Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 07, 2024

NNKO LTD believes it will sell 3 0 , 0 0 0 tables this coming year. Note that this figure is for annual sales. The

NNKO LTD believes it will sell

30, 000

tables this coming year. Note that this figure is for

annual sales. The inventory manager plans to order tables thirty times over the next year.

The carrying cost is

8

per table per year. The order cost is

100

per order

Calculate the Economic Order Quantity for the tables, and the total inventory

costs.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

Horngrens Accounting

Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood

10th Canadian edition Volume 2

978-0134213118, 134213114, 133855384, Google Book, 978-0133855388

More Books

Students also viewed these Accounting questions

Question

★★★★★

Recently, two analysts just out of college have joined your systems analyst group at the newly formed company, Mega Phone. When talking to you about the group, they mention that some things strike...

Answered: 1 week ago

Question

★★★★★

5. How does a receiving clerk know if the foods stored at ambient temperature or in the refrigerator or freezer are being stored correctly and safely?

Answered: 1 week ago

Question

★★★★★

Describe methods for training clinical psychologists in cultural issues.

Answered: 1 week ago

Question

★★★★★

A stream of air enters a 7.50-cm ID pipe at a velocity of 60.0 m/s at 27C and 1.80 bar (gauge). At a point downstream, the air flows through a 5.00 cm ID pipe at 60C and 1.53bar (gauge). What is the...

Answered: 1 week ago

Question

★★★★★

On March 31, 2023 the bank account in the general ledger of Marcel Inc. showed a balance of $12,950.00 The bank statement, on the same date, showed a balance of $14,780.00. A comparison of the...

Answered: 1 week ago

Question

★★★★★

Water Sport Inc. manufactures a small personal water tube used for children learning to swim. Management is now preparing detailed budgets for the third quarter, July through September, and has...

Answered: 1 week ago

Question

★★★★★

Your company has an on-premises Active Directory domain named contoso.com and a Microsoft 365 E5 subscription. You need to implement Microsoft Entra Connect cloud sync. What should you create first?...

Answered: 1 week ago

Question

★★★★★

Using the method analysis described in the textbook, defend the new change implementation process and the rationale for the change of method.

Answered: 1 week ago

Question

★★★★★

YOUR TASK As a Marketing Consultant, advice John Samson by preparing a strategic marketing plan to the Board to position HHRE as the market leader and a viable venture in the real estate business....

Answered: 1 week ago

Question

★★★★★

Question No. 4. A 5-star hotel has 200 rooms that has historically charged one set of prices for its room, which was Rs. 5000 per night. The variable cost for one room includes cleaning,...

Answered: 1 week ago

Question

★★★★★

Linux Systems Administration In this module's class activities, you acted as a system administrator in order to troubleshoot a malfunctioning Linux server. The senior administrator was quite pleased...

Answered: 1 week ago

Question

★★★★★

one Consider a firm with the following production function: (, ) = ... The price of labour (L) is GHS 4 per unit while the price of capital (K) is 5 per unit. For parts (a) - (e) assume that this...

Answered: 1 week ago

Question

★★★★★

HGW Limited produces a product called a Lexton. The standard selling price and the manufacturing costs of this product are as follows: Standard selling price per unit 86 Standard production costs:...

Answered: 1 week ago

Question

★★★★★

Hedges Ltd has fixed costs of 8,000. The variable costs are 4 per unit. The revenue (selling price) is 6 per unit. You are required (i) to draft a schedule as follows filling in the columns (a) to...

Answered: 1 week ago

Question

★★★★★

Cover up the schedule you constructed as your answer to 44.1(/) and look instead at the breakeven chart constructed as the answer to 44.1(ii). Answer the following: (a) What are the total costs at...

Answered: 1 week ago

Previous Question Next Question