From the following data, calculate the economic order quantity and the re-order point for Part Z: Working
Question:
From the following data, calculate the economic order quantity and the re-order point for Part Z:
Transcribed Image Text:
Working days in a year Safety stock Lead time Order costs Holding cost Annual consumption Cost per unit 200 400 units 10 days Rs. 300 per order 15% of cost 10,000 units Rs. 10
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
EOQ 2x10000 x Rs 300 15 10 2U X P S 6000000 15 Trial and error ...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
a. SMC recently re-named itself from Silo Manufacturing Corporation to give the impression they were a modern manufacturer. Located in Blacksburg, Virginia, SMC is a regional provider of grain...
-
From the following data about demand for dishwashers, calculate the elasticity of demand from point A to point B, from point C to point D, and from point E to point F. Classify the elasticity at...
-
The Scottish manufacturer Lasim needs to determine the order quantity of a particular wooden table, classified as A-124. The company is currently considering the inventory control of this specialized...
-
Elastic bands are attached to tuning fork 1 ( which was 2 5 6 Hz ) to reduce its frequency. It is sounded again with tuning fork 2 ( 2 5 5 Hz ) , making 1 2 beats in 6 . 0 s . What is the new...
-
Humming Company manufactures high quality musical instruments for professional musicians. The company estimated that it would incur $120,000 in factory overhead costs and 8,000 direct labor-hours for...
-
On Brascans consolidated statement of income, why are group revenues of $13,524,000,000 reported, but only $1,194,000,000 included in the calculation of consolidated net income?
-
16. Describe the difference in a set of financial statements for a governmental university and a private notfor- profit university.
-
In the previous problem, suppose you wanted the option to sell the land to the buyer in one year. Assuming all the facts are the same, describe the transaction that would occur today. What is the...
-
Sydney Retaling (buyer) and Troy Wholesalers (seller) enter into the following transactions May 11 Sydney accepts delivery of $21, cee of merchandise it purchases for resale from Troy: invoice dated...
-
Eats Ltd. supplies a number of products to bakers and confectioners. One of their products consists of packets of cake decorations. The cake decorations are sold in packets of twelve decorations for...
-
The following information is available about a company for the year 2008. The inventory is value @ Rs. 1 per kg or litre. Calculate the material turnover ratio for each of the above materials and...
-
On December 31, 1998, when its Allowance for Doubtful Accounts had a debit balance of \(\$ 1,000\), Lisa Ceja Co. estimates that \(12 \%\) of its accounts receivable balance of \(\$ 60,000\) will...
-
The following information is available for two different types of businesses for the 2011 accounting period. Dixon Consulting is a service business that provides consulting services to small...
-
Marino Basket Company had a \(\$ 6,200\) beginning balance in its Merchandise Inventory account. The following information regarding Marino's purchases and sales of inventory during its 2011...
-
On March 6, 2011, Bob's Imports purchased merchandise from Watches Inc. with a list price of \(\$ 31,000\), terms \(2 / 10, n / 45\). On March 10, Bob's returned merchandise to Watches Inc. for...
-
The following events apply to Tops Gift Shop for 2012, its first year of operation: 1. Acquired \(\$ 45,000\) cash from the issue of common stock. 2. Issued common stock to Kayla Taylor, one of the...
-
Indicate whether each of the following costs is a product cost or a period (selling and administrative) cost. a. Transportation-in. b. Insurance on the office building. c. Office supplies. d. Costs...
-
All other conditions being equal, does a z or t value with larger magnitude have a larger or smaller corresponding P-value?
-
The following information is available for Partin Company: Sales $598,000 Sales Returns and Allowances 20,000 Cost of Goods Sold 398,000 Selling Expense 69,000 Administrative Expense 25,000 Interest...
-
Describe four decisions for which ABC information is useful.
-
Describe four decisions for which ABC information is useful.
-
Describe four decisions for which ABC information is useful.
-
Suppose I have computed the cost of carbon per mile for my car at 0 . 0 1 2 per mile. Assume that the interest rate is 4 % and that I drive the car 2 8 , 0 0 0 miles per year. What is the present...
-
Imagine that in stable growth period, the firm earns ROIC of 10% and has after tax EBIT of 200 and reinvestment $ of 40. What is the steady state growth rate? 20% O 10% 2%
-
Tanner-UNF Corporation acquired as a long-term investment $160 million of 5.0% bonds, dated July 1, on July 1, 2021. Company management has the positive intent and ability to hold the bonds until...
Study smarter with the SolutionInn App