Race One Motors is an Indonesian car manufacturer. At its largest manufacturing facility, in Jakarta, the company produces subcomponents at a rate of 310 per day, and it uses these subcomponents at a rate of 12 comma 300 per year (of 250 working days). Holding costs are $3 per item per year, and ordering costs are $31 per order. a) What is the economic production quantity? nothing units (round your response to two decimal places). b) How many production runs per year will be made? nothing production runs (round your response to two decimal places). c) What will be the maximum inventory level? nothing units (round your response to two decimal places). d) What percentage of time will the facility be producing components? nothing% (enter your response as a percentage rounded to two decimal places). e) What is the annual cost of ordering and holding inventory? $ nothing (round your response to two decimal places).

Walsh company manufactures and sells one product. the following information pertains to each of the company’s first two years of operations: variable costs per unit: manufacturing: direct materials $ 25 direct labor $ 12 variable manufacturing overhead $ 5 variable selling and administrative $ 4 fixed costs per year: fixed manufacturing overhead $ 400,000 fixed selling and administrative expenses $ 60,000 during its first year of operations, walsh produced 50,000 units and sold 40,000 units. during its second year of operations, it produced 40,000 units and sold 50,000 units. the selling price of the company’s product is $83 per unit. required: 1. assume the company uses variable costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 2. assume the company uses absorption costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 3. reconcile the difference between variable costing and absorption costing net operating income in year 1.