The sales of mouthwash at MARKAL Pharmacy over the past 6 months have averaged 2,000 cases...
The sales of mouthwash at MARKAL Pharmacy over the past 6 months have averaged 2,000 cases per month, which is the current order quantity. Markal's cost is $12.00 per case. The company estimates its cost of capital to be 12 percent. Insurance, taxes, breakage, handling, and pilferage are estimated to be approximately 6 percent of item cost. The cost of of placing an order is $38.00. What is economic order quantity? What is the total inventory cost under economic order quantity? Compare the total cost savings with the current purchase order of 2000 case per month. Show all calculation.
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The sales of mouthwash at MARKAL Pharmacy over the past 6 months
have averaged 2,000 cases...
I would like the answer to part B as I have already completed A. Please also...
I would like the answer to part B as I have already completed A. Please also indicate why the Price Discount of $10 is not a Variable Cost and does not affect the Contribution Margin i.e decrease the contribution margin from 20 to 10. Company X manufactures soft drinks. Its manufacturing plant has the capacity to produce 10,000 cases each month; current production and sales are 7,500 cases per month. The company normally charges $150 per case. Cost information for...
The following is your inventory records for the past 4 months (with month 0 = today):...
The following is your inventory records for the past 4 months (with month 0 = today): Month: -4 -3 -2 -1 0 (today) Beg. Inventory 0 2 6 8 9 Receipts 2 7 2 2 2 On Hand 2 9 8 10 11 Order Releases 0 3 0 1 0 End Inventory 2 6 8 9 11 Use Table 3.3 on page 99 of the textbook for historical material costs. Today you were asked to quote the material cost for...
During the past two months, Thomas Train, vice president of transportation for Specialty Metals Company, a...
During the past two months, Thomas Train, vice president of transportation for Specialty Metals Company, a metals servicing company with operations in ten mid-western states, has been soliciting bids for the movement of tool steel - specialty steel used for manufacturing tools and related products. Tom’s goal is to reduce the shipping cost of this high-value steel. The supplier is located in Weirton, West Virginia, 350 miles from Specialty’s Toledo, Ohio, service center. Steel Haulers, Inc., a regional contract motor...
Questions are below. Only answer problems #5 - #9. I have already answered problems #1-4, my...
Questions are below. Only answer problems #5 - #9.
I have already answered problems #1-4, my data is below.
Problems #5-#9 are listed in order below.
Please help, Ive submitted this question 4x and recieved no
help. I will rate! Thank you
Quivers Inc. began operations on January 1 of the current year. The company produces eight-ounce bottles of jet wax called Ophelia Shine. The wax is sold wholesale in 12-bottle cases for $100 per case. There is a selling...
Table 3 Cases 207.000 212 200 214.800 228.000 224,400 237000 220.200 247200 238 800 259.500 250.200...
Table 3 Cases 207.000 212 200 214.800 228.000 224,400 237000 220.200 247200 238 800 259.500 250.200 250 200 Production Costs $1,139,828 1.161.28 1.169.981 1,185,23 1,187827 1.208,673 1.183.699 1.226,774 1.225 226 1237325 1,241,760 1.272,451 Table 4 Linear regression model for variable Cost Filters Cost 2.236 - Units 6.82355 Obs12 RMSE-7960.0643 R 0.96107804 Adjusted R 0.9571464 Model does a good job explaining variation in Cost. Considero ng variables with insignificant co s they mayhut one than they Histogram of Residuals 1000004 ROC...
Jackie is a lady entrepreneur from Chicago, Illinois. She owns and runs a pebbles manufacturing company...
Jackie is a lady entrepreneur from Chicago, Illinois. She owns and runs a pebbles manufacturing company called ‘JK Pebbles Inc.’. She has customers both within and outside of the United States of America. She buys naturally available rocks (in different colours) like granite, marble and quartz from the local quarries. The raw material is put through processes of crushing, tumbling and polishing before being packed and dispatched to the customer. Jackie’s factory is in operation for 250 days a year....
IPort Products makes cases for portable music players in two processes, cutting and sewing. The cutting process has a ca...
IPort Products makes cases for portable music players in two processes, cutting and sewing. The cutting process has a capacity of 100,000 units per year; sewing has a capacity of 120,000 units per year. Cost information follows. Inspection and testing costs $ 40,000 Scrap costs (all in the cutting dept.) 140,000 Demand is very strong. At a sales price of $12.00 per case, the company can sell whatever output it can produce. IPort Products can start only 100,000 units into...
Croy Inc. has the following projected sales for the next five months: Month April May Sales in Units 3,560 3...
Croy Inc. has the following projected sales for the next five months: Month April May Sales in Units 3,560 3,920 4,560 4,140 3,940 June July August Croy's finished goods Inventory policy is to have 50 percent of the next month's sales on hand at the end of each month. Direct materials costs $3.10 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the ne month's production needs on hand at the...
Cartwright Inc produces wiring harnesses used in semi-trailers. The wiring harnesses sales for the next 4 months is proj...
Cartwright Inc produces wiring harnesses used in semi-trailers.
The wiring harnesses sales for the next 4 months is projected to
be:
January 15,000. February 17,000,
March 22,000, April 24,000, May 26,000.
Finished goods inventory on January 1 is expected to be 5000
units. The desired ending FGI for any month (except for the Dec 31
inventory as noted previously) is expected to be 20% of the
following month’s sales.
Data for materials used are: Part A87 4 parts per
unit ...
A5: Packing Crate Inventory MGT305 You’ve recently been hired as a project manager at a distribut...
A5: Packing Crate Inventory MGT305 You’ve recently been hired as a project manager at a distributor of fruits and vegetables located in Northern Kentucky. An operations manager has asked for your help in analyzing current inventory policies related to packing crates. She’s looking for a lower cost policy. Currently, the operation buys crates from a regional supplier. The operation uses 1800 crates each month. Annual carrying cost is 18% of the $6 acquisition cost per crate. Each order costs approximately...
The following is your inventory records for the past 4 months (with month 0 = today): Month: -4 -3 -2 -1 0 (today) Beg. Inventory 0 2 6 8 9 Receipts 2 7 2 2 2 On Hand 2 9 8 10 11 Order Releases 0 3 0 1 0 End Inventory 2 6 8 9 11 Use Table 3.3 on page 99 of the textbook for historical material costs. Today you were asked to quote the material cost for...
Questions are below. Only answer problems #5 - #9.
I have already answered problems #1-4, my data is below.
Problems #5-#9 are listed in order below.
Please help, Ive submitted this question 4x and recieved no
help. I will rate! Thank you
Quivers Inc. began operations on January 1 of the current year. The company produces eight-ounce bottles of jet wax called Ophelia Shine. The wax is sold wholesale in 12-bottle cases for $100 per case. There is a selling...
Table 3 Cases 207.000 212 200 214.800 228.000 224,400 237000 220.200 247200 238 800 259.500 250.200 250 200 Production Costs $1,139,828 1.161.28 1.169.981 1,185,23 1,187827 1.208,673 1.183.699 1.226,774 1.225 226 1237325 1,241,760 1.272,451 Table 4 Linear regression model for variable Cost Filters Cost 2.236 - Units 6.82355 Obs12 RMSE-7960.0643 R 0.96107804 Adjusted R 0.9571464 Model does a good job explaining variation in Cost. Considero ng variables with insignificant co s they mayhut one than they Histogram of Residuals 1000004 ROC...
Croy Inc. has the following projected sales for the next five months: Month April May Sales in Units 3,560 3,920 4,560 4,140 3,940 June July August Croy's finished goods Inventory policy is to have 50 percent of the next month's sales on hand at the end of each month. Direct materials costs $3.10 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the ne month's production needs on hand at the...
Cartwright Inc produces wiring harnesses used in semi-trailers.
The wiring harnesses sales for the next 4 months is projected to
be:
January 15,000. February 17,000,
March 22,000, April 24,000, May 26,000.
Finished goods inventory on January 1 is expected to be 5000
units. The desired ending FGI for any month (except for the Dec 31
inventory as noted previously) is expected to be 20% of the
following month’s sales.
Data for materials used are: Part A87 4 parts per
unit ...
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