From the following information, calculate maximum, minimum, and average stock levels In a manufacturing firm, a material is used as follows Calculate (a) reorder level, (b) minimum level, (c) maximum level and (d) average stock level Normal consumption per day 500 kg Minimum consumption per day 200...

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From the following information, calculate maximum, minimum, and average stock levels: In a manufacturing firm, a material

Question:

From the following information, calculate maximum, minimum, and average stock levels: image text in transcribed

In a manufacturing firm, a material is used as follows: image text in transcribed

Calculate

(a) reorder level,

(b) minimum level,

(c) maximum level and

(d) average stock level.

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Step by Step Answer:

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Cost Accounting

ISBN: 9788131759462

1st Edition

Authors: K. Alex

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Question Posted: Sep 19, 2024 07:01 PM

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From the following information, calculate maximum, minimum, and average stock levels: In a manufacturing firm, a material

Question:

Normal consumption per day 500 kg Minimum consumption per day 200 kg Maximum consumption per day 800 kg Lead time 10-16 days Reorder quantity 3,000 kg

Step by Step Answer:

Cost Accounting

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