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Can someone help me with this cost control problem? There are 3 problems to be solved. See file attached for info. Problem 1 Complete the
Can someone help me with this cost control problem?
There are 3 problems to be solved.
See file attached for info.
Problem 1 Complete the following perishable product quotation/call sheet. Indicate the preferred supplier: a. If each item is purchase item is purchased from the supplier quoting the lowest price for that item. b. If all items are purchase from the supplier submitting the lowest total price quotation (suppliers A and B will provide a tree-percent discount if all products are purchased from them). Explain any special concerns you may have about the price quotations. Item Lettuce Spinach Cabbage Escarole Needed 12 cases 6 cases 4 cases 7 cases Amount On Hand 4 cases 1 cases 1 cases 3 cases Order Supplier 1 2 $19.90 cs = $21.10cs= $23.40cs = $20.10 cs = $12.90 cs = $9.80 cs = $27.50 cs = $21.00 cs = 3 $18.90cs= $24.10 cs= $11.15 cs = $29.50 cs= Total Problem 2 Use the information below to answer the following questions: Purchase unit = Usage rate = Order period = Lead time = Safety level = 10-lb poly bag (ground beef) 170 lb per day 4days 1 day 1 day a. How many pounds should be ordered at the order point? How many 10-pound poly bags should be purchased? b. The order is placed when there are 390 pounds available. How many purchase units should be order? c. What is the usage rate in the four-day order period? d. How many 10-pound poly bags are used daily and during the order period? e. How many purchase units are include in lead time and safety level factors? f. What is the maximum number of pounds to be available? g. How many purchase units should be purchased at the order point? Problem3 The following information is provided on delivery invoice. Use this information to answer the following questions: Item Ground Beef Green Beans Tomato Sauce Shrimp Ordered 25 12 6 6 Pack 10lb 6 # 10cs 6 # 10 cs 10 5-lb cs Weight (lb) 250 lb 300lb Unit Price $2.30 $28.10 $26.75 $8.45 Amount a. What is the total amount due? b. The sharp-eyed employee who received the order noticed the following: Only 23 10-pound bags or ground beef were received. One case of green beans appeared damaged ( the corner of the case was crushed; the cardboard case looked like it had been wet and then had dried). There were 7 case of tomato sauce. There were only 5 case (10-5lb) of shrimp. What is the amount that should be entered on the request-for-credit memo? What is the adjusted amount of the delivery invoice? c. The supplier will give a 10-percent discount if the invoice is paid within 10 days. What is total amount of the invoice to be paid, assuming that this discount is takenStep by Step Solution
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