Question: Match the following cost elements to the appropriate cost type Choose between Carrying(Holding) costs or Order Costs for each question. 1. Cost to inspect the

Match the following cost elements to the appropriate cost type

Choose between Carrying(Holding) costs or Order Costs for each question.

1. Cost to inspect the material upon receipt

2. Cost to transport the material ordered

3. Insurance cost

4. Cost of capital

5. Taxes on inventory

6. Storage cost

7. Cost to prepare purchase order

8. Obsolescence cost

9.Material handling cost

10. Cost to pay the supplier invoice

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!

Q:

b) Van Parijs and Froment, 1986 proposed the following reaction kinetics for butane hydrogenation on r sites (butene + hydrogen butane). kPBPH 0.5 -TB= (1+ KPH5+ KPA + KPB) Where B-butene, H-hydrogen...

Q:

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

Q:

Can anyone help me with this or already have the solution this whole Finance Workbook for Madura Personal Finance, Third Edition by Jeff Madura BUILDING YOUR OWN FINANCIAL PLAN WORKBOOK INDEX Chapter...

Q:

I need Chapter 2 & 3 finished. Chapter 4 & 5, Chapter 6 & 7, & Chapter 8. Some of this is completed, but it isn't 100% finished. Let me know if you can get to it. Personal Finance, Fifth Edition by...

Q:

Match the following cost elements to the appropriate cost type Carrying ( or Holding ) cost Carrying ( or Holding ) cost Cost to inspect the material upon receipt Cost to prepare a purchase order...

Q:

Match the following cost elements to the appropriate cost type Insurance cost Obsolescence cost Cost to inspect the material upon receipt Cost to prepare a purchase order Storage cost Cost to...

Q:

Problem 1 The following list of accounts and their balances represents the unadjusted trial balance of Alt Company at December 31, 2012: Cash $ 29,090 Equity Investments (trading) 60,000 Accounts...

Q:

Intermediate Financial Reporting journal entry on the investor's books will include a debit to the Investment account Intermediate Financial Reporting-I b. credit to Retained E credit to the...

Q:

hello, need help with a accounting quiz I have attached: 1) quiz 2)pdf files CH. 18- CH 21 Chapter 18 \"Managerial Accounting Concepts/Job Costing\" from Accounting Principles: A Business...

Q:

Standard Cost and Variance Analysis ACC/400 Version 2 University of Phoenix Material Standard Cost and Variance Analysis Complete this matrix by providing at least 2 reasons why you agree and 2...

Q:

Standard Cost and Variance Analysis Complete this matrix by providing reasons why you agree and disagree with each of the following author?s statements (shown on page 17 of the ?Standard Cost and...

Q:

Financial statements are written records that convey the business activities and the financial performance of a company. Financial statements are often audited by government agencies, accountants,...

Q:

There are 4 different algorithms A1, A2, A3, A4 to solve a given problem with the order log(n), log(log(n)), n log(n), n*n respectively. Which is the best algorithm? O A1 O A2 O A3 O A4 2 points

Q:

Find lim x 5 x 2 - 3 x 1 2 x 4 x 2 5 ( a ) 0 ( b ) 4 5 ( c ) 5 4 ( d ) does not exist ( e ) 5 2

Q:

Suppose all firms in a perfectly competitive and zero-fixed-cost industry previously in its long-run equilibrium are now receiving an upfront subsidy from the US government. Please use a graphic tool...

Q:

What was Marble Comics' total debt ratio is 2015? Marble Comic Group 2015 Statement of comprehensive income (S in millions) Net sales Less: Cost of goods sold Less: General & adm. expenses Less:...

Q:

Calculate the current ratio given the following information: cash = $12,000; total current assets = $28,000; cash ratio = 0.375.

Q:

Determine the reaction forces at A and B. Follow the sign convention. 25KN 8KN/m Sign Convention 45 A 1m 1m 2m

Q:

Locate the centroid of the composite area below. Y 50 mm 80 mm R=50mm 250mm R=65mm -- X 50 50 mm mm

Q:

Design a minimum-mass symmetric three-bar truss (the area of member 1 and that of member 3 are the same) to support a load P, as was shown in Fig. 2.9. The following notation may be used: Pu = P cos...

Q:

1. What physiological changes explain the biphasic effect of alcohol? How can the biphasic effect lead adolescents to binge drink?

Q:

2. Charlie is a 17-year-old high school student. Charlie drinks beer and other alcoholic beverages at parties with friends. He has also used marijuana on several occasions with friends during social...

Q:

MDFT is effective in reducing adolescent substance use problems. It addresses (a) the adolescents substance use, (b) parenting behavior, (c) the quality of parent adolescent interactions, and (d)...