Page 1 Question 7 (1 point) The presence of "Safety Stock" increases "Carrying Costs" associated with inventory 1 2 3 ! 4 5 6 True False 7 8 9 Question 8 (2 points) In 2019. Company G sold 6,000 units for a total of $1.2 million in revenue. In 2020, Company G sold 7.000 units for a total of $1.26 million in revenue. Compared to 2019,2020 had a "sales quantity variance" of 20 11 12 3 14 15 $200,000 F $1,000 U 5 17 18 $200,000 U $1000 F 12 14 15 Question 10 (1 point) A clothing manufacturing company regularly takes product that is "off spec" and sells them at discounted prices in "bargain bin stores". The resultant lost revenue is an example of 17 18 -- joint costs rework costs spoilage costs 99. ntel OPTANE >>> acer MEMORY 9 Question 11 (2 points) In 2019, Company G made 6,000 hats using 12,000 square meters of cloth costing $24,000 in total. In 2020, Company G made 7,000 hats using 12,600 square meters of cloth costing $24,000 in total. Compared to 2019, the cloth usage in 2020 had an "efficiency" variance of 11 12 none of the listed answers are correct 14 15 $2,800U 17 18 $0 $2,800F - 1: 2 3 Company "X" is a retailer who sells shoes. Given the following data & using the "EOQ model" calculate the reorder point monthly sales: 4,000 pairs purchase order lead time: 8 days days open per year: 365 relevant Purchase Order cost: $162.50 per purchase order relevant annual carrying costs: $15.60/pair stockout costs: $48 per stockout safety stock definitely required: 100 pairs 5 6 1 8 9 952 11 12 1,052 14 15 1.252 1,152 17 18