SK Enterprise manufactures a special product ZE. The following particulars were collected for the year 2004: Required:
Question:
SK Enterprise manufactures a special product “ZE”. The following particulars were collected for the year 2004:
Required: (i) Re-order quantity (ii) Re-order level (iii) What should be the inventory level (ideally)
immediately before the material order is received?
Transcribed Image Text:
Annual consumption Cost per unit Ordering cost Inventory carrying cost Normal lead time Safety stock 12,000 units (360 days) 21 12 per order 24% 15 days 30 days consumption
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i Reorder quantityEOQ Carrying cost per unit c 12000 units X 02412000 units 024 ...View the full answer
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Related Book For
Management Accounting Text Problems And Cases
ISBN: 9781259026683
6th Edition
Authors: M Y Khan, P K Jain
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