Economic Order Quantity Refer to the data in Exercise 21-1. Required: 1. Compute the economic order quantity.
Question:
Economic Order Quantity Refer to the data in Exercise 21-1.
Required:
1. Compute the economic order quantity.
2. Compute the ordering and carrying costs for the EOQ.
3. How much money does using the EOQ policy save the company over the policy of purchasing 5,000 plastic housing units per order?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (7 reviews)
1 2 Ordering cost P X DQ 40 X 40000800 2000 Carrying cost CQ2 5 X 8002 2000 To...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Cost Management Accounting and Control
ISBN: 978-0324559675
6th Edition
Authors: Don R. Hansen, Maryanne M. Mowen, Liming Guan
Question Posted:
Students also viewed these Managerial Accounting questions
-
Refer to the data in Exercise 6-16. Assume that Minneapolis' sales by major market Data in Exercise 6-16 The company would like to initiate an intensive advertising campaign in one of the two market...
-
Refer to the data in Exercise 16-16. Prepare a sales activity variance analysis like the one in Exhibit16.4. Flexible Budget Sales Activity (based orn actual activity of 80,000 units) Variance (based...
-
Refer to the data in Exercise 16-22. Prepare a sales activity variance analysis for Data-2-Go like the one in Exhibit16.4. Flexible Budget Sales Activity Master Budget (based on planned (based on...
-
The root cause of underdevelopment and environmental degradation is the overdevelopment of a handful of rich nations. Discuss.
-
Describe simulation questions on the CPA exam?
-
The following table shows hypothetical data from 2013 to 2019 that can be used to compute the change in the debt-to-GDP ratio. The symbols used are as defined in the text. a. Remember from the text...
-
Compensation strategy includes how competitive the organization wants to be, the number of different compensation systems the organization wants to have, the mix of various reward and benefit...
-
Do you believe one party or the other in the proposed transaction would have an advantage if Pettit & Schayes is hired to perform the due diligence and advise both clients on the arrangement?
-
Reflective writing on the topic Global Trade and Covid-19 is required. Subject: International Economic Issues.
-
3.95 Copper tubing is joined to a solar collector plate of thickness t, and the working fluid maintains the tem- perature of the plate above the tubes at T There is a uniform net radiation heat flux...
-
Sullivan, Inc., uses 40,000 plastic housing units each year in its production of paper shredders. The cost of placing an order is $40. The cost of holding one unit of inventory for one year is $5....
-
Inglis Company uses 312,500 pounds of sucrose each year. The cost of placing an order is $30, and the carrying cost for one pound of sucrose is $0.75. Required: 1. Compute the economic order quantity...
-
Determine the force that the smooth roller C exerts on beam AB. Also, what are the horizontal and vertical components of reaction at pin A? Neglect the weight of the frame and roller. Given: M = 60...
-
The average income for households in Town 1 is $65,000 with a standard deviation of $30,000. The average income for households in Town 2 is $60,000 with a standard deviation of $25,000. Suppose a...
-
A Tesla salesperson knows that the probability of selling a Model S car is 1 0 % , selling a Model 3 is 3 0 % , and selling a Model X is 1 0 % . What is the probability of selling both Model X and...
-
Professor Pinkard gives a physics test consisting of 40 questions. A student's grade is determined by the function g(x) = 2x + 20 where x is the number of correct answers and g(x) is the student's...
-
If X is a random variable with mean 1 and variance 4, (i) what is the mean and variance of Y= 0.5(x-1)? (ii) Show that E(x)=3. Suppose you are given the following probability distribution of X: X...
-
Given cos 2x = 12 13' sinx = 0 Find sin- if tan 0= 2 8 15' 2x in III, find sin x. O in Quadrant I
-
The following picture helps you obtain the probability that events A, B, and C, happen jointly. Write down the formula for obtaining P(ANBNC).
-
Dawson Companys balance sheet information at the end of 2019 and 2020 is as follows: Additional information: The company did not issue any common stock during 2020. Required : Next Level Fill in the...
-
Use a computer-based logic minimization program to design the instruction decoder for a RISC from Table 10-3. Create an HDL model of your design and verify its correctness in simulation. Table 10-3...
-
SailAway has changed its product line from general paints to specialized marine coatings, which has caused overhead costs to double. Costs affected include customer service, production scheduling,...
-
Hospital has been under increasing pressure to be accountable for its patient charges. The hospitals cur-rent pricing system is ad hoc, based on pricing norms for the geographical area; only direct...
-
McNeil Office makes standard metal five-drawer desks. Occasionally, the company takes custom orders. McNeils overhead costs for a month in which no custom desks are produced are as follows:...
-
Two point charges with values of 4.0 microcoulombs and 6.0 microcoulombs, respectively. One of them was placed at the coordinate center and the other at the point (0.5 m,0 m) in the x,y plane. Find...
-
A 300 L tank full of air needs to be drawn to vacuum using a vacuum pump. The air can be considered an ideal gas. The molecular weight of air is 29 g/mol. Initially the tank is at atmospheric...
-
You DRY STOP BUS DEEP PUDDLE V= 1.71 M/S 6 METERS VERY WET DRY 10.4 METERS V=2.4 M/S 1. Note the information on the diagram. You must be on time for a very important office presentation that will...
Study smarter with the SolutionInn App