Question: QUESTION 5 (20 Marks) 5.1 Ford expects to sell approximately 2000 cars per month during 2020. The estimated cost of placing an order for the

QUESTION 5 (20 Marks) 5.1 Ford expects to sell approximately 2000 cars per month during 2020. The estimated cost of placing an order for the car is R22. The inventory holding cost of one Bugatti car is R5. Required: Calculate the annual economic order quantity using the necessary formula? (5 marks) 5.2 Use the following transactions for Tata Limited to complete the table below which will indicate the value of the closing stock using the First- in- first out method. This stock consists of a component used in production of the final product. (15 marks) December Transactions Number of units and cost 01 Opening inventory 120 units @ R9 per unit 08 Purchased from supplier 300 units @ R10 12 Issued to production 220 units 19 Returned to supplier 50 units (purchased on 08 December) 22 Purchased from supplier 150 units @ R12 28 Issued to production 250 units

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 Finance Questions!

1 MVSMC 2 Statement of Cash Flows (Indirect Method) 3 For the Year Ended December 31, 2023 Input the shaded areas only 4 5 December 31, 2023 6 Net income (loss) $ 7 Adjustments to reconcile net...

QUESTION 1 (20 Marks) Agro Tech Corporation is considering investing in a new IT system for selling to its clients. The company has identified two new possible systems, which would be suitable for...

file:///C/Users/ody/Downloads/Generic%20Management%20Accounting%20Final.pdf QUESTION 5 (20 Marks) 5.1 Ford expects to sell approximately 2000 cars per month during 2020. The estimated cost of placing...

please help its due 2day @ 12 (20 Marks) QUESTIONS 5.1 Ford expects to sell approximately 2000 cars per month during 2020. The estimated cost of placing an order to the car is R22. The inventory...

5.1 Ford expects to sell approximately 2000 cars per month during 2020. The estimated cost of placing an order for the car is R22. The inventory holding cost of one Bugatti car is R5. Required:...

Instructions: All answers must be typed in and workings must be shown QUESTION 5 5.1 Ford expects to sell approximately 2000 cars per month during 2020. The estimated cost of placing an order for the...

5.1 Ford expects to sell approximately 2000 cars per month during 2020. The estimated cost of placing an order for the car is R22. The inventory holding cost of one Bugatti car is R5. Required:...

Answer ALL questions in this paper. [100 MARKS] QUESTION 1 (20 Marks) REQUIRED Refer to the extract below and suggest strategies that an enterprise can use to manage its cash and overdrafts...

Create a folder named Nested IfLoopProgram 02. Copy the StatePark.java file from the Nested IF Program 02 folder. Paste it in the new folder. Open the java file and edit the public line to...

What is the difference between an interval scaled variable and a ratio scaled variable?

The goal of auditing is to monitor the actions of agents to decrease

Choose two companies from the same industry: one that is struggling and one that is successful (example: USPS and Fed Ex). Provide a link to each companys website. For each company, list every...

Efforts to pass health care reforms are not new. Strategic use of mass media messaging to build support for changes to the U.S. health care system has been employed as far back as the early 1900s....

Assume you have $100,000 to invest. Using the EXCEL spreadsheet on Black Board; based on your age and rick tolerance, build a portfolio. Include its mutual fund symbol so I may look it up. Use...

Financial ratio data is listed below for Gallery of Dreams. Analyzing these ratios (15marks) and comment on overall efficiency of the company (5 marks). Gallery of Dreams Ratios Ratio Industry 2018...

You have been asked to consider areas identified for further improvement when undertaking future planning. What are some of the areas that organizations need to take into consideration when planning...

Estudio de caso Problemas de comunicacin con un fabricante brasileo de autopartes El sol brasileo caa con fuerza sobre el asfalto mientras Alessandro Silva y Agosto Ventura se encontraba dentro del...

1 D o you think the WorkOut technique could work in isolation, or does it need to be implemented in line with other culture change processes? Give reasons for your answer When Patrick OSullivan...

2 What aspects of an organisational culture would be supportive of TQM? Bosch, a supplier of car components and electronic products to many of Europes leading car manufacturers, introduced TQM when...

1 What would you see as being the advantages and disadvantages of a very strong culture such as that of Google? Since its founding in 1998, Google has ranked as one of the most innovative companies...