If the Edwards production plan for the next period includes 1000 units of component 1 and 800 units of component 2, what purchases do you recommend

Answers

Answer 1

Answer and Explanation:

The computation is shown below:

Particulars          Supplier  

                          1         2          3          Overall

Component 1             1000                  1000

Component 2   650   50       100         800

From the above table the component 1 should be ordered to supplier 2 as the price is lesser in this case and also it is able to supply total production needed as per the component 1

In addition to this, the component 2 should be ordered to supplier 1 for 650 units as the price is lesser and the remaining balance could be ordered from supplier 2 or  3 as the prices are similar

If The Edwards Production Plan For The Next Period Includes 1000 Units Of Component 1 And 800 Units Of

Related Questions

All of the fixed manufacturing overhead costs would continue whether Part B89 is made internally or purchased from an outside supplier. Moon Appliance has no alternative use for its manufacturing facilities. Nadal Parts Company has offered to sell 9,000 units of Part B89 to Moon Appliance for $20.00 per unit. What should Moon Appliance do

Answers

Answer:

The correct option is a. Make the new product and buy the part to earn an extra $1.00 per unit contribution to profit.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

Moon Appliance manufactures a variety of appliances which all use Part B89. Currently, Moon Appliance manufactures Part B89 itself. It has been producing 9,000 units of Part B89 annually. The annual costs of producing Part B89 at the level of 9,000 units include:

Direct materials = $3.00

Direct labor = $8.00

Variable manufacturing overhead = $4.00

Fixed manufacturing overhead = $3.00

Total cost = $18.00

All of the fixed manufacturing overhead costs would continue whether Part B89 is made internally or purchased from an outside supplier. Assume Moon Appliance can purchase 9,000 units of the part from the Nadal Parts Company for $20.00 each, and the facilities currently used to make the part could be used to manufacture 7,000 units of another product that would have a $6 per unit contribution margin. If no additional fixed costs would be incurred, what should Moon Appliance do?

Select one:

a. Make the new product and buy the part to earn an extra $1.00 per unit contribution to profit.

b. Make the new product and buy the part to earn an extra $4.00 per unit contribution to profit.

c. Continue to make the part to earn an extra $3.00 per unit contribution to profit.

d. Continue to make the part to earn an extra $8.00 per unit contribution to profit.

The explanation of the answer is now given as follows:

Since all of the fixed manufacturing overhead costs would continue whether Part B89 is made internally or purchased from an outside supplier, it implies that the fixed manufacturing overhead costs will not be considered in taking the decision.

We therefore proceed as follows:

Amount saved and generated per unit by outsourcing = Direct materials cost per unit + Direct labor cost per unit + Variable manufacturing overhead per unit + Per unit contribution margin from another product = $3 + $8 + $4 + $6 = $21

Price to buy from Supplier = $20

Extra per unit contribution to profit = Amount saved and generated per unit by outsourcing – Price to buy from Supplier = $21 - $20 = $1

Therefore, the correct option is a. Make the new product and buy the part to earn an extra $1.00 per unit contribution to profit.

What will be the level of interest rate, i, if investment at 0 interest is $16 million and the coefficient of invest, I, equals 0.4.

Answers

Answer:

The right solution is "16 +0.4r". A further explanation is given below.

Explanation:

The given values are:

Autonomous investment,

I = 16 million

Coefficient of investment,

g = 0.4

As we know,

Economy's investment function will be:

⇒ [tex]I(r) = I + gr[/tex]

On substituting the given values, we get

⇒        [tex]=16+0.4r[/tex]

One of the most strategies in developing a strong sense of personal responsibility is to what

Answers

Answer:

Take responsibility for your thoughts, feelings, words, and actions.

Explanation:

There are various strategies to take in developing a strong sense of personal responsibility, one of the topmost strategies is to "Take responsibility for your thoughts, feelings, words, and actions."

This will surely help in determining how to react to situations, without being pushed by others or blame others for the outcome.

Also, it will not affect your perception and duty to yourself. But rather spur you to do what you believe in and what will benefit you.

The GDP price index is multiple choice 3 computed for each industry sector. a measure of the price of a specified collection of goods and services compared to the price of a highly similar collection of goods and services in a reference year. a measure of the price of a specified collection of goods and services compared to the average of the prices of a highly similar collection of goods and services for the last 10 years. a measure of nominal GDP adjusted for inflation. d. Which of the following statements is true

Answers

Answer:

a measure of the price of a specified collection of goods and services compared to the price of a highly similar collection of goods and services in a reference year.

Explanation:

The changes should be measured that made in the goods and services involved in GDP. The GDP price index would be treated as an indicator for inflation that has been determined by comparing the current GDP to the GDP made in the reference year

So it would be measured the particular collection of the goods & services that should be compared with that of the reference year

hence, first option is correct

g Which of the following are potential complications when performing financial statement analysis: Group of answer choices Differences fiscal reporting periods Too few close comparable companies (same market cap, same industry, etc.) Ratios calculated for single company at a single point in time offer the analyst little insight Reporting discrepancies in global accounting standards (i.e. GAAP vs IFRS) All of the above

Answers

Answer:

The potential complications when performing financial statement analysis:

All of the above.

Explanation:

Financial statement analysis is a process that breaks down a company's financial statements in order to ease decision making.  The analyst can use any of these three or a combination of horizontal analysis, vertical analysis, and ratio analysis. Mostly, the analysis is useful to external stakeholders and investors who use it to understand the overall health of an organization.  The analysis also evaluates the financial performance and business value of an entity.

I know that Stephen has a lot of money. His parents drive Mercedes. His dogs wear cashmere sweaters, and he paid cash for his Hummer. The conclusion of the argument is ____________

Answers

Answer: I know that Stephen has a lot of money.

Explanation:

The whole point of the reasoning behind this thought by the speaker was to prove that Stephen had a lot of money.

This is why the speaker explained why they believed that Stephen had a lot of money. They talked about the car his parents drove, the cashmere sweaters his dogs wear and his use of cash to pay for his Hummer all to come to the conclusion that Stephen has a lot of money.

When trade barriers began to fall, what was the motivation for much of the foreign direct investment by non-U.S. firms

Answers

Answer:

The motivations were all the advantages that the U.S. market offers.

These advantages are many, because the U.S. is a developed country, with a very large population, and a robust legal system that protects private property, including the property of non U.S. firms that invest in the country.

For these reasons, once trade barriers began to fall, many non U.S. firms took advantage of the new opportunities, and started to invest in the U.S. market.

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