UA Hamburger Hamlet (UAHH) places a daily order for its high-volume items (hamburger patties, buns, milk, and so on). UAHH countsits current inventory on-hand once per day and phones in its order for delivery 24 hours later.Average daily demandStandard deviation of demandDesired service probabilityHamburger inventory60010099%800Determine the number of hamburgers UAHH should order for the above conditions.Note: Use Excel's NORM.S.INV() function to find the z value. Round z value to 3 decimal places and final answer to the nearestwhole number.Number of hamburgers

The work done (W) is represented by the following formula:W = F * d * cos(θ)where:W is the work done…

Answered: UA Hamburger Hamlet (UAHH) places a…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A perishable dairy product is ordered daily at a particular supermarket. The product, which costs $1.23 per unit, sells for $1.74 per unit. If units are unsold at the end of the day, the supplier takes them back at a rebate of $1 per unit. Assume that daily demand is approximately normally distributed with µ = 145 and σ = 25.Note: Use Appendix B to identify the areas for the standard normal distribution. What is your recommended daily order quantity for the supermarket? Round your answer to the nearest whole number.Q* = fill in the blank 1 What is the probability that the supermarket will sell all the units it orders? Round your answer to three decimal places.P(Stockout) = fill in the blank 2 In problems such as these, why would the supplier offer a rebate as high as $1? For example, why not offer a nominal rebate of, say, 25¢ per unit? What happens to the supermarket order quantity as the rebate is reduced?The lower rebate the quantity that the supermarket should order.
You are asked to manage the purchases of potatoes (10 kgs per bag). The annual demand = 1200 bags, Deliveredpurchase cost = 30/bags, Annual carrying cost percentage= 10percent, Order cost = 50/order. The lead time is 5 working days. Assuming 24 working days per month. 5.1 Determine the Economic Order Quantity 5.2 Determine the reorder point 5.3 Determine the average inventory5.4 Suppose orders are placed only at review time. Find the optimal period and the optimal orderquantity.
A. Genesis Company is a wholesaler. It purchases 60,000 units of Product X per month for sale to retailers. The cost of placing an order is P100. The cost of holding one unit of inventory for one year is P4. Required: 1. Compute the economic order quantity. 2. How many orders would be placed under the EOQ policy? 3. Compute the annual ordering cost for the EOQ. 4. Compute the annual carrying cost for the EOQ. 5. Compute the total inventory-related cost at the EOQ. 6. Previously, the company had been purchasing 5,000 units of product X per order: What is the ordering cost per year under the previous policy? ii. The annual carrying cost? iii. How much money does the company save over the policy of purchasing 5,000 units per order using the EOQ policy? i. B. Kings Company presents the following information: 1. Annual credit sales: P 25,200,000 2. Collection period: 3 months 3. Rate of return: 12% Kings company considers changing its credit term from n/30 to 3/10, 1/30. The following are…
Uncle Chuck's Chicken Sandwich operates 360 days per year and uses a periodic system to make inventory decisions for fries. Daily demand has been forecast to be 600 units and the standard deviation of daily demand is 300 units. The order interval is 10 days and the order lead time is 4 days. Uncle Chuck's Chicken Sandwich desires to maintain a service level of 98% for this item. How much safety stock Uncle Chuck needs to carry? Do not round intermediate calculations. Round your answer to a whole number. Your Answer: Answer
4. Genesis Company is a wholesaler. It purchases 60,000 units of Product X per month for sale to retailers. The cost of placing an order is P100. The cost of holding one unit of inventory for one year is P4. Note: Kindly input your answer with comma. Example: 10,000 Required: a. Compute the economic order quantity. b. How many orders would be placed under the EOQ policy? c. Compute the annual ordering cost for the EOQ. d. Compute the annual carrying cost for the EOQ. e. Compute the total inventory-related cost at the EOQ.
Let's say a retail outlet sells a seasonal product for $10 per unit. The cost of the productis $8 per unit. All units not sold during the regular season are sold for half the retailprice in an end-of-season clearance sale. Assume that demand for the product isuniformly distributed between 200 and 800. (please answer a-c) thank you a. What is the recommended order quantity?b. What is the probability that at least some customers will ask to purchase the product after the outlet is sold out? That is, what is the probability of a stock-out using your order quantity in part (a)?c. To keep customers happy and returning to the store later, the owner feelsthat stock-outs should be avoided if at all possible. What is your recommended orderquantity if the owner is willing to tolerate a 0.15 probability of a stock-out?
Bigdog Company distributes pet products. Its ABC system has five activities: Activity Area Cost Driver Rate in 2020 1. Order processing $50 per order 2. Line-item ordering $5 per line item 3. Store deliveries $40 per store delivery 4. Carton deliveries $6 per carton 5. Shelf-stocking $19 per stocking hour Rufus McBrain, the controller of Bigdog Company, wants to use this ABC system to examine customer profitability. He focuses on two of his customers to find out the insights he can gain from using this system. Data for these two customers in April 2020 are as follows: Pet Store Annerley RSPCA store Springwood Total orders 13 7 Average line items per order 11 19 Total store deliveries 5 7 Average cartons shipped per store delivery 21 18 Average hours of shelf stocking per store delivery 0.5 0.75 Average revenue per delivery $2,600 $1,900 Average cost of goods sold per delivery…
Bigdog Company distributes pet products. Its ABC system has five activities: Activity Area Cost Driver Rate in 2020 1. Order processing $50 per order 2. Line-item ordering $5 per line item 3. Store deliveries $40 per store delivery 4. Carton deliveries $6 per carton 5. Shelf-stocking $19 per stocking hour Rufus McBrain, the controller of Bigdog Company, wants to use this ABC system to examine customer profitability. He focuses on two of his customers to find out the insights he can gain from using this system. Data for these two customers in April 2020 are as follows: Pet Store Annerley RSPCA store Springwood Total orders 13 7 Average line items per order 11 19 Total store deliveries 5 7 Average cartons shipped per store delivery 21 18 Average hours of shelf stocking per store delivery 0.5 0.75 Average revenue per delivery $2,600 $1,900 Average cost of goods sold per delivery…
Cheeseburger and Taco Company purchases 19,634 boxes of cheese each year. It costs $21 to place and ship each order and $3.74 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders. What is the annual ordering cost of cheese inventory. Round the answer to two decimals. Your Answer: Answer
Big Poppy's Pizza uses a periodic review system to manage the inventory of key items delivered from the distribution center once per week. The demand for boxes during the reorder period and order lead time is normally distributed with an average of 623 and the standard deviation of 66.7. If the store wants to maintain a 99% service level where should they set the restocking level. Round your answer to the nearest whole number.
Requirement 1. Use the ABC information to compute the operating income of each customer in August 2020. Comment on the results and what, if anything, Flair should do. (Round your answers to the nearest whole dollar. Use parentheses or a minus sign for operating losses.) Revenues Cost of goods sold Gross margin Operating costs Operating income(loss) Albany Pharmacy
Required: Prepare the Hiatt Hotel's bank reconciliation for January 20X2. lato qioon de Annd Problem 10 The Terica Café uses a standard cost approach to aid in controlling its food costs. Listed below are the sales price, standard food cost, and quantity sold for its five sandwiches for the week ended August 28. Required Item Selling Price Standard Food Quantity LanSold benhg holltila Cost Evalu e et Pork Barrel kal $4.95 Idovs $1.60 50 Chicken Breast 4.4509 100 1.40 ylim Burger Delightod orlt es ov sv-3.95 how 0.95 2sri orlw emc 150 tosa1.70la ed ei 80v Ocean Catch in 4.95uf edd2.95 won e 0.45 lesiti 40 r IAGO the o Egg Salad aplgre

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