Calculate the economic production quantity

Assignment Help Business Management
Reference no: EM132342547

Question

Bull Industries manufactures steel support brackets for use in car seats. The annual demand for these steel support brackets is 200,000 units. Bull Industries can produce 150 steel support brackets per hour and the company works an 8 hour day for 230 days each year. 

The cost to set up for production of the steel support brackets is $190. Each steel support bracket costs $2.67. The company uses a rate of 18% of the item cost to determine the annual holding cost. Calculate the economic production quantity.

Answer options:

  • 3,463 units
  • 23,964 units
  • 6,599 units
  • 9,519 units
  • 12,575 units

Reference no: EM132342547

Questions Cloud

Possible reasons why the supply curve of labor : What are possible reasons why the supply curve of labor for any specific occupation is likely to be upward-sloping
Discuss the complementary colors and analogous colors : Discuss the following color harmonies: (Usage, Pros, and Cons): Complementary colors, Analogous colors, and Triadic colors. Your research paper should be.
Earner favor policies to redistribute income : What are 2 examples of self-interested reasons that a top earner might favor policies to redistribute income.
Constant rate from consuming the first object : Is there a diminishing marginal utility if the marginal utility decreases at a constant rate from consuming the first object?
Calculate the economic production quantity : The company uses a rate of 18% of the item cost to determine the annual holding cost. Calculate the economic production quantity.
Remains stronger than the sum of its parts : Does this mean, to ensure accountability, we have to ensure government as a whole, remains stronger than the sum of its parts? Explain, example
Corporations are a vital part of the society we live in : Corporations are a vital part of the society we live in. Does this mean society is actually responsible for accountability, or the lack thereof? Explain.
Question of corporate accountability really : Our current laws and system have so many loop holes to make the question of corporate accountability really one of ethics. Is this the price we pay for freedom?
Currency on the international currency market : Which three factors most directly affect the demand for a country's currency on the international currency market?

Reviews

Write a Review

Business Management Questions & Answers

  What is the best procedure for delivering the bad news

When should Dyhala be informed of the problem? What is the best procedure for delivering the bad news? What follow-up would you recommend to Hughes?

  Interest rate would restore full employment

Assuming no change in fiscal policy, what change in interest rate would restore full employment?

  Workplace as a result of conflict

How you would suggest management and employees should manage stress in the workplace as a result of conflict, change and other working conditions.

  Acceptance period of five years

This os expected to result in additional cash flow of $1,230,000 million over the next 7 years. What is the payback period for this project?

  What effect does this tax have on consumer surplus

The government imposed a specific tax of $1 per unit. What effect does this tax have on consumer surplus, producer surplus and welfare and DWL?

  Explain the organizational structure and management team

Explain the organizational structure and management team and a brief description of each of the brands/business units and the products and services offered.

  Speaking about importance of adopting active listening

In class today we were speaking about importance of adopting active listening importance of adopting active listening in the performance of their duties and res

  Investigate leadership traits

What methods researchers have used to investigate leadership traits? What traits are cited most often in research results

  Different scenarios for deployment of operating system

Draft a response to the questions below, which will address different scenarios for deployment of the operating system.

  Evaluate the pros and cons of process

Describe the stage-gate process of new product development and one other new product development process. Include the following: Evaluate the pros and cons of each process.

  There are no longer any duplicate values

Your code should print out the new values in the array when finished to show there are no longer any duplicate values.

  Describe five artifacts of cutler and give an example

Describe five artifacts of cutler and give an example of each

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd