A firm wants to develop a level material use schedule based on the following data. What should be the setup cost? Desired lot size: 60 Annual demand: 40,000 Holding cost: $20 per unit per year Daily production rate: 320 Work days per year: 250

$0.45

Explanation:

Given that

Desired lot size = 60

Annual demand = 40000

Holding cost = 20 per unit

Daily production rate = 320

Workdays per year = 250

Recall that

S = (Q^2 H[1 - d/p])/ 2d

Where S = setup cost

D = annual demand

Q = order quality

P = daily production

Seeing that daily demand is not given. We find d

d = 40000/250 = 160

Therefore

S = [60^2 20( 1 - 60/320)] / 2 × 40000

S = 3600 20 ( -1.12)/ 80000

S = $0.45

set up cost is $-111.6 ~ $ -112.

Explanation:

In determining the set up costs, the formula used is (Q ^ 2 * H[1 - d ÷ P]) ÷ 2 × D

where;

Q represents Desired lot size

H represents Holding Cost

D represents Annual Demand

P represents Daily production

Therefore, (60 ^ 2 × 20[1 - 40,000 ÷ 320] ÷ 2 × 40,000)

= 72,000[ 1 - 125] ÷ 80,000

= 72,000[ -124] ÷ 80,000

= -8,928,000 ÷ 80,000

=$ -111.6 is the set up cost.

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

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