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A retailer knows the annual demand for one of its product is 100,000 units, the ordering costs are £25 per order and the average carrying cost per unit is 35 pence. You are required to:
1. Determine the Economic Order Quantity given the data above.
2. Produce sensitivity analysis assuming a change of up to 10% up or down on each of the factors individually and on all factors simultaneously.
3. Make a final recommendation to the board of the company, as to the number of units it should include in each order.
The owner of the Hughes Car Wash believes that the relationship between the number of cars washed and the amount of labor employed is Q = 0.8 + 4.5 L - 0.3 L2 where Q = the num
ASSUMPTIONS OF BREAK EVEN ANALYSIS 1. Fixed costs for all time remain constant. 2. All costs are divided into fixed and variable costs. 3. Selling price will not alter de
ACRS is a system of depreciation started by the Economic Recovery Tax Act of 1981. ACRS depreciation relies on recovery periods in spite of useful life. These periods were preset b
developing leval
Wages Department It is accountable for the preparation of the payroll and the payment of wages. The routine will need: a) Analysis of clock cards and verify of overtime aut
Describe the meaning and relevance of interdependence of variances when reporting to managers.
what is the different between Financial accounting and management accounting?
Price and Cost information play no role in negotiated transfer prices. Do you agree? Describe.
Eckels Wares is a division of a major corporation. The following data are for the latest year of operations: Sales
Prod 400000 DM cost $3 DL 24 moh v 1.80 F 4.50 products 35000 DMP12000lb@$11/lb DM use10450lb DL38500HR 880500 v moh64150 FMOH152000
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