Oliver Enterprise Ltd has provided the following stock and costs for the month of August Annual requirements 5,787 units Cost of placing one order $37 Annual cost of carrying one unit $1 8 Cost per unit of carrying insufficient stock $2 5 Compute the economic order quantity (EOQ) based on the information provided

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 25, 2024

Oliver Enterprise Ltd has provided the following stock and costs for the month of August: Annual requirements 5,787 units Cost of placing one order $37

Oliver Enterprise Ltd has provided the following stock and costs for the month of August:
Annual requirements	5,787 units
Cost of placing one order	$37
Annual cost of carrying one unit	$1.8
Cost per unit of carrying insufficient stock	$2.5

Compute the economic order quantity (EOQ) based on the information provided.

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 Cost Accounting A Managerial Emphasis

Authors: Rajan Datar, Srikant M. Datar

16th Edition

9352860195, 978-9352860197

More Books

Students also viewed these Accounting questions

Question

★★★★★

Given the following information, construct the firms balance sheet: Cash and cash equivalents..............$ 300,000 Accumulated depreciation on plant and equipment....800,000 Plant and...

Answered: 1 week ago

Question

★★★★★

Suppose that a statistician wants to test the hypothesis that the mean of a normally distributed population is .536 against the alternative that the mean is not equal to .536. He decides to use a =...

Answered: 1 week ago

Question

★★★★★

a. What is the name of the university?

Answered: 1 week ago

Question

★★★★★

Lemmon Co.'s March 31 inventory of raw materials is $170,000. Raw materials purchases in April are $310,000, and factory payroll cost in April is $224,000. Overhead costs incurred in April are:...

Answered: 1 week ago

Question

★★★★★

Using a numerical example, show how an FIs portfolio manager can hedge foreign exchange risk via a forward contract.

Answered: 1 week ago

Question

★★★★★

519 ook Shake Shack Incorporated, which began as a hot dog stand in 2001, now has more than 200 locations worldwide. The following is adapted from Shake Shack's financial statements for the quarter...

Answered: 1 week ago

Question

★★★★★

Imagine that you are an innovation consultant. You are facing the task of helping enhance the STARBUCK Coffe Company innovation activities through open and collaborative innovation.b.Suggest some...

Answered: 1 week ago

Question

★★★★★

Case- Code Red- Healthcare.gov SETTING THE STAGE .... What is healthcare.gov and what was the issue? THE DASHBOARD .... What did it look like? Why is it important? How healthy was it? The ROLLOUT...

Answered: 1 week ago

Question

★★★★★

You are the manager of a busy insurance office. Last year's abnormal winter gales led to an exceptionally high level of insurance claims for house damage caused by strong winds, and you had...

Answered: 1 week ago

Question

★★★★★

Source - https://timesofindia.indiatimes.com/nri/us-canada-news/top-south-african-indian-origin-businessmanarrested-for-gupta-linked-fraud-and-corruption/articleshow/83217574.cms) Question 3 (25...

Answered: 1 week ago

Question

★★★★★

- Explain customer service (key term of customer service) at a Five-Star Hotel in general. - The situation's current link (why) and Find the problems (how the five-star react in detail and what is...

Answered: 1 week ago

Question

★★★★★

=+3. When considering an investment in a mutual fund, would you consider the social responsibility of the companies in which the fund invested?

Answered: 1 week ago

Question

★★★★★

=+1. Do you own any shares of a company? If so, do you vote at the companys annual general meeting (either in person or by proxy)? Is it important for shareholders to be actively involved with the...

Answered: 1 week ago

Question

★★★★★

=+2. What are your thoughts about the UK legislation (outlined above) that requires companies to produce a remuneration report every year, which then must be voted on at the AGM? Is it a good idea or...

Answered: 1 week ago

Previous Question Next Question