14:12< Activity 3- accounting for materials....ACTIVITY 3- ACCOUNTING FOR MATERIALS1. Krissy operates its factory 300 days per year. Itsannual used of Material Y is 300,000 gallons. It carries a2,500 gallon safety stock of material and its lead time is3 business days.What is the order point for Material Y?2. The EOQ for Material is 7,500 gallons, and thecarrying cost per gallon per year is P.25. What is the totalannual carrying cost for Material?3. Peter's order quantity for tocino is 5,000 kilos. Petermaintains a safety stock of Tocino at 500 kilos, and itsorder point is 1,500 kilos.What is the lead time, assuming daily usage is 50kilos?4. Peter's order quantity for tocino is 5,000 kilos. Petermaintains a safety stock of Tocino at 500 kilos, and itsorder point is 1,500 kilos.What would be the total annual carrying costs,assuming the carrying cost per unit is P.805. The following are data of materials inventory for theyear 2020 of Mars Corp:Number of pounds requiredannuallyCost of placing an orderAnnual carrying cost per pound ofmaterials144,000P180Р36What is the EOQ?6. XYZ has developed the following data from itsMaterial ASafety stockAverage (normally) daily useMaximum daily useMinimum daily useЕOQCost of placing an orderWorking days per yearLead time2802002401801,000P20250 days6 daysWhat is the reorder point?7. XYZ has developed the following data from itsMaterial A00000DashboardCalendarТo DoNotificationsInbox

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Answered: 1. Krissy operates its factory 300 days…

FINANCIAL ACCOUNTING

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Chapter1: Financial Statements And Business Decisions

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Shinas Manufacturing LLC has 12 machines in operation and produce 1,500 units per day. How many machines are required to produce 3,500 units per day? а. 18 b. 25 С. 15 d. 28
A company uses components at the rate of 15,000 units per year, whichare bought in at a cost of $3.90 each from the supplier. The companyorders 8,000 units each time it places an order and the averageinventory held is 500 units. It costs $30 each time to place an order,regardless of the quantity ordered.The total holding cost is 21% per annum of the average inventory held.Required:-Calculate the total holding cost and total ordering cost?
Red Jeep Manufacturing currently produces 3,000 tires per month. The following total cost data for 3,000 tires applies to sales to regular customers: Direct materials Direct manufacturing labor Variable manufacturing overhead Fixed manufacturing overhead Total $114,000 42,000 57,000 60,000 $273,000 Assume Red Jeep sells everything it produces. The plant is considering expanding production to 4,000 tires. What is the total cost of producing 4,000 tires? O $364,000 $202,000 $273,000 $344,000
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Answer all subparts a to f.if answered within 30mins,it would be helpful Accounting ETS manufactures a component for its computer products. The annual demand for thiscomponent is 2500 units. The annual cost of maintaining inventory is10% per unit and the cost of preparing an order and setting up productionfor the order is $ 50.The machine used to make this part has a production rate of 10,000units per year and the cost is $ 22 per unit.a. Find the EPQ(Economic Production Quantity)A. How long does it take to produce the batch?B. How many batches will be produced per year?C. What is the maximum inventory level?D. What is the total cost per year?E. A supplier offers to sell a similar component for $ 25 per unit with a charge$ 5 per service per order. Should the company accept the offer?F. Find the average inventory level for each situation
ABC Pty Ltd purchases and uses 5 000 units of a component per month in production. The fixed cost per order of the component is R 300 and the carrying cost per unit per annum is R 75. The time taken between placing the order and receiving the order from the supplier is 15 days while the company’s target safety inventory is three times that of the supplier’s delivery days. 365 days in year. The company makes use of EOQ method. Calculate the EOQ. (4) Calculate the total annual ordering cost for the company (3) Calculate the reorder point. (3) Calculate the total annual carrying cost for the company. (5) Total (15)
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1. Krissy operates its factory 300 days per year. Its annual used of Material Y is 300,000 gallons. It carries a 2,500 gallon safety stock of material and its lead time is 3 business days. What is the order point for Material Y?