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StormLrd StormLrd
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7 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   Neutral Face
Orders per year   40
Average daily demand   48
Working days per year   250
Annual ordering costs   $4,000
Annual carrying costs   $30/unit

Ralph purchases at the EOQ quantity level.

Required:
Determine the annual demand, the cost of placing an order, the economic order quantity and the annual total costs of inventory.
Textbook 
Cost Accounting: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
Authors:
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AllopaAllopa
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StormLrd Author
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7 years ago
Thank you, thank you, thank you!
nadiia
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Yesterday
Just got PERFECT on my quiz
rileyjones420
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2 hours ago
Brilliant ツ
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