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QUESTION 4 Inventory data at Mega Mart Store is shown in the table below: Normal usage Minimum usage Maximum usage Lead time EOQ A.
QUESTION 4 Inventory data at Mega Mart Store is shown in the table below: Normal usage Minimum usage Maximum usage Lead time EOQ A. i. Calculate the reorder level ii. Calculate the minimum level iii. Calculate the maximum level 400 per day 120 per day 700 per day 30 to 50 days 7000 B. A store manager orders 50,000 chocolates per annum. Each packet of chocolate costs $15 to purchase. If the handling cost of each packet of chocolate is $4, Calculate the Economic Order Quantity (EOQ)?
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Management and Cost Accounting
Authors: Alnoor Bhimani, Charles T. Horngren, Srikant M. Datar, George Foster
4th edition
1405888202, 978-0273711490, 273711490, 978-1405888202
