Question
The following data relate to a particular stock item. Normal usage 110 per day Minimum usage 50 per day Maximum usage 140 per day Lead
The following data relate to a particular stock item.
Normal usage 110 per day
Minimum usage 50 per day
Maximum usage 140 per day
Lead time 25-30 days
EOQ (Previously calculated) 5000
calculate the various control levels using the above information.
show your calculations clearly for better understanding.
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Managerial Accounting Tools For Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
9th Edition
111970958X, 9781119709589
