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Illustration NyaliMbali Lid. are retailers who sell ceramic tiles. During the months of July to September 2000. there were price fluctuations. Due to the above problem the company had to adjust its selling prices. The following transactions took place during the period. 3 July Opening stock was 5,000 tiles valued at Sh 825,000. 10 July Orders placed with the company increased, so extra tiles had to be obtained from Mombasa. Therefore 22,000 tiles were purchased at a cost Sh 140 each but in addition there was a freight and insurance charge of Sh 5 per tile. 31 July During the month 20,0000 tiles were sold at a price of Sh 220 cach. 4 August A new batch of 14,000 tiles was purchased at a cost of Sh 175 per tile. 30 August The sales for the month of August were 14,000 tiles at a selling price of Sh 230 cach. 1 September A further 24,000 tiles were purchased at a cost of Sh 195 cach. 30 September270,000 tiles were sold during September at price of Sh 240 each. The cost accountant of NyaliMbali Lid decided he would applyweighted average method Required: (i) A stores ledger account using weighted average method and showing stock values at 30 September 2000.Illustration A company had annual demand of 800,000 units the purchase per unit is 80 while the cost of pressing are order is Sh.4,000. The annual inventory holding cost is 5% of the inventory value. Currently the company has been purchasing 20000 units time, they place an order. Required; i) Calculate the total cost of current inventory policy ii) Calculate the EOQ iii) Calculate the cost savings if the company adopts EOQ policyIllustration EOQ with Discounts A company buys 400 units of an item at the cost of Sh. 5000 at unit at an ordering cost of Sh 2000 at order. The carrying cost has been determined to be 20% of the costs of average cost. The company then received 2% discount offer for purchases of 100 or more unit.Illustration ABC Ltd manufactures components X for use in an assembly the usage rate of the component is lower than the production rate. The following data has been used for the components. Production rate = 4000 Units per day Usage rate = 1200 unit Inventory holding cases = Sh. 20 @ unit @ annum Unit variable production costs = Sh. 2000 Set-up cost = Sh. 110,000 Acquisition lead time = 10 Working days Days in a year = 250 working days Required;- Formulate the best inventory policy for component XILLUSTRATION Employees Adam Smith and John are each assigned a job and they each take 3, 2.5 and 2 hours respectively to complete the job. The time rate is sh.40 per hour and the time allowed for each job is 3 hours. Required a) Using the Halsey plan calculate the total earnings of each employee b) Calculate the effective hourly rate of payA company has the following costs Consumables Department Pl Depreciation ot't'ar:torj.r Supervision Depreciation of equipment Canteen Heat 3: Air Conditioning Insurance of Equipment The information relating to department is as follows: Dpt. Area occupied No. of Elk. Value of employees equipment's. Pl Ll 30' P2 LISUD 3D 5' 3m 15 3 4m] 15 1 Required Calculate the amount that will be distributed to each department