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The General Tyre and Rubber Company of Pakistan Limited (GTR) produces and sells an excellent quality Tyre. After production, the Tyres are distributed to 70 warehouses around the country. Each warehouse services approximately 2000 stores in its region. General Tyre and Rubber Company uses an EOQ model to determine the number of Tyres to order for each warehouse from the factory. Annual demand for Warehouse P4 is approximately 430,000 Tyres. The ordering cost is Rs.450 per order. The annual carrying cost of a pair of Tyres is Rs. 3500 per Tyre.
Problem 1. Use the EOQ model to determine the optimal number of tyres per order.
Problem 2. Assume each month consist of approximately 4 weeks. If it takes 1 week to receive an order, at what point should warehouse P4 reorder shoes?
Assuming that the direct materials cost is the same for July and August, did the conversion cost per equivalent unit increase, decrease, or remain the same in August?
Torres is contributing a building that cost Torres $75,000. The building's current market value is $90,000. Journalize the investment of the two partners.
How much is the under- or overrapplied overhead during the current period? Variable overhead @ 2,000 direct labor hours $150,000
Why is feedback necessary in management process? What are the two factors that can prevent a manager to maximize profit ?
Kayak Co. budgeted the following cash receipts ( excluding cash receipts from loans received) and cash disbursements.
Compute the equivalent units of production for MATERIALS AND CONVERSION.
The average service fee was $50 per unit. What was the Service Department's ROI for the year? (round to the nearest whole percent)
Brief commentary on the variances computed above, including explanations regarding the price and the quantity variances for Direct materials
Review the opening feature of this chapter that highlights Dylan Lauren and her company Dylans Candy Bar.
Principal business activity is plumbing installation and repair and its business code number is 238220. It files its income tax returns on this calendar-year basis.The partnership requires maximizing its cost recovery deductions for tax purposes
Total the variances you have computed, and compare the net amount with the $12,250 mentioned by the vice president. Do you agree that everyone should be congratulated for a job well done? Explain.
MGMT E-1500: COST ACCOUNTING CASE ASSIGNMENT. Calculate the predetermined overhead rate the company is currently using
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