Question: Assignment #2 Inventory Carrying Cost (ICC) Units held in storage for 12 months = 584,000 Value of each unit = $2.22 Interest rate on money

Assignment #2 Inventory Carrying Cost (ICC) Units held in storage for 12 months = 584,000 Value of each unit = $2.22 Interest rate on money borrowed for inv. = 5.875% Warehouse costs per month = $30,000 Insurance costs = $3600 per year Damage factor per year, per unit = $.168 What is the total cost to carry this inventory for one year? Round to whole dollars. What is the ICC per unit for one month? Use 3 decimals. 1 Note: The value of the inventory is NOT an inventory carrying cost. Show your math

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

The beam supports the distributed load shown. Determine the resultant internal loadings on the cross section at points D and E. Assume the reactions at the supports A and B are vertical. 800 lb/ft IB...

Assignment #2 Inventory Carrying Cost (ICC) Units held in storage for 12 months = 584,000 Value of each unit = $2.22 Interest rate on money borrowed for inv. = 5.875% Warehouse costs per month =...

AutoSave OH ta File Home Assign. 2.. Insert Design Layout References Mailings Review View Help MGMT 3352 - Inventory Carrying Cost (ICC) Units held in storage for 12 months = 584,000 Value of each...

Units held in storage for 12 months = 584,000 Value of each unit = $2.22 Interest rate on money borrowed for inv. = 5.875% Warehouse costs per month = $30,000 Insurance costs = $3600 per year Damage...

Complete the ICC: The percentage should be 36% Objective: To demonstrate how inventory carrying cost is calculated. Information: Inventory carrying cost (ICC) is a major logistics cost that reflects...

Objective: To demonstrate how inventory carrying cost is calculated. Information: Inventory carrying cost (ICC) is a major logistics cost that reflects the cost of holding inventory. A unique ICC is...

fill in blanks Determining A, B & C: A Finished product average inventory = 1/2 order quantity + all safety stock. For example, when a warehouse orders and receives shipments of 10 units every 10...

The University of Southern Mississippi College of Science & Technology IET 670 Section: G001 Supply Chain Design & Management Midterm Exam Full Points: 100 Student ID: Name: Closed book closed notes...

1. Increasing the promotional budget for a product in order to increase awareness is not advisable in the short run under which of the following circumstances? Select: 1 Demand in the segment is...

if some one would be able to help me describe Hisco's company using the Strengths, Weaknesses, Opportunities, and Threats (SWOT Analysis) based on the information provided. Also,what the best...

JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per Share Amounts) (Note 1)* 2016 71,890 21,789 50.101 20,067 9.143 2017 76,450 25,439...

Two limestones are shown in microscopic views in Fig. 5.9. Contrast their histories.

Explain the difference between descriptive and inferential statistics.

What are the due dates for the following tax returns ( include the year ) ? Form 1 1 2 0 for calendar year 2 0 2 4 Form 1 1 2 0 for fiscal year ended 5 / 3 1 / 2 4 Form 1 1 2 0 for fiscal year ended...

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes...