A small Canadian furniture manufacturer has been importing some components, for use in its dining room...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A small Canadian furniture manufacturer has been importing some components, for use in its dining room furniture, from the southern US because it believed that the volumes were too low to justify setting up and producing the components in its Canadian plant. The order placing cost is $500, demand is 180 components per month and inventory carrying cost is 30% per year. The manufacturer has three suppliers in the US with the following data Supplier Min. quantity Cost per component 1 2 3 0 500 1200 $180 $160 $155 What is the total cost of ordering from Supplier 2 (round your answer to the nearest integer)? A small Canadian furniture manufacturer has been importing some components, for use in its dining room furniture, from the southern US because it believed that the volumes were too low to justify setting up and producing the components in its Canadian plant. The order placing cost is $500, demand is 180 components per month and inventory carrying cost is 30% per year. The manufacturer has three suppliers in the US with the following data Supplier Min. quantity Cost per component 1 2 3 0 500 1200 $180 $160 $155 What is the total cost of ordering from Supplier 2 (round your answer to the nearest integer)?
Expert Answer:
Answer rating: 100% (QA)
Before computing computing total ordering cost we EOQ Compute need to ... View the full answer
Related Book For
Auditing Assurance Services and Ethics in Australia an Integrated Approach
ISBN: 978-1442539365
9th edition
Authors: Alvin A Arens, Peter J. Best, Greg Shailer, Brenton Fiedler
Posted Date:
Students also viewed these accounting questions
-
A machine produces components for use in cellular phones. At any given time, the machine may be in one, and only one, of three states: operational, out of control, or down. From experience with this...
-
The Windshield division of Jaguar Co. makes windshields for use in its Assembly division. The Windshield division incurs variable costs of $200 per windshield and has capacity to make 500,000...
-
The Windshield division of Jaguar Co. makes windshields for use in its Assembly division. The Windshield division incurs variable costs of $200 per windshield and has capacity to make 500,000...
-
In the figure shown the block is given along the block Small of the displacement 's motion system is lying on table). of the a spring 3.. Equation_
-
Based on Walmarts success in the United States, many expected the company to quickly dominate the British market after it bought the Asda grocery chain in 1999. That did not happen; Walmarts market...
-
Assume the same information as in P10.10, except that the hedged item is a firm commitment, and the forward contract was designated as a fair value hedge of the foreign exchange risk of a firm...
-
On January 2, 2018, The Register, a science and technology news site based in Britain, published an article revealing the existence of two major bugs leaving virtually all computers and smartphones...
-
Bavarian Chocolate Company processes chocolate into candy bars. The process begins by placing direct materials (raw chocolate, milk, and sugar) into the Blending Department. All materials are placed...
-
You need your client to send you a copy of a paper receipt so that you can match it to a gas expense in their QuickBooks Online. You create a client request and add a screenshot of the expense entry...
-
A Randomization Distribution for Mercury Levels in Fish Use StatKey or other technology to create the randomization distribution for the situation in Exercise B.48. Use the distribution to calculate...
-
Question 01: A rowing team consists of four rowers who weigh 152, 156, 160, and 164 pounds. Find all possible random samples with replacement of size two and compute the sample mean for each one. Use...
-
You are required to prepare a balance sheet for P Dumont as at 31 August 2022, using the accounting equation in figure 3.12. Bank Assets Inventory Premises $ 10 290 6 490 45 000 61 780 = =...
-
On 31 March 2022, L Cowal purchased a new computerised machine costing, before trade-in, $27 500 ($25 000 + $2500 GST). The old machine had cost $18 000 and the accumulated depreciation was $7800 to...
-
J Ingenuity purchased two machines for cash on 2 January 2021. Machine 1 cost $8800 ($8000 + $800 GST) and is depreciated at 25% p.a. diminishing balance. Machine 2 cost $11 000 ($10 000 + $1000 GST)...
-
On 1 February 2022, the business purchased on credit and had installed machine 1 for $19 371 ($17 610 + $1761 GST) with a residual value $990 ($900 + $90 GST). The diminishing balance depreciation...
-
On 30 November 2021, a motor vehicle was purchased for cash $45 738 ($41 580 + $4158 GST) with an estimated residual value of $5038 ($4580 + $458 GST) and was to be depreciated using the diminishing...
-
The attached file includes Facebook's quarterly cash flows September 2013 through September 2020. Your job is to analyze the firm's free cash flow and build a forecasting model for Facebook's...
-
Solve for the equilibria of the following discrete-time dynamical systems Pr pt+1 = Pr+2.0(I-Pr)
-
Explain the appropriate type of audit report when a significant uncertainty exists.
-
Describe what is meant by a 'performance audit'.
-
North Queensland Supply Company Ltd is a medium-sized distributor of wholesale hardware supplies. It has been a client of yours for several years and has instituted excellent internal controls for...
-
When the price of ketchup rises by 18 percent, the demand for hot dogs falls by 2 percent. a. Calculate the cross-price elasticity of demand. b. Are the goods complements or substitutes? c. In the...
-
Would you expect a shift in supply to have a greater effect on equilibrium quantity in the short run or in the long run? Explain your answer.
-
Why isnt the combination of consumer and producer surplus maximized if there is either excess demand or supply?
Study smarter with the SolutionInn App