Problem 16-15 (Algo) The owner of a large machine shop has just finished Its financial analysis from the prior fiscal year. Following is an excerpt from the final report: Net revenue Cost of goods sold Value of production materials on hand Value of work-in-process inventory Value of finished goods on hand a. Compute the inventory turnover ratio (ITR). (Round your answer to 1 decimal place.) Inventory turnover ratio $368,000 317,000 42,500 59,000 23,500 Weeks of supply per year b. Compute the weeks of supply (WS). (Do not round Intermediate calculations. Round your answer to 1 decimal place.)

9 Aphria Corporation listed on the Toronto Stock Exchange (TSX) produces 300,000 units a year and sells them all for $9 each. Aphria Corporation has explicit costs of production of $2,000,000 and its implicit costs of production are $350,000. Aphria Corporation earns an accounting profit of :20

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lamps: Lampshares Brass posts Straight-line depreciation Supervisors salaries Utilities Total N 100 500 600 1,800 200 N 3,200 b. What was the cost per lamp? For each component of the lamp? What type of cost behaviour would each of the costs exhibit? If Wally Company produces 300 lamps this month, would you expect the cost per lamp to increase or decrease? Why?