Question: 1. Prepare Cost Sheet from the following. Direct Material Direct Labor Direct Expenses Factory Overheads Office and Administration Overheads Selling and Distribution Overheads RO 160000

1. Prepare Cost Sheet from the following. Direct Material Direct Labor

1. Prepare Cost Sheet from the following. Direct Material Direct Labor Direct Expenses Factory Overheads Office and Administration Overheads Selling and Distribution Overheads RO 160000 52000 19000 45000 28000 33000 2. Following information relating to a type of raw material is available: Annual demand 2,400 units Unit price RO 2,400 Ordering cost per order RO.400 Storage cost: 2 % per annum Interest rate: 10% per annum Calculate EOQ and the number of orders that are required to be placed during the year. 3. The annual demand for red medium polo shirts Wear house LIC, Ruwi is 25,000 units per year. The cost of placing an order in 80.00 and the cost of carrying one unit in inventory for one year is 25. Using the Economic Order Quantity Model, you are required to determine the optimal order size

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