The Metropolitan Bus Company (MBC) purchases diesel fuel from American Petroleum Supply. In addition to the fuel cost, American Petroleum Supply charges MBC $225 per order to cover the expenses ofdelivering and transferring the fuel to MBC's storage tanks. The lead time for a new shipment from American Petroleum is 10 days; the cost of holding a gallon of fuel in the storage tanks is $0.03 per month, or$0.36 per year; and annual fuel usage is 180,000 gallons. MDC buses operate 288 days a yeac(a) What is the optimal order quantity for MBCZ

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Answered: The Metropolitan Bus Company (MBC)…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Mary Ann Clark is an artist and is employed by Fenway Racing. Fenway Racing manufactures custom race cars to exact specifications of drivers. Mary Ann's job is to hand paint logos and other custom artwork on each car. Below is her daily time sheet for March 7, 20X6: a.) Examine the time sheet and find the error. What is the importance of correctly accumulating time by job? How does the time sheet data track to the cost assignment process?
You’re travelling on the Pan-American Highway from Mexico into the United States and trying to decide whether to fill your petrol tank before or after crossing the border. One liter of petrol costs 15 Mexican pesos in Nuevo Laredo, Mexico, and one gallon of petrol costs 2.20 U.S. dollars in Laredo, Texas. If one U.S. dollar is worth 20 Mexican pesos, calculate the cost of petrol in Mexico in U.S. dollars per gallon. To answer this question express your numerical answer to 2 decimal places.
Administrators at a university will charge students $250 to attend freshman orientation. It costs $6,000 to reserve their grand ballroom, hire extra security, and bring in a moonwalk. Assume it costs $10 per student for the administrators to provide the course materials. How many students would have to register for orientation for the university to break even?
"In State Y, which has a complex tax structure, the sales tax varies depending on the type of goods purchased. For electronics, the tax rate is 7%, while for clothing items, it's 5%. A customer, Emily, goes shopping and buys a laptop for $1200, a smartphone for $800, and a pair of jeans for $50. She also purchases a shirt for $30. Calculate the total amount Emily will pay including sales tax, considering the different tax rates for each item."
The small boatyard WhiteKayaks are building epoxy kayaks, last year they built 156. Each of those requires 12 kg of epoxy, purchased in 6 kg barrels at €170 each, freight cost is €18 per shipment plus €1 per kg. The annual carrying cost is estimated to 20% of the value. a. If the purchase policy is to buy 20 barrels each time, how much time can be spent on administrative work if the order quantity should be considered optimal. The boat-builder costs €25/h. b. If time spent is 30 minutes, what would be the optimal order quantity?
The cost of operating a bus involves the cost of gasoline , the driver's wage and other maintenance cost. Assume that the cost of Gasoline is $ 1.25 per litre , the driver earns $ 45 per hour , and maintenance cost is $ 0.18 per kilometre. If the fuel efficiency of the bus traveling at 80 Kilometres per hour is 9.6 litre per 100 kilometres, determine the cost of operating the bus (in Dollars) over a distance of 400 Kilometres. Enter your answer without units. Enter an integer or a fully reduced fraction such as 104 , 216 , 2056/7. etc. No spaces please
An organic juice company would like to increase its production of juice. The company’s plan for the next five months is to increase the num- ber of gallons of juice it produces each month by 400 gal. For the five-month period, the company wants to produce at least 8500 gal of juice. What is the minimum number of gallons of juice the company can produce in the first month if it is to achieve its goal?
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K William opened two investment accounts. The first year, these investments, which totaled $2800, yielded $167 in simple interest. Part of the money was invested at 6.5% and the rest at 5%. How much was invested at each rate? RETSE was invested at 6.5%, and $ was invested at 5%.
In a manufacturing company, the fixed cost is 8,640. The cost of a labour per unit is RO 12, the cost of materials is RO 3 per unit and the cost of manufacturing overheads is RO 6 per unit. What is the total cost if the company produces 800 units? a. RO 8640 b. RO 25,440 c. RO 9600 d. RO 16,800
In preparing for the upcoming holiday season, Fresh Toy Company (FTC) designed a new doll called The Dougie that teaches children how to dance. The fixed cost to produce the doll is $100,000. The variable cost, which includes material, labor, and shipping costs, is $32 per doll. During the holiday selling season, FTC will sell the dolls for $40 each. If FTC overproduces the dolls, the excess dolls will be sold in January through a distributor who has agreed to pay FTC $10 per doll. Demand for new toys during the holiday selling season is extremely uncertain. Forecasts are for expected sales of 60,000 dolls with a standard deviation of 15,000. The normal probability distribution is assumed to be a good description of the demand. FTC has tentatively decided to produce 60,000 units (the same as average demand), but it wants to conduct an analysis regarding this production quantity before finalizing the decision. (a) Determine the equation for computing FTC's profit for given values of the…
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