Queen Inc. has the option to make or buy one of its component parts. The annual requirement is 20,000 units. A supplier is able to supply the parts for $11 per piece. The firm estimates that it costs $ 600 to prepare the contract with the supplier. To make the part in-house, the firm must invest $50,000 in capital equipment and estimates that the parts cost $ 9 per piece. Complete the table below. Important! Enter all responses as whole numbers with a comma as needed (#,###).

The office manager for the Gotham Life Insurance Company orders letterhead stationery from an office products firm in boxes of 500 sheets. The company uses 6,500 boxes per year. Annual carrying costs are $3 per box, and ordering costs are $28. The following discount price schedule is provided by the office supply company: Order Quantity (in boxes) Price per Box 200-999 $16 1000-2999 14 3000-5999 13 6000+ 12 a. Determine the optimal order quantity and the total annual inventory cost. b. Determine the optimal order quantity and total annual inventory cost for boxes of stationery if the carrying cost is 20% of the price of a box of stationery.

Please put answers in the excel format.

1) Clancy's Motors has the following demand to meet for custom manufactured fuel injector parts. The holding cost for that item is $2 per month and each setup costs $80. Lead time is 0 months. Calculate the planned order releases using: (a) the EOQ technique, and (b) the POQ technique. And What are the costs of each plan, including the holding cost of any inventory left over after month 7? What technique performance is better.

Answer (Show all mathematical work):

(a) The monthly holding cost = $2/month

Average monthly demand = ??? units

The EOQ = ??? units

Total inventory held = ??? units

Setup costs = $???

Holding cost = $????

Total cost = $????

(b) POQ Interval = ?.??, round to # month.

Total inventory held = ? units

Setup costs = $???

Holding cost = $?

Total cost = $???

High-Low Method

Luisa Crimini has been operating a beauty shop in a college town for the past 10 years. Recently, Luisa rented space next to her shop and opened a tanning salon. She anticipated that the costs for the tanning service would primarily be fixed, but found that tanning salon costs increased with the number of appointments. Costs for this service over the past 8 months are as follows:

Required:

1. Which month represents the high point? The low point?

In your calculations, round per unit costs to the nearest cent.

2. Using the high-low method, compute the variable rate for tanning. Compute the fixed cost per month. Round the variable rate per tanning appointment to the nearest cent and use it in your further calculations. Round the fixed cost per month to the nearest dollar and use it in your further calculations.

3. Using the variable rate and fixed cost, what is the cost formula for tanning services?

4. Calculate the total predicted cost of tanning services for September for 2,600 appointments using the formula found in Requirement 3. Of that total cost, how much is the total fixed cost for September? How much is the total predicted variable cost for September? If required, round the final answers to the nearest dollar.

5. Which of the following statements is correct when luisa uses the high-low method to estimate the costs?

Cost Behavior

Alisha Incorporated manufactures medical stents for use in heart bypass surgery. Based on past experience, Alisha has found that its total maintenance costs can be represented by the following formula: Maintenance Cost = $1,675,000 + $375X, where X = Number of Heart Stents. Last year, Alisha produced 58,000 stents. Actual maintenance costs for the year were as expected.

Required:

If required, round your answers to the nearest cent.

1. What is the total maintenance cost incurred by Alisha last year?

$

2. What is the total fixed maintenance cost incurred by Alisha last year?

$

3. What is the total variable maintenance cost incurred by Alisha last year?

$

4. What is the maintenance cost per unit produced?

$per unit

5. What is the fixed maintenance cost per unit?

$per unit

6. What is the variable maintenance cost per unit?

$per unit

7. Alisha management could improve its cost function to better understand past maintenance costs and predict future maintenance costs by.

1. Income Statements under Absorption and Variable Costing

   In the coming year, Kalling Company expects to sell 28,700 units at $32 each. Kalling’s controller provided the following information for the coming year:

   Units production	30,000
   Unit direct materials	$ 9.95
   Unit direct labor	$ 2.75
   Unit variable overhead	$ 1.65
   Unit fixed overhead*	$ 2.50
   Unit selling expense (variable)	$ 2.00
   Total fixed selling expense	$ 65,500
   Total fixed administrative expense	$231,000

   * The unit fixed overhead is based on 30,000 units produced.

   Required:

   1. Calculate the cost of one unit of product under absorption costing.

   $

   2. Calculate the cost of one unit of product under variable costing.

   $

   3. Calculate operating income under absorption costing for next year.

   $

   4. Calculate operating income under variable costing for next year.

   $

The city of Seattle sells an average of 30,000 hotel rooms per night. Currently, those rooms have an average tax of $90. The city proposed an additional tax of $10 per room to help finance a stadium. Economists believe that without the tax, the city would average an extra 4000 rooms per night due to the new stadium. But with the tax, the number of rooms sold would fall to 27,000 even with the stadium. Based on these numbers, would it be smarter for the city to charge the proposed tax, or to use tax incremental financing to pay for the stadium?

. Root depth for grasses and shrubs in a type of soil known as glacial outwash was studied in Yellowstone National Park. It was found that the root depth in this type of soil is a normally distributed random variable with standard deviation 8.94 inches. (a) In a proposed study region of glacial outwash, how many plants should be carefully dug up and studied to be 90% sure that the sample mean root depth is within 0.5 inches of the population root depth? (b) How many to be 90% sure that it is within 0.25 inches? (Is there any obvious relationship to the answer of part (a)?

Dizzy Inc. is the only operator of themed amusement parks (DizzyWorld). Dizzy’s production function (which, oddly, relies only on labor) is given by:

Q = 60L^0.5

Dizzy pays its workers w = $12. Consumer demand for admission to DizzyWorld is given by: QD = 24,000 – 200P

1a) Find Dizzy Inc’s profit-maximizing quantity (number of theme park admissions)

1b)  Find what price Dizzy will charge to attain this level of demand?

1c)  Compare (using SPECIFIC NUMBERS) the Monopoly P and Q with the outcomes form a perfectly competitive market

True or false:

1) If a nation is selling more goods and services to foreigners than it is buying from them, then on net it must be selling assets abroad.

2) It is possible for a country to have domestic investment that exceeds national saving.

3) If a country’s trade surplus falls, its net capital outflow rises.

4) If the exchange rate is 80 yen per dollar, then a hotel room in Tokyo that costs 25,000 yen costs $200.

5) Other things the same, an increase in the nominal exchange rate raises the real exchange rate.