Order Point. Rider Company has obtained the following costs and other data pertaining to one of its
Question:
Order Point. Rider Company has obtained the following costs and other data pertaining to one of its materials: LO2 Orderquantity. 1,500 units Normal use perday. 500 units Maximum use perday. 600 units Minimum use perday. 100 units Leadtime. 5 days Required: Compute the following:
(1) Safety stock (maximum)
(2) Order point
(3) Normal maximum inventory
(4) Absolute maximum inventory
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Related Book For
Cost Accounting
ISBN: 9780538828079
11th Edition
Authors: Lawrence H. Hammer, William K. Carter, Milton F. Usry
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