You are a production planner for stanley tools. stanley tools faces an annual demand of 1,000 screws. production rate is 8 screws per day. production setup cost is $10 per setup and annual holding cost is $2 per screw. stanley tools operates 250 days in a year. (a) what is the optimum production run quantity? (b) what is the maximum inventory level?

For a firm that uses the weighted average method of process costing, which of the following must be true? (a) physical units can be greater than or less than equivalent units. (b) physical units must be equal to equivalent units. (c) equivalent units must be greater than or equal to physical units. (d) physical units must be greater than or equal to equivalent units.

The quinoa seed is in high demand in wealthier countries such as the u.s. and japan. approximately 97% of all quinoa production comes from small farmers in bolivia and peru who farm at high elevations—8,000 feet or higher. the seed is considered highly nutritious. mostly grown and harvested in bolivia and peru, and sold to markets in other countries, the seed is now considered an important for these nations. the governments of bolivia and peru are hopeful that this product will increase the quality of life of their farmers.

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