Question
A company usually holds 300 pounds of wax in its warehouse. The company uses 50 pounds of wax per day and it takes 9
A company usually holds 300 pounds of wax in its warehouse. The company uses 50 pounds of wax per day and it takes 9 days for wax purchased from the supplier to arrive. The holding cost for wax is $0.4 per pound per day. What is the company's average holding cost (per pound for wax)? Note: Round your answer to 2 decimal places.
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Accounting Information System
Authors: James A. Hall
7th Edition
978-1439078570, 1439078572
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