200 items of inventory bought at $15 per unit were remaining in the wa

1. Consider a hardware supply warehouse that is contractually obligated to deliver 1,000 units of a specialized fastener to a local manufacturing company each week. Each time warehouse places an order for these items from its supplier, an ordering and transportation fee of $20 is charged to the warehouse. The warehouse pays $1.00 for each fastener. Annual holding cost is 25 percent of inventory value, or $0.25 per year. The warehouse manager would like to know how much to order when inventory gets to zero (assuming the manufacturing plant operates for 50 weeks a year).Please answer the following questions: (Please write formulas to get the results)Demand D（per year） = Fixed setup cost K = Inventory holding cost h per item per time unit, h = Economic Order Quantity Q* = Number of orders per unit time = Length of order cycle (cycle time) = Total cost per unit time =

2.The EBIT break-even point can be calculated using which of the following formulas?选项： A:(Units Sold × Sale Price) - (Units Sold × Cost per unit) - SG&A - Depreciation = 0; B: (Units Sold × Sale Price) + (Units Sold × Cost per unit) - SG&A - Depreciation = 0; C:(Units Sold × Sale Price) - (Units Sold × Cost per unit) + SG&A + Depreciation = 0; D:(Units Sold × Sale Price) + (Units Sold × Cost per unit) + SG&A - Depreciation = 0

3.Suppose a firm in a competitive market received $1,000 in total revenue and had a marginal revenue of $10 for the last unit produced and sold. What is the average revenue per unit, and how many units were sold? 选项：A、$5 and 50 units B、$5 and 100 units C、$10 and 50 units D、$10 and 100 units

4.A company uses process costing to value its output and all materials are input at the start of the process. The following information relates to the process for one month: Input 3,000 units Opening stock 400 units Losses 10% of input is expected to be lost Closing stock 200 units How many good units were output from the process if actual losses were 400 units? 选项： A:2,800 units; B:2,900 units; C:3,000 units; D:3,200 units

5.What is the inventory carrying cost (cost per unit per year) under the information below: average daily demand 10 units; lead time 2 days; product cost 250 dollar per unit; annual cost of capital 30%; ordering cost 500 dollars; days per year 250

6. A firm has beginning inventory of 400 units at a cost of $12 each. Production during the period was 700 units at $13 each. If sales were 800 units, what is the value of the ending inventory using LIFO? 选项： A: $2,750 B: $3,600 C: $3,300 D: $3,850

7.The overhead absorption rate for product T is $4 per machine hour. Each unit of T requires 3 machine hours. Inventories of product T last period were: Units Opening inventory 2,400 Closing inventory 2,700 Compared with the marginal costing profit for the period, the absorption costing profit for product T will be which of the following? ? $3,600 higher|$1,200 lower|$1,200 higher|$3,600 lower

8.The overhead absorption rate for product T is $4 per machine hour. Each unit of T requires 3 machine hours. Inventories of product T last period were: Units Opening inventory 2,400 Closing inventory 2,700 Compared with the marginal costing profit for the period, the absorption costing profit for product T will be which of the following?选项： A:$1,200 higher; B:$3,600 higher; C:$1,200 lower; D:$3,600 lower

9. Last month a company budgeted to sell 8,000 units t a price of $12.50 per unit, and standard profit per unit is $5 per unit. Actual sales last month were 9,000 units giving a total sales revenues of $117,000. If the company applies the absorption costing system, what was the sales volume variance for last month? 选项： A: $5,000 F; B: $5,000 A ; C:$4,500 A ; D: $4,500 F

10.29) The contribution margin per unit is equal to the: 选项： A:A) sales price per unit minus the total costs per unit. B:B) variable cost per unit minus the fixed cost per unit. C:C) sales price per unit minus the variable cost per unit. D:D) pretax profit per unit. E:E) aftertax profit per unit.

11.中国大学MOOC: Suppose an economy produces only cheese and fish. In 2008, 20 units of cheese are sold at $5 each and 8 units of fish are sold at $50 each. In 2007, the base year, the price of cheese was $10 per unit and the price of fish was $75 per unit. For 2008, ( )

12.Through ______ firms achieve a lower average cost per unit by producing a larger volume. 选项： A、inventory management B、per unit expense control C、economies of scale D、deintegration E、effective marketing

13.Product X sells for $35 per unit and has related variable costs of $25 per unit. The fixed costs of producing product X are $65,000 per month. How many units of product X must be sold each month to earn a monthly operating income of $85,000? 选项： A、2,833 units. B、6,000 units. C、15,000 units. D、10,000 units.

14.Which of the following best describes the concept of marginal analysis?选项： A:The amount of revenue per unit of product sold that contributes to profit B:The amount of revenue per unit of product sold that offsets costs C:The effect on costs and revenue when a company produces and sells one more unit of product D:Total revenue divided by the number of units sold

15.A company sells garden hoses and uses the perpetual inventory system to account for its merchandise. The beginning balance of the inventory and its transactions during September were as follows:September 1: Beginning balance of 18 units at $13 each September 12: Purchased 30 units at $14 each September 19: Sold 24 units at $30 selling price each September 20: Purchased 24 units at $17 each September 27: Sold 27 units at $30 selling price eachIf the ending inventory is reported at $276, what inventory method was used?（）选项： A:Weighted average method. B:LIFO method. C:Retail inventory method. D:Specific identification method.

16.A manufacturer produces 400 units when the market price of $10 per unit and produces 600 units when the market price is $12 per unit. Using the midpoint method, for this range of prices, the price elasticity of supply is about选项： A:0.45.; B:2.0.; C:2.2.; D:200.

17.During 2018, Smart Electronics, SE, which began business in August of that year, purchased 10,000 units of a microchip at a cost of $250 per unit in August. The microchip sold well in August. In anticipation of heavy sales in the last four months of 2018, SE purchased 50,000 additional units at the beginning of September at a cost of $265 per unit. During 2018, SE managed to sell a total of 22,000 units at a price of $299 per unit. Under the first-in, first-out (FIFO) method, what is SE’s cost of goods sold for 2018? 选项： A: $5,650,000 B: $5,680,000 C: $5,830,000

18.Variable cost: 选项： A、increases on a per unit basis as thenumber of units produced increases. B、remains constant on a per unit basis asthe number of units produced increases. C、remains the same in total as productionincreases. D、decreases on a per unit basis as thenumber of units produced increases.

19.A company uses components at the rate of 600 units per month, which are bought in at a cost of $2.24 each from the supplier. It costs $8.75 each time to place an order, regardless of the quantity ordered. The supplier offers a 5% discount on the purchase price for order quantities of 2 000 items or more. The current EOQ is 750 units. The total holding cost is 10% per annum of the value of inventory held.What is the change in total cost to the company of moving to an order quantity of 2,000 units? 选项： A、$601 additional cost B、 $730 additional cost C、 $730 saving D、 $601 saving

20.The Fulcrum Company produces decorative swivel platforms for home televisions. If Fulcrum produces 40 million units, it estimates that it can sell them for $100 each. Variable production costs are $65 per unit and fixed production costs are $1.05 billion. Which of the following statements is most accurate? Holding all else constant, the Fulcrum Company would: 选项： A:A. generate positive operating income if unit sales were 25 million. B:B. have less operating leverage if fixed production costs were 10 percent greater than $1.05 billion. C:C. generate 20 percent more operating income if unit sales were 5 percent greater than 40 million.