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jerico jerico
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9 years ago
Ralph was in the process of completing the quarterly planning for the purchasing department when a major computer malfunction lost most of his data. For direct material XXX he was able to recover the following:

Average inventory level of XXX   200
Orders per year   40
Average daily demand   48
Working days per year   250
Annual ordering costs   $4,000
Annual carrying costs   $6,000

Ralph purchases at the EOQ quantity level.

Required:
Determine the annual demand, the cost of placing an order, the annual carrying cost of one unit, and the economic order quantity.
Textbook 
Cost Accounting

Cost Accounting


Edition: 14th
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cyborgcyborg
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9 years ago
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jerico Author
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#2
9 years ago
Very happy to know people like you still exist. Really, without your help, I wouldn't understand the content one bit.
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#3
9 years ago
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