Question number 17 6 From the following information, calculate economic order quantity, no. of order and totalcost of EOQ.Annual requirementPrice per unitCost per order...Inventory carrying cost 4 of unit cost (excluding insurance) and insurance charge per unit Re. 1..20,000 units....Rs. 4Rs. 50Ans: (a) 1,000 units (b) 20 times (c) Rs. 2,00017. Consider the following informationEconomic order quantityCarrying cost..a. What is the annual requirement?1,000 unitsCost per order placedPrice perRs 30.00......20%unit ...Rs 15.60b. What are the numbers of orders?C. What is the total cost of EOQ?d. How often the order should be placed? (Assume 52 weeks in a year)Ans (a) 52,000 units (b) 52 orders (c) Rs 3,120 (d) 1 week- 18. The following details are available:Material needs per.250 unitsmonthUnit cost Rs. 51/5 of the purchase priceHolding and storage cost ..EOQ based on annual basis60 unitsAns: Rs. 0.6 per orderRequired: Order cost per order0 model is given:

Economic order quantity means the number of units to be ordered so that total cost of inventory will…

17. Consider the following information Economic order quantity Carrying cost. a. What is the annual requirement? 1,000 units Cost per order placed Rs 30.00 .20% Price per unit. Rs 15.60 b. What are the numbers of orders? C. What is the total cost of EOQ? logod? (Assume 52 weeks in a year) OD.2 120 (d) 1 week

17. Consider the following information Economic order quantity Carrying cost. a. What is the annual requirement? 1,000 units Cost per order placed Rs 30.00 .20% Price per unit. Rs 15.60 b. What are the numbers of orders? C. What is the total cost of EOQ? logod? (Assume 52 weeks in a year) OD.2 120 (d) 1 week

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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