uses 120 boxes of cleaning cloths a year. The boxes cost $6 each. Ordering cost is $3 and holding cost is 10 percent of purchase cost per unit on an annual basis. Determine:
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Demanded $5 1 Vb 4 2 3 3 2 4 1 5 Answer: 1/1.5 / ¼.5= .67%/ 22%= 3.05 Ch 22 #7 1. Key Question A firm has fixed costs of $60 and variable costs as indicated in the table on the following page. Complete the table and check your calculations by referring to question 4 at the end of Chapter 23. 1. Graph total fixed cost‚ total variable cost‚ and total cost. Explain how the law of diminishing returns influences the shapes of the variable-cost and total-cost curves Graph AFC‚ AVC‚ ATC
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Cost Benefit Analysis A cost benefit analysis is done to determine how well‚ or how poorly‚ a planned action will turn out. Although a cost benefit analysis can be used for almost anything‚ it is most commonly done on financial questions. Since the cost benefit analysis relies on the addition of positive factors and the subtraction of negative ones to determine a net result‚ it is also known as running the numbers. A cost benefit analysis finds‚ quantifies‚ and adds all the positive factors. These
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40‚000 | | 100‚000 | | 404 | | | | 20‚000 | 20‚000 | 40‚000 | | 405 | | | | | 20‚000 | 20‚000 | | Total | 90‚000 | 120‚000 | 90‚000 | 60‚000 | 40‚000 | 400‚000 | 2 Physical Measures Method | Produced | Proportion | Joint Cost Allocation | Unit Cost | 401 | 90‚000 | (90‚000/400‚000)0.225 or 22.5% | (200‚000 x 0.225)45‚000 | (45‚000/90‚000)0.5 | 402 | 120‚000 | (120‚000/400‚000)0.3 or 30% | (200‚000 x 0.3)60‚000 | (60‚000/120‚000)0.5 | 403 | 90‚000 | (90‚000/400‚000)0.225 or 22.5%
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Clinic cost protection covers the costs caused on a patient’s healing facility stay‚ gave he/she as of now has a membership in such manner. No one has ever carried on with an existence time without an episode of disease and a consequent clinic sit tight. This is something unavoidable as nobody is superbly resistant to sicknesses. What’s more‚ every doctor’s facility stay one has carries with the release arrange a brain boggling bill - the mental impact of which is all that could possibly be needed
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College Cost Crisis September 4‚ 2003 A Congressional Analysis of College Costs and Implications for America’s Higher Education System by: Rep. John A. Boehner (R-OH)‚ Chairman‚ U.S. House Committee on Education and the Workforce & Rep. Howard P. “Buck” McKeon (R-CA)‚ Chairman‚ U.S. House Subcommittee on 21st Century Competitiveness Table of Contents Introduction and Key Findings Part One: The Federal Investment in Higher Education Part Two: Historical Perspective on College Cost Increases
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Then‚ the fingerprints were entered in to the National Automated Fingerprint Identification System (AFIS) data base provided by the Federal Bureau of Investigation (FBI). It came back that there were several suspects that matched the visible prints. The Examiners went to work reviewing each initial match. Only one single fingerprint could give new clues. It was acquired from the Palm Beach County Sheriff’s Office in Florida that it had been linked to a suspect in another similar homicide that
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QUESTION 1 Why would an engineer be interested in yield strength of a material for a particular application? In civil engineering‚ an engineer should always be concerned in yield strength of a material for a particular application. Yield strength is defined as the point where materials begin to deform plastically. Before the prior of yield strength the materials deform elastically and will return to its original shape when the applied stress is removed. The knowledge of this is important for engineers
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Cost Accounting – Classification of costs Cost accounting refers to a process of accumulating‚ recording‚ classifying and analyzing all costs incurred at various levels of production. The purpose of cost accounting is manifold. It provides a final selling price‚ suggests the best possible course of action where maximum savings are possible and a strategy for future. Cost accounting is also constructive in comparing the input and output results that ultimately aids the management to arrive at a financial
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successful cost reduction programmes In the current economic climate‚ most organisations must face up to a prolonged period of extreme competition and funding restrictions. This is particularly the case if the past few years have been focused on growth‚ service improvement or reorganisation (i.e. cost efficiency has not been a recent priority). Such pressures require an approach that reduces costs in a strategic‚ disciplined‚ and sustainable manner - delivered at pace. In our view serious cost reduction
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