Following information relating to a type of raw material is available: Calculate EOQ and total inventory cost
Question:
Following information relating to a type of raw material is available:
Calculate EOQ and total inventory cost in respect of the particular material.
Transcribed Image Text:
Annual demand Unit Price Ordering cost Storage cost Interest rate Lead time 2,400 units Rs. 2.40 Rs. 4 per order 2% p.a. 10% Half month
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Hemstone Ouma
"Hi there! My name is Hemstone Ouma and I am a computer scientist with a strong background in hands-on experience skills such as programming, sofware development and testing to name just a few. I have a degree in computer science from Dedan Kimathi University of Technology and a Masters degree from the University of Nairobi in Business Education. I have spent the past 6 years working in the field, gaining a wide range of skills and knowledge. In my current role as a programmer, I have had the opportunity to work on a variety of projects and have developed a strong understanding of several programming languages such as python, java, C++, C# and Javascript.
In addition to my professional experience, I also have a passion for teaching and helping others to learn. I have experience as a tutor, both in a formal setting and on a one-on-one basis, and have a proven track record of helping students to succeed. I believe that with the right guidance and support, anyone can learn and excel in computer science.
I am excited to bring my skills and experience to a new opportunity and am always looking for ways to make an impact and grow as a professional. I am confident that my hands-on experience as a computer scientist and tutor make me a strong candidate for any role and I am excited to see where my career will take me next.
5.00+
8+ Reviews
23+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Following is the information relating to a type of material: Annual demand 2,400 units Unit price Rs. 2.40 Ordering cost per order Rs. 4.00 Storage cost 2% p.a. Interest rate 10% p.a. Lead time Half...
-
Required Information The Foundational 15 (Algo) (LO13-2, LO13-3, LO13-4, LO13-5, LO13-6] [The following information applies to the questions displayed below] Cane Company manufactures two products...
-
THE COMPANY: Aylmer Industries Inc. (Aylmer) has been in business since Y4. Aylmer has two main business segments. This first segment is the construction of large-scale projects. In Y7, Aylmer had...
-
A bank reconciliation takes time and must balance. An employee was struggling in balancing the bank reconciliation. Her supervisor told her to plug (make an unsupported entry for) the difference,...
-
Solve each of the following equations. a. x 1/4 x = 15 b. x + 5/8 x = 26 c. 2/3 x 1/4 = -7/4 5/6 x d. 5/3 2/5x = 1/6 x 1.30 e. 3/4 x + 4 = 113/24 2/3 x
-
A common method for analyzing for the nickel content of a sample is to use a precipitation reaction. Adding the organic compound dimethylglyoxime to a solution containing Ni 2+ ions precipitates a...
-
On January 1,2009, Brendan, Inc., reports net assets of $760,000 although equipment (with a four- year life) having a book value of $440,000 is worth $500,000 and an unrecorded patent is valued at...
-
Place the following activities in order from first to last to illustrate the capital budgeting process: a. Budget capital investments b. Project investments cash flows c. Perform post- audits d. Make...
-
Suppose that Amazon uses a periodic inventory system and reports the following for the month of June: \ table [ [ Date , Explanation,Units,Unit Cost,Total Cost ] , [ June , 1 , Inventory, 2 2 5 , $ 4...
-
A fi rm is able to obtain quantity discount on its order of material as follows: The annual demand for the material is 4,000 tonne. Stock holding costs are 20% of material cost per annum. The...
-
The following relates to inventory costs for ABC Ltd (i) Orders must be placed in multiples of 200 units. (ii) Requirements for the year are 4,00,000 units. (iii) The purchase price per unit is Rs....
-
If f(x, y) = x(x 2 + y 2 ) -3/2 e sin (x - y) find f x (1, 0).
-
Service provides commercial and industrial appraisals and feasibility studies. On January 1 , the assets and liabilities of the business were the following: Cash, \(\$ 8,700\); Accounts Receivable,...
-
Sketch the mapping of the value chain for: a A consulting firm b An airline c A trading firm d A corporate and investment bank e An internet-based platform (e.g. Airbnb, Netflix)?
-
Red River Banking Company has ten automatic i) AND teller machines (ATMs) spread throughout the city maintained by the ATM Department. You have been assigned the task of determining the cost of...
-
Super Day Spa provided \(\$ 120,000\) of services during 2012. All customers paid for the services with credit cards. Super submitted the credit card receipts to the credit card company immediately....
-
The following data represent the height of 26 statistics students as measured in inches: a. Create a frequency table for these data. b. Create a histogram for these data with an interval width of 1...
-
Which is more important the current yield or the yield to maturity of a bond?
-
Ball bearings are widely used in industrial applications. You work for an industrial food machinery manufacturer and your role is to design the driveshaft assembly on a new type of equipment that...
-
You would like to have a balance of $600,000 at the end of 15 years from monthly savings of $900. If your returns are compounded monthly, what is the APR you need to meet your goal?
-
Explain the importance of covariance and correlation between assets and understanding the expected value, variance, and standard deviation of a random variable and of returns on a portfolio.
-
On August 1 , 2 0 2 3 , Mark Diamond began a tour company in the Northwest Territories called Millennium Arctic Tours. The following occurred during the first month of operations: Aug. 1 Purchased...
Study smarter with the SolutionInn App