SMI will need to purchase 30,000 sheets of this product on an annual basis. The steel producer has a minimum order quantity of 1,000 sheets and offers a sliding price scale based on the quantity in each order, as follows.

Order Quantity Unit Price
1000-1999 $5
2000-2999 $4
3000+ $3

The purchasing department estimates that it costs $250 to process each order, and SMI has an inventory carrying cost equal to 20 percent of the value of inventory.

Based on this information, use the price-break model to determine an optimal order quantity.
a. 5000
b. 2000
c. 3000
d. 4000
e. 1000

Elliott company produces large quantities of a standardized product. the following information is available for its production activities for march. units costs beginning work in process inventory 2,500 beginning work in process inventory started 25,000 direct materials $ 3,725 ending work in process inventory 5,000 conversion 11,580 $ 15,305 status of ending work in process inventory direct materials added 185,750 materials—percent complete 100 % direct labor added 182,375 conversion—percent complete 30 % overhead applied (140% of direct labor) 255,325 total costs to account for $ 638,755 ending work in process inventory $ 62,530 prepare a process cost summary report for this company, showing costs charged to production, unit cost information, equivalent units of production, cost per eup, and its cost assignment and reconciliation. use the weighted-average method. (round "cost per eup" to 2 decimal places.)

Suppose that in an economy the structural unemployment rate is 2.2 percent, the natural unemployment rate is 5.3 percent, and the cyclical unemployment rate is 2 percent. the frictional unemployment rate is percent and the actual unemployment rate (in this economy) is percent.

Apopular low-cost airline, parson corp., has gone out of business. although the service and price provided by the airline was what customers wanted, the larger airlines were able to drive the low-cost airline out of business through an aggressive price war. which component of the competitive environment does this illustrate? a) threat of new entrants b)competitors c) economic factors d) customers d) regulators