Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Flint Inc uses 81 kilograms of material Xper year. Material Xcosts $35.00 per kilogram. It costs $1.90 to place an order and $3.80 per kilogram

image text in transcribed
Flint Inc uses 81 kilograms of material Xper year. Material Xcosts $35.00 per kilogram. It costs $1.90 to place an order and $3.80 per kilogram to store material X. Currently, Flint is ordering material X in 13-kilogram batches. Is this the most economical order size? If not, what is the economic order quantity? How much will Flint save by using the EOQ? (Round answers to 2 decimal places, es. 125.74) Economic order quantity kilograms Flint will save $ per year e Textbook and Media

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Essentials For Hospitality Managers

Authors: Chris Guilding

3rd Edition

0415841097, 978-0415841092

More Books

Students also viewed these Accounting questions

Question

For any events A and B in a sample space, we have (A B) = AB.

Answered: 1 week ago