Question: What is the Minimum cost with minimum inventory plan? Labor standard is 80 minutes/unit Regular time cost: 24/hour Overtime cost: $36/hour Inventory carrying cost

What is the Minimum cost with minimum inventory plan? Labor standard is 80 minutes/unit Regular time cost: 24/hour Overtime c

What is the Minimum cost with minimum inventory plan? Labor standard is 80 minutes/unit Regular time cost: 24/hour Overtime cost: $36/hour Inventory carrying cost is $12.00/item/month FTE Standard is 520 hours/quarter Operation is 40 hours/week, 52 weeks/year, 12 month/year Beginning inventory: 2000 units Ending inventory: 1500 units Regular time production capacity is limited to 35 FTE/month 2 5 6 7 8 9 11 12 Month 1 3 4 10 There is no hiring or firing costs Demand 3600 3550 3240 4460 4600 5520 6850 6150 5590 5810 4360 3470

Step by Step Solution

★★★★★

3.40 Rating (163 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Month 3 4 5 8 9 10 11 12 Total Opening Inventory CA 2000 2950 3950 5260 S350 SJOC 433 203 430 380 De... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

What is the minimum cost of crashing by four days the following project that James Walters manages at Athabasca University? Normal Crash Time Time Normal Crash Immediate Activity (days) (days) Cost...

What is the minimum work needed to push a 950-kg car 810m up along a 9.0 incline? (a) Ignore friction. (b) Assume the effective coefficient of friction retarding the car is 0.25.

What is the minimum angular speed at which Michelsons eight-sided mirror would have had to rotate to reflect light into an observers eye by succeeding mirror faces?

For the following monthly demand forecast develop an aggregate plan when 38 units per day is produced and unmet demand is backordered. 38 units per day is produced and overtime is when needed. Month...

Review the Comprehensive annual financial report (CAFR) you obtained. 4. Were any of the government's enterprise funds "profitable" during the year? If so for what has the government done with the...

Please i need help with the following questions. 3, 6, 9, 10, 12, 13, 14, 15, 16, 17, 19, 32, 33, 35, 37, 38. I really need right answers to this numbers to at lease get a C in my final grade. 1....

A) Electronics Galore wishes to explore a Chase strategy and reduce their current inventory of 5.000 units of finished goods in stock to 2,000 by the end of the period. Use ending inventory to...

I have an attachment of cost accounting question which I need help with. Ex. No. First Midterm Examination ACC3200 Fall 2013 Instructions: 1 You must write your name on this sheet as well as the...

Cedar Fair CaseCompanion Case to Six Flags CaseFrom 1998-2006 there were four large, well-funded competitors in the regional theme park industry. Inorder: Six Flags, Cedar Fair, Paramount Parks, and...

In a make-to-order situation where the customer specifies the order quantity, it is a good practice to also calculate the Economic Order Quantity (EOQ) a. True b. False

Joaquin goes for a job interview and is surprised that the interviewer asks him about his personal standards regarding how he would handle certain situations. He expected that the focus would be on...

Using this ER-Diagram, write an SQL Statement using CONSTRAINTS command and show atleast 1 data of the database. Write down below the SQL Statements and commands that was used. PDiagnosis PAddress...

1. (a)(i) What problem has been brought about by uncontrolled mining of minerals in Kenya? (ii) Where is fluorspar mined in Kenya? (iii) Describe how trona is mined and processed in Magadi (b) (i)...

In 2001, a commercial aircraft lost all power while flying at 10,000 m over the Atlantic Ocean, about 100 km from the Azores Islands. The skilled pilot put the plane into a gliding mode and...

Domino's Pizza franchises in New York were sued by the state of New York in 2016for wage theft at 10 stores.Under New York law, a corporation and a franchiser are joint employers if they meet certain...

Question 7 0.3 pts From the information below determine gross profit margin: Sales - $250,000 Gross Profit = $30,000 Net Profit before Interest and tax - $37,500 Average Assets = $240,000 O 15% 20%...

Use the T account for Cash below to record the portion of each of the following transactions, if any that affect cash. How do these transactions affect the companys liquidity? Jan. 2 Provided...

Multiple Choice Questions Identify the best answer to each of the following. 1. Which of the following fiduciary fund types, if any, does not have a measurement focus? a. Pension Trust Fund b....

Accounting for an Internal Service Fund that is controlled by a fixed budget may be referred to as double accounting. Why?

Using the format at the end of this exercise, indicate the impact that each of the following transactions has on the total net position of a proprietary fund and on each net position component. Also,...

=+1. What is the primary difference between an operational definition and a benchmark?

2. Why might it be difficult to find effective drugs for someone who suffers from both depression and schizophrenia?

=+4. To test the accuracy of a new numerical algorithm, a programmer uses the algorithm to produce the first 200 digits of the number . The programmer checks the accuracy of 200 digits by comparing...