IL Data related to the inventories of Metro Supply are presented below:困SurgicalEquipment$ 260170240SurgicalSupplies$ 120RehabRehabSelling priceCostEquipmentS 340Supplies$ 16590250235162Replacement costCosts to sellNormal gross profit ratio8015830251030%30%30%20%*Show your computation! If not, no creditA) In applying the lower of cost or market rule, the inventory of surgical equipment would bevalued at:B) In applying the lower of cost or market rule, the inventory of surgical supplies would bevalued at:C) In applying the lower of cost or market rule, the inventory of rehab equipment would bevalued at:D) In applying the lower of cost or market rule, the inventory of rehab supplies would be valuedat:

Answered: IL Data related to the inventories of…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Williams Inc. produces fluorescent lightbulbs for commercial use. The accounting manager isattempting to estimate the total cost for the next quarter using the high-low method. He has compileddata and found the high and low costs are $10,000 and $6,000, respectively, and the associated costdrivers are 7,000 and 3,000 packs, respectively. What is the value for b (the variable cost per unit)?What is the value for a (the fixed quantity)?
QUESITON 26 Calculate the percentage of assets committed to inventory, where Panda lnc has $44,000,000 in total assets and 11,400,000 of inventory. QUESITON 27 Supply chain management is ... A.a set of procedures connecting suppliers to customers B.Design, operation and improvement of productive systems C.A sequence of activities across organizations that are involved in producing and delivering a product or service D.a series of activities from suppliers to customers that add value to a product or service QUESITON 28 SCOR stands for A.Supply Chain Operations Reference model B.Supply Chain Operations Resilience C.Supply Chain Organsational Resources D.
Trinity product Limited makes and sells three types of electronic security systems for which the following information is available Standard cost and selling price per unitDay Scan Night scan Omni scan GH¢ GH¢ GH¢Material 70 110 155Manufacturing labour. 40 55 70Installation labour. 24 32 44Variable overheads. 16 20 28Selling price 250 320 460 Fixed cost for the period are GH¢450,000 and installation labour, which is highly skilled is available for 25,000 hours only in a period and is paid GH¢8 per hour. Both manufacturing and installation labour are variable cost. The maximum demand for the period is: Day scan 2,000 units; Night scan 3,000 units; Omni scan 1,800 units. RequiredA) Having carried out an investigation of the availability of installation labour, the firm thinks that by offering GHS 12 per hour, additional installation would become available and thus overcome the labour…
I need a detailed explanation and assistance to solve this problem: Wineco produces wine cooler as a blend of wine, grape juice and apple juice ingredients, which it sells for $4 per gallon. The costs of ingredients are given in the following table: Cooler Ingredient Price per Gallon ($) wines 1.20 grape juice 1.40 Apple juice 0.60 Wineco owns a blending plant with a production capacity of 200 gallons per day. Because the plant is fully automated, all other production costs are negligible by comparison to the cost of ingredients, and can be ignored. Government regulations mandate that wine cooler products must satisfy the following guidelines: At least 10% of the blend produced must be grape juice. The ratio of apple juice to grape juice in the blend produced must be 2.5:1 The blend produced must contain between 20% and 25% wine. Wineco wishes to use LP in order to determine the quantities of ingredients to buy for a day’s production of wine cooler, so…
M&L Manufacturing makes various components for printers andcopiers. In addition to supplying these items to a major manufacturer,the company distributes these and similar items to officesupply stores and computer stores as replacement parts forprinters and desktop copiers. In all, the company makes about20 different items. The two markets (the major manufacturerand the replacement market) require somewhat different handling.For example, replacement products must be packagedindividually whereas products are shipped in bulk to the majormanufacturer.The company does not use forecasts for production planning.Instead, the operations manager decides which items to produceand the batch size, based on orders and the amounts in inventory.The products that have the fewest amounts in inventory get thehighest priority. Demand is uneven, and the company has experiencedbeing overstocked on some items and out of others. Beingunderstocked has occasionally created tensions with the managersof…
M&L Manufacturing makes various components for printers andcopiers. In addition to supplying these items to a major manufacturer,the company distributes these and similar items to officesupply stores and computer stores as replacement parts forprinters and desktop copiers. In all, the company makes about20 different items. The two markets (the major manufacturerand the replacement market) require somewhat different handling.For example, replacement products must be packagedindividually whereas products are shipped in bulk to the majormanufacturer.The company does not use forecasts for production planning.Instead, the operations manager decides which items to produceand the batch size, based on orders and the amounts in inventory.The products that have the fewest amounts in inventory get thehighest priority. Demand is uneven, and the company has experiencedbeing overstocked on some items and out of others. Beingunderstocked has occasionally created tensions with the managersof…
Suppose this information is available for PepsiCo, Inc. for 2015, 2016, and 2017. (in millions) 2015 2016 2017 Beginning inventory $ 2,100 $ 2,400 $ 2,300 Ending inventory 2,400 2,300 2,700 Cost of goods sold 18,227 20,071 20,478 Sales revenue 39,145 42,957 44,066 Calculate the days in inventory for PepsiCo, Inc. for 2015, 2016, and 2017. (Round days in inventory to 1 decimal place, e.g. 5.1.) 2015 2016 2017 Days in inventory days
Production and Materials Purchases Budgets White Corporation’s budget calls for the following sales for next year:Quarter 1 90,000 units Quarter 3 68,000 unitsQuarter 2 76,000 units Quarter 4 96,000 unitsEach unit of the product requires 3 pounds of direct materials. The company’s policy is to begineach quarter with an inventory of product equal to 5% of that quarter’s estimated sales requirementsand an inventory of direct materials equal to 20% of that quarter’s estimated direct materials requirements for production.Required Determine the production and materials purchases budgets for the second quarter.
BicycleBro is a retailer that sells bicycles. The company had been operating for 30 days (1 month). By the end of 1 month it wants to measure its performance in terms of Inventory turnover and Days of inventory. Below is the information that the company has collected from its warehouse and accounting department Stock Count Sheet Item code Stock on hand Stock count week (week number when employees counted the stock on hand) 100 30 week1 200 10 week1 100 10 week3 200 20 week3 Inventory valuation Item code Value per unit (in $) 100 1000 200 2000 Bicycles sold by end of month Item code Units sold 100 5 200 10 Given the information above find What is the total inventory turnover rate for given period? What is the total Inventory Days of Sales for given period?
I need assistance to solve the following problem in Operations Analysis. 2) A coffee store is experiencing sales of 280 pounds of coffee beans per year. The supplier charges the store $2.40 per pound, and the paperwork and labor costs incurred by the store in placing an order total $45 per order. Holding costs are based on 20% interest rate per annum. a) What is the optimal order size (write down the model name, its parameters and formula)? b) What is the time between order placements (include the formula)? c) What is the average annual holding cost (include the formula)? d) If the lead time is 3 weeks, what is the reorder level based on inventory on hand (include the formula)?
ProHaul specializes in trans-American shipments for businesses through the delivery of containers. For every container the company loads on its trucks, ProHaul estimates the haul costs $1,000. In addition, containers are weighed and for each pound, there are hauling fees of $0.15. ProHaul plans to charge $0.49 per pound to his customers.a. How many pounds would a container have to hold in order for the company to Break Even?b. What would the total revenue be for this?c. The company finds out that to maintain the integrity of its containers, each container could only hold an average of 8,000 pounds. What would the company have to charge customers to make $5,000 in profit on each container?
ProHaul specializes in trans-American shipments for businesses through the delivery of containers. For every container the company loads on its trucks, ProHaul estimates the haul costs $1,000. In addition, containers are weighed and for each pound, there are hauling fees of $0.15. ProHaul plans to charge $0.49 per pound to his customers.Break even=2,941.17647 unitsWhat would the total revenue be for this?

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