Business, 20.04.2021 20:50 ambercuevas2707

Problem 11-13 Dunstreet's Department Store would like to develop an inventory ordering policy of a 90 percent probability of not stocking out. To illustrate your recommended procedure, use as an example the ordering policy for white percale sheets. Demand for white percale sheets is 3,000 per year. The store is open 365 days per year. Every four weeks (28 days) inventory is counted and a new order is placed. It takes 11 days for the sheets to be delivered. Standard deviation of demand for the sheets is four per day. There are currently 180 sheets on hand. How many sheets should you order? (Use Excel's NORMSINV() function to find the correct critical value for the given α-level. Do not round intermediate calculations. Round "z" value to 2 decimal places and final answer to the nearest whole number.) Number of sheets

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 01:00

The law says your employer is responsible for providing you with a safe and healthy workplace. true or false?

Answers: 1

Answer

Business, 22.06.2019 15:00

Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget.the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead.a total of 119,300 units, using 478,000 direct labor hours, were produced during the year.actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.

Answers: 3

Answer

Business, 22.06.2019 16:30

Corrective action must be taken for a project when (a) actual progress to the planned progress shows the progress is ahead of schedule. (b) the technical specifications have been met. (c) the actual cost of the activities is less than the funds received for the work completed. (d) the actual progress is less than the planned progress.

Answers: 2

Answer

Business, 23.06.2019 13:30

There are four record classifications. choose the two types of records that are never destroyed. a. vital and essential b. vital and important c. inactive and vital d. important and digitized

Answers: 2

Answer

You know the right answer?

Problem 11-13 Dunstreet's Department Store would like to develop an inventory ordering policy of a 9...

Questions