The setup cost to make carpets is $20 per setup. The holding cost is $1.75 per yard per year, and the annual demand is 12,000 yards of carpet per year. The manufacturing facility operates 300 days, and 120 yards of the carpet are produced per day. What is the total annual holding cost under the economic production quantity policy?
A. $374.17
B. $458.26
C. $561.25
D. $1,122.50
A. $374.17
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In this stage of issue maturity, only activist communities are aware of the problem.
A. emerging B. latent C. institutionalized D. consolidating
In 2011 Bradshaw Inc incurred $40,000 of manufacturing overhead costs which will be paid for in 2012. Which of the following would be the correct journal entry to record this transaction?
A) Cost of Goods Sold 40,000Accounts Payable 40,000 B) Finished Goods Inventory 40,000Accounts Payable 40,000 C) Overhead Expenses 40,000Accounts Payable 40,000 D) Work in Process Inventory 40,000Accounts Payable 40,000
A partner who invested 90 percent of the capital and put in 90 percent of the total time devoted
by all partners to the partnership, is entitled to a share of profits only equal to that, but no more, of the other partners, if there is no agreement regarding the sharing of profits and losses. Indicate whether the statement is true or false
A discount store chain is concerned that cashiers might steal money from cash registers. To provide protection against theft by the cashiers, the discount store chain can purchase a
A) fidelity bond. B) liability insurance policy. C) surety bond. D) business income insurance policy.