● Price O Distribution O Work force level ○ Promotion ☐ Question 3 Take Quiz Exit 0.63 pts 3. In a market situation where supply exceeds demand, which from the following list would you generally work on first? Change finished goods inventory levels O Hire or layoff Promotion O Change overtime or under time ☐ Question 4 0.63 pts 4. Which from the following list would you generally work on first? Scheduling decisions.

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Convert Insert MANAGEMENT SCIENCE ASSESSMENT TASKS PROBLEM 1. For each of the following costs, indicate whether the cost would be an out-of-pocket carrying cost (C), or a cost of placing an order (P). If the item does not qualify for either of these categories, note that it as none of the above (N) Assume that wages vary with the level of work while salaries are fixed for a monthly or longer time period. 1. Hourly fee for inventory audit. 2 Salary of purchasing supervisor. 3. Costs to audit purchase orders and invoices, on a per-order basis. 4. Taxes on inventory. 5. Stockout costs. 6. Storage costs charged per unit in inventory. 7. Fire insurance on inventory. 8. Fire insurance on warehouse. 9. Obsolescence costs on inventory. | 10. Shipping costs per shipment. PROBLEM 2 The Strawberry Bread Company buys and then sells (as bread) 2.6 million bushels of wheat annually. The wheat must be purchased in multiples of 2,000 bushels. Ordering costs, which include grain elevator removal…

Product costs under variable costing are typically:   Question 1 options:   lower than under absorption costing   higher than under absorption costing   the same as with absorption costing   higher than absorption costing when inventory increases