The Katoomba Furniture company produces a specialty dining table, and has the following information available concerning its inventory items. Relevant ordering costs per purchase order: $250; Relevant carrying costs per year - (Required annual return on investment 10%; Required other costs per year $14.00). Annual demand is 1000 tables per year. The purchase price per table is $1600. What is the economic order quantity (EOQ)?

a.100 units

b.75 units

c.54 units

d.150 units

In which perspective of the balanced scorecard, reported COQ numbers are affected for making improvements in internal business processes?

a.Learning

b.Customer

c.Financial

d.Internal process

In managing inventory, what are the costs of goods acquired from suppliers including incoming freight or transportation costs known as ?

a.Stockout costs

b.Ordering costs

c.Carrying costs

d.Purchasing costs