Normality and that seasonality is not a factor, Cost Accounting

Assignment Help:

One item a computer store sells is supplied by a vendor who handles only that item. Demand for that item recently changed, and the store manager must determine when to replenish it. The manager wants a probability of at least 96 percent of not having a stockout during lead time. The manager expects demand to average a dozen units a day and have a standard deviation of 2 units a day. Lead time is variable, averaging four days with a standard deviation of one day. Assume normality and that seasonality is not a factor. When should the manager reorder to achieve the desired probability? 

1342_44.png


Related Discussions:- Normality and that seasonality is not a factor

Irrelevant cost., what is irrelevant cost and give example

what is irrelevant cost and give example

Material cost, distinguish between bin card and store ledgre

distinguish between bin card and store ledgre

Determine the velocity impulse, Problem: A satellite is launched into Ear...

Problem: A satellite is launched into Earth orbit by a Delta II launch vehicle (LV).  The Delta LV's engines do not perform as expected, and at upper-stage burnout the satellite

Example of over and under absorption of production overhead, Example of Ove...

Example of Over and under absorption of production overhead costs By employing data from diagram assume such the production overhead absorption rate was computed where an acti

allocation of cost, looking for a dissertation of cost allocatio

looking for a dissertation of cost allocation

How many bottles do they need to sell to breakeven, Denair Fine Wines, Inc....

Denair Fine Wines, Inc., is planning to bring out a higher-quality wine product than any currently available in Stanislaus county. They've decided on selling the blended, fortified

Marginal and absorption costing, on june 2005 20 units of the product in st...

on june 2005 20 units of the product in stock the following is extracted from the companys books direct material-200 per unit,direct labour 150 per unit, variable production overhe

Compute the manufacturing overhead, Slick Corporation is a small producer o...

Slick Corporation is a small producer of synthetic motor oil. During May, the company produced 5,000 cases of lubricant. Each case contains twelve quarts of synthetic oil. To achie

Write Your Message!

Captcha
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