Expected Annual Usage of a Particular Raw Material Is 1,200,000

question 1

Multiple Choice

Expected annual usage of a particular raw material is 1,200,000 units,and standard order size is 10,000 units.The invoice cost of each unit is $145,and the cost to place one purchase order is $105.The estimated annual order cost is:

• A)$12,000.
• B)$17,400.
• C)$12,600.
• D)$800,000.

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Definitions:

Perception

The process of organizing, identifying, and interpreting sensory information to represent and understand the environment or an event.

Sensory Information

Data obtained by the senses, which play a crucial role in allowing the brain to understand and interact with the environment.

Transduction

The process of converting one form of energy into another, as in sensory transduction where physical signals are transformed into neural signals.

Color Constancy

is the perceptual phenomenon by which the colors of objects remain relatively constant under varying illumination conditions.