TStar buys chemical solvent (Acetone) from a supplier. Acetone costs $50 per liter, the ordering cost is $80, and inventory holding cost is based on a 24% annual interest rate (assume simple interest rate). The company uses an average of 40,000 liters of Acetone per year. The standard deviation of demand per week is 0.60% of the annual demand. Expected lead time for order arrival is 4 weeks with standard deviation of 1.5 days. The company would like to achieve 97.5% customer service level. 8. What is the order quantity? (Round up your answer) [3 points]
9. What is the expected demand during lead time? (Round up your answer) [2 points]
10. What is the standard deviation of the demand during lead time? (Round up your answer) [2 points]
11. What is the safety stock? (Round up your answer) [2 points]
12. What is the reorder point? [2 points]
13. What is the average number of orders in a year the company makes? (Round up your answer) [2 points]

Select all that apply. what do opponents of minimum wage believe are the results of minimum wage? increases personal income results in job shortages causes unemployment raises prices of goods

The cutting department of cassel company has the following production and cost data for july. production costs 1. transferred out 12,300 units. beginning work in process $0 2. started 3,900 units that are 60% materials 62,856 complete as to conversion labor 12,622 costs and 100% complete as manufacturing overhead 23,100 to materials at july 31. materials are entered at the beginning of the process. conversion costs are incurred uniformly during the process. determine the equivalent units of production for (1) materials and (2) conversion costs. materials conversion costs total equivalent units of production link to text link to text compute unit costs. (round unit costs to 2 decimal places, e.g. 2.25.) materials $ conversion costs $ link to text link to text prepare a cost reconciliation schedule. (round unit costs to 2 decimal places, e.g. 2.25 and final answers to 0 decimal places, e.g. 1,225.) cost reconciliation costs accounted for transferred out $ work in process, july 31 materials $ conversion costs total costs $

Moody corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. at the beginning of the year, the company made the following estimates: machine-hours required to support estimated production 100,000 fixed manufacturing overhead cost $ 650,000 variable manufacturing overhead cost per machine-hour $ 3.00 required: 1. compute the plantwide predetermined overhead rate. 2. during the year, job 400 was started and completed. the following information was available with respect to this job: direct materials $ 450 direct labor cost $ 210 machine-hours used 40