What is the maximum inventory level?
A company distributes repair parts for high-end appliances. The annual demand is 81,000 and the company operates 300 days per year. The annual carrying cost is 20% of the item cost, which is $500. The ordering cost is estimated at $60 and the shortage cost is $150.
Answer: 242
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Base pay is a person's regular salary. Base pay differs from variable pay. Base pay is based on:
a. internal equity (job evaluation) and external equity (market data). b. the number of people applying for the position, and how quickly the position needs to be filled. c. government-determined diversity quotas, and the tax credits available to the employer. d. the familiarity with a candidate's professional reputation, and the size of the candidate's network of social connections.
The mixing department has 18,000 units and $50,000 in costs for which to account. Of the 18,000 units, 12,000 were completed and transferred to the next department. The 6,000 remaining were 25% complete for conversion costs
Direct materials are added at the beginning of the process, and the conversion costs are added evenly throughout the process. The cost per equivalent unit is $2.25 for direct materials and $0.80 for conversion costs. The total costs to account for are A) $93,000. B) $50,000. C) $14,700. D) $18,300.