62.62. The following information pertains to Material X which is used by ABC Co.:Annual Usage in unitsWorking Days per yearSafety Stocks in unitsNormal Lead time in Working DaysCarrying cost20,000250 days80030 days2 per unitUnits of Material X will be required evenly throughout the year. What is the reorder point? [nearestwhole number]Your answer 60. ABC Company buys 5,000 units annually for its manufacturing business. Thecost of receiving and placing an order is P20,000 including handling charges ofP8,000. Annual carrying costs are 5% of the purchase price of P15,000 per unit.The company maintains a safety stock of 150 units. The delivery time is 15 days.What is the total inventory cost? [units in the computations should be roundedoff to 2 decimal places]a. 494,850b. 499,950c. 502,250d. 504,850

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62. The following information pertains to Material X which is used by ABC Co.: Annual Usage in units Working Days per year Safety Stocks in units Normal Lead time in Working Days Carrying cost 20,000 250 days 800 30 days 2 per unit Units of Material X will be required evenly throughout the year. What is the reorder point? [nearest whole number] Your answer

62. The following information pertains to Material X which is used by ABC Co.: Annual Usage in units Working Days per year Safety Stocks in units Normal Lead time in Working Days Carrying cost 20,000 250 days 800 30 days 2 per unit Units of Material X will be required evenly throughout the year. What is the reorder point? [nearest whole number] Your answer

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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