What is the dollar value of wip

Assignment Help Business Economics
Reference no: EM132649803

A company has 9 weeks of work in process (WIP) inventory and an annual cost of goods sold (CGS) of $18,000,000. There are 50 working weeks per year.

a) What is the dollar value of WIP?

b) The company wants to reduce its WIP levels from 9 weeks to 5. Assuming that the company is successful in its efforts, what will be the financial impact to the business if the holding cost of WIP is 20%?

Reference no: EM132649803

Questions Cloud

Discuss interest group efforts in these policy areas : Discuss the interest group efforts in these policy areas. Make specific reference to the American Amnesia book.
Review cases of discrimination in employment : The International Labor Organization (ILO) proposes that discrimination is an underlying feature of poverty.
What is the total cost of the three jobs as of april : What is the total cost of the three jobs as of April 30? Materials requisitioned: Job 114, P16,500; Job 115, P12,200 and Job 116, P5,000
Network operating system fundamentals : Network Operating System Fundamentals - Write a memo explaining what services must be installed on the network to satisfy each requirement
What is the dollar value of wip : A company has 9 weeks of work in process (WIP) inventory and an annual cost of goods sold (CGS) of $18,000,000. There are 50 working weeks per year.
How to determine the company contribution margin : Identify which specific variables should be included in the calculation, and illustrate explanation by calculating contribution margin and contribution margin
Identify key techniques for successfully pitching : Study materials identify key techniques for successfully pitching your idea to key stakeholders, including forming alliances, preparation
Intelligence reform act : put yourself in the place of a trusted advisor to the DNI nominee. You have to help prepare that person for the confirmation hearing,
What is marketing : What is Marketing? And what is management and leadership in marketing?

Reviews

Write a Review

Business Economics Questions & Answers

  What is the value of the highest total producer surplus

The marginal costs suffered by the monopolist when it supplies the first 10 units of its product are, respectively, 1, 2, 3, 5, 7, 9, 11, 14, 17 and 20 dollars per product unit. What is the value of the highest Total Producer's Surplus that the mo..

  Consider the united states current economic situation

Now consider the United States' current economic situation. Share your overall opinion of the subject and if you believe the U.S. economy has benefited.

  What will the demand be each season

With a major expansion planned, Judy projects sales next year to 1200 radials. What will the demand be each season?

  Economic markets to achieve a sound environmental policy

What do defenders of the market approach to environmental responsibilities state about the ability of economic markets to achieve a sound environmental policy?

  Land ownership would be so important for their freedom

Why did freed slaves believe that land ownership would be so important for their freedom? How did the system of sharecropping limit their freedom and make land ownership difficult to achieve? Do you think the government should have seized the land of..

  Hedging strategy over the insurance approach

What are the factors that may cause businesses to prefer using the hedging strategy over the insurance approach as a form of risk management measure?

  Government of nation established price support for wheat

The government of a nation established a price support for wheat. The government’s support price has been above the equilibrium price each year since, and the government has purchased all wheat over and above the amounts that consumers have bought at..

  Average cost and average variable cost

Choose a market price that is between Average Cost and Average Variable Cost. Will the firm choose to produce a positive output level?

  Outsourcing phenomena in manufacturing-business services

1. What are some of the main differences between the outsourcing phenomena in manufacturing versus business services?

  Determine the optimal capital-labor ratio

Acme Container Corporation produces egg cartons that are sold to egg distributors. Acme has estimated this production function for its egg carton division: Acme currently pays a wage of $10 per hour and considers the relevant rental price for capital..

  Suppose the price elasticity of demand for bread

Suppose the price elasticity of demand for bread is 1.00. If the price of bread falls by 20%, the quantity demanded will increase by: Suppose that a 20% decrease in the price of good Y causes a 20% increase in demand for good X. The coefficient of cr..

  You can use the money to buy two tickets

Should you ask your boss if you can use the money to buy two tickets? Why? in flying or lying in business class

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