The following data are given for Harry Company: Budgeted production 1,079 units Actual production 936 units Materials: Standard price per ounce $1.91 Standard ounces per completed unit 10 Actual ounces purchased and used in production 9,641 Actual price paid for materials $19,764 Labor: Standard hourly labor rate $14.04 per hour Standard hours allowed per completed unit 4.8 Actual labor hours worked 4,820 Actual total labor costs $78,325 Overhead: Actual and budgeted fixed overhead $1,156,000 Standard variable overhead rate $27.00 per standard labor hour Actual variable overhead costs $134,960 Overhead is applied on standard labor hours. (Round interim calculations to the nearest cent.) The direct labor rate variance is

Ardmore farm and seed has an inventory dilemma. they have been selling a brand of very popular insect spray for the past year. they have never really analyzed the costs incurred from ordering and holding the inventory and currently fave a large stock of the insecticide in the warehouse. they estimate that it costs $25 to place an order, and it costs $0.25 per gallon to hold the spray. the annual requirements total 80,000 gallons for a 365 day year.a. assuming that 10,000 gallons are ordered each time an order is placed, estimate the annual inventory costs.b. calculate the eoq.c. given the eoq calculated in part b., how many orders should be placed and what is the average inventory balance? d. if it takes seven days to receive an order from suppliers, at what inventory level should ardmore place another order?

Determine the hrm’s role in the performance management process and explain how to ensure the process aligns with the organization’s strategic plan.

Ashop owner uses a reorder point approach to restocking a certain raw material. lead time is six days. usage of the material during lead time is normally distributed with a mean of 42 pounds and a standard deviation of four pounds. when should the raw material be reordered if the acceptable risk of a stockout is 3 percent?