The Michelebob Company manufactures various household appliances. The company found that it required 2,000 units of material

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The Michelebob Company manufactures various household appliances. The company found that it required 2,000 units of material A each year. The inventory carrying cost was 8% of the average inventory value, and the cost of the item per unit was $1.75. The order cost per purchase order for material A is $5. pg693 Required:

Calculate the economic order quantity (EOQ) using the tabular method for the following order sizes: 100, 200, 400, 600, 800, 1,000.

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Cost Accounting Concepts And Applications For Managerial Decision Making

ISBN: 9780070103108

2nd Edition

Authors: Ralph S. Polimeni, James A. Cashin, Frank J. Fabozzi, Arthur H. Adelberg

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