Question
ABC company makes 55 orders of chairs in a year and orders 814 chairs each time. The fixed order costs are $700.2 per order and
ABC company makes 55 orders of chairs in a year and orders 814 chairs each time. The fixed order costs are $700.2 per order and the carrying cost per unit is $88.43. The chairs are sold out before they are restocked. What are the shortage costs if the company orders the optimal quantity (Economic Order Quantity)?
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Managerial Accounting
Authors: John J. Wild, Ken W. Shaw
2010 Edition
9789813155497, 73379581, 9813155493, 978-0073379586
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