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

Hi student Since there are multiple questions, we will answer only first question,

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

See similar textbooks

Similar questions

Q.11) Pak Cables SAOG makes four components P, Q, R and S for which costs in the forthcoming year are expected to be as follows: Product (code name) Production (Units) Unit Margin Costs: Direct Materials Direct Labour Variable production overheads P R S 2,000 4,000 8,000 6,000 Omani Rial Omani Rial Omani Rial Omani Rial 08 10 04 08 16 18 08 12 04 06 02 04 28 34 14 24 Directly attributable fixed costs per annum and committed fixed costs: Incurred as direct consequence of making P Incurred as direct consequence of making Q Incurred as direct consequence of making R Incurred as direct consequence of making S Other fixed costs (committed) Omani Rial 2,000 10,000 12,000 16,000 60,000 100,000 Directly attributable fixed costs are all items of cash expenditures that are incurred as a direct the product in house. A sub contractor has offered to supply units of P, Q, R and S for Omani Rial 24, Omani Rial 42, Omani 28 respectively. Required: A. Which of the components Pak Cables SAOG should make…
Manji
correct answer?
Cycle Time and Velocity Bemidii Company has the following data for one of its production departments: Theoretical velocity: 620 units per hour Productive minutes available per year: 31,000,000 Annual conversion costs: $186,000,000 Actual velocity: 310 units per hour Required: 1. Calculate the actual conversion cost per unit using actual cycle time and the standard cost per minute. Round your actual cycle time answer to three decimal places and your cost per unit answer to the nearest cent. Actual cycle time Standard cost per minute Conversion cost per unit 2. Calculate the ideal conversion cost per unit using theoretical cycle time and the standard cost per minute. If required, round your intermediate calculations and final answers to two decimal places. Theoretical cycle time minutes per unit per unit Conversion cost per unit What incentive exists for managers when cycle time costing is used? minutes per unit $ per minute per unit 3. What if the actual velocity is 434 units per hour?…
Estimated sales of a product is 30000 units. Two kinds of raw materials P and Q are required for manufacturing the product. Each unit of the product requires 2 units of P and 4 units of Q. The estimated cost of the P and Q OMR 2 and OMR 3 respectively. The estimated opening balance in the beginning of the next year: finished goods: 4000 units; P: 6000 units; Q: 10000 units. The desirable closing balance at the end of the next year: finished product: 6000 units; P: 10000 units; Q: 12000 units. Which of the following shows the total cost of raw materials (OMR) to be purchased in Material Purchase Budget. Select one: a. P = 162000 and Q = 181000 b. P= 136000 and Q= 390000 c. P = 124000 and Q = 324000 d. P = 134000 and Q = 334000
Alden Company’s... (please refer to pictures to complete)
Vishnu
24..
Total cost and number of units in the first seven months of 2020 are given below. According to this information, which of the following will be the total cost in August if the company produces 415 units? Periods Total Cost 21,410 No.of Units 210 January February 22.140 240 22,875 23,295 23,620 23,830 24,350 March 275 295 April May 310 June 320 July 350 Select one: O a. 25715 O b. 25050 c. 26250 O d. 23360
PROVIDE Answer with calculation
What is the variable cost per kilometer? How much is fixed maintenance costs per month ?
Give me correct answer and explanation.s