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October 26, 2022

Discuss the concept of equivalent units and how that concept relates to management decision making.

Equivalent Units

Using this week’s lecture, discuss the concept of equivalent units and how that concept relates to management decision making. Be sure to include information in your discussion about the weighted-average method in comparison to the FIFO method of accounting for work residing in work-in-process units. Respond to at least two of your classmates’ posts.

DQ2 Economic Order Quantity

Economic Order Quantity (EOQ) [CLOs: 2, 3]. 1st Post Due by Day 3. Using this week’s lecture, answer the following:

What is an (EOQ)?

How is EQQ calculated and what are the underlying assumptions associated with the use of this tool?

From a management perspective, why might the EOQ conflict with a manager’s performance evaluation goals?

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