Question
a)The following information is given for material Y-20. Consumption: Annual = 360,000 units Maximum = 1,200 units/day Minimum = 800 units/day Normal = 900 units/day
a)The following information is given for material Y-20.
Consumption:
Annual = 360,000 units
Maximum = 1,200 units/day
Minimum = 800 units/day
Normal = 900 units/day
Re-order period = 12 - 24 days
Re-order quantity = 32,000 units
Required:
i)Re-order level.(3 marks)
ii)Minimum stock level.(3 marks)
iii)Maximum stock level(3 marks)
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Managerial Accounting
Authors: Carl S Warren, James M Reeve, Jonathan Duchac
12th Edition
1133952402, 978-1133952404
