Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 1 The following information are relating to a firm: Reorder order period Normal consumption Minimum usages Maximum usages Calculate: i)reorder level ii) minimum

image text in transcribedimage text in transcribed

Question 1 The following information are relating to a firm: Reorder order period Normal consumption Minimum usages Maximum usages Calculate: i)reorder level ii) minimum stock level 8 to 12 weeks 500 units a day 400 units a day 600 units a day Question 2 Material consumption details are: Normal Consumption. Reorder period Minimum consumption Maximum consumption Calculate: i) Reorder level 9000 units per week 4-6 weeks 6000 units per week 12000 units per week Minimm stock level entory control worksheet - Word References kavanna h AaBbCcD AaBbCcD AaBbC AaBbCcE AaB Normal IT No Spac... Heading 1 Heading 2 Title Search Mailings Review View Help A & EVENT Layout Aa Paragraph 7 Question 3 A firm provides the following information: Annual requirement 30 000 units Carriage inward order $300 Cost price per unit $8 Holding costs SS $5 Styles > "> Calculate the economic order quantity. Question 4 In a company, weekly minimum and maximum consumption of material A are 25 units and 75 units respectively. The re-order quantity is fixed by the company at 300 units. The material is received within 4 to 6 weeks. Calculate: 1) Reorder level 11) Maximum stock level of material A d States) a hp W DFC

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Numerical Analysis

Authors: Richard L. Burden, J. Douglas Faires

9th edition

538733519, 978-1133169338, 1133169333, 978-0538733519

Students also viewed these Accounting questions

Question

Find the following z-scores. a. z0.03 b. z0.005

Answered: 1 week ago