Answer:
$93,500
Explanation:
Given that,
Purchased new equipment for cash = $80,000
Transportation costs = $2,000
Sales tax paid = $7,000
Installation cost = $4,500
Cost of equipment:
= Cash purchase price + Transportation cost + Sales tax paid + Installation cost
= $80,000 + $2,000 + $7,000 + $4,500
= $93,500
Therefore, the cost recorded for the equipment was $93,500.
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Answer:
Optimal production run= 816 units per run
Explanation:
T<em>he optimal production run is the economic batch units that minimizes the balance of set-up cost and holding cost. It can be determined by adjusting the economic order quantity (EOQ) model for gradual replenishment ,</em>
EBQ = √(2× Co× D)/Ch(1-D/R)
EBQ- Economic /optimal production run
Co- set-up cost per run
Ch- holding cost per unit per annum
D- Annual Supply- 9800× 280
Production rate per day-5000
Optimal production run =
√(2×50× 800×280)/(40×(1-800/5000))
=816.4965809
Optimal production run= 816 units per run
Answer:
a. 136.93 units
b. $2,783.60
c. $2,783.63
d. 60 units
Explanation:
a. The computation of the economic order quantity is shown below:
= 136.93 units
b. The annual holding cost is
= Economic order quantity ÷ 2 × holding cost per order
= 136.93 units ÷ 2 × $40
= $2,738.60
c. The annual ordering cost is
= Annual demand ÷ economic order quantity × ordering cost per order
= $2,500 ÷ 136.93 units × $150
= $2,738.63
d. The reorder point is
= Demand × lead time + safety stock
where, Demand equal to
= Expected demand ÷ total number of days in a year
= 2,500 ÷ 250 days
= 10
So, the reorder point would be
= 10 × 6 + $0
= 60 units
We simply applied the above formulas