9. Martin Company uses 625 units of a part each year. The cost of placing one order is $8; the costof carrying one unit in inventory for a year is $4.What is the EOQ for Martin? *O 50O 100O2030O 45

Economic order quantity: It can be defined as an optimum level of inventory at which the carry and…

Answered: 9. Martin Company uses 625 units of a…

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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The Xenopeltis Company estimates its requirement, which is 39,000 units semiannually at a price of $4 per unit. The carrying cost at 15% of the price and its ordering cost at $90 per order. On a 360-day basis, determine the following: How much is the annual requirement? A. 78,000 units B. Php 39,000 C. Php 78,000 D. 39,000 units E. 156,000 units
Please solve in 45 min
D1.
1.3 REQUIRED Use the information given below to calculate the most economic quantity to order each time for 2023 (expressed to next whole number). INFORMATION Milton Wholesalers expects to sell approximately 3 600 cases of soap per month during 2023. Each case of soap costs R200. The cost of placing an order for soap is estimated to be R20. The inventory holding cost of one case of soap is 5% of the unit purchase price.
Activities/Assessments: Activity 9 Solve the following EOQ model problems: 1. Each year, Y Company purchases 20,000 units of an item that costs P 640 per unit. The cost of placing an order is P 480, and the cost to hold the item in inventory for one year is P 150. a. Determine the EOQ. b. What is the average inventory level, assuming that the minimum inventory level is zero? c. Determine the total annual ordering cost and the total annual holding cost for the item if the EOQ is used. 2. A toy manufacturer uses approximately 32,000 silicon chips annually. The chips are used at a steady rate during the 240 days the plant operates. Annual holding cost is P27 per chip and ordering cost is P1,080. Lead time = 1 week. a. Find the EOQ. b. Find the reorder point. c. What would be your ordering policy for this item? d. Find the total annual cost of ordering and carrying silicon chips. 3. A large bakery buys sugar in 50-kg bags. The bakery uses an average of 1,344 bags a year. Preparing an order…
39
Question 9 options: With the following information, answer the following questions using the specified format (For example: 1000 units) A company buys 10,000 units of product A.The order cost for this product is $100.00 and its annual carrying cost per unit is $1.20. The company also buys 200,000 units of product B. In this case, the order cost is $75.00 and it's annual carrying cost is $0.75. The EOQ for product A is _____. With the following information, answer the following questions in the specified format (For example: 1000 units) A company buys 10,000 units of product A.The order cost for this product is $100.00 and its annual carrying cost per unit is $1.20. The company also buys 200,000 units of product B. In this case, the order cost is $75.00 and it's annual carrying cost is $0.75. The EOQ for product B is _____.
Q4 / Al-Omaarah Company produced and sold 1000 bags during the year 2020, the selling price was 20 dinars, and the variable manufacturing costs were 8 dinars per bag, and the fixed manufacturing costs were 12,000 dinars, and the variable marketing costs amounted to 4 dinars per bag and the fixed marketing costs. 3 dinars. Required // 1. Calculate the break-even point in units and amounts 9- Calculating the number of units needed to eam a profit before tax of 1200 dinars Note that the tax rate is 20%, and Gleul variable manufacturing costs are expected to increase 10% in the next year. Calculate the break-even point Next year If the variable manufacturing costs increase by 10%, calculate the selling price that will achieve the survival of the contribution margin ratio As it is.
Ferkil Corporation manufacturers a single product that has a selling price of $20.00 per unit. Fixed expenses total $45,000 per year, and the company must sell 4,500 units to break even. If the company has a target profit of $19,000, sales in units must be: Group of answer choices 5,450 units 6,750 units 6,400 units 5,991 units
Economic order quantity. J and L. Sloan Company estimates the demand for its CQ10 bearings at 50,000 units a year. the bearings cost $6 each. ordering cost is $90 per order and carrying cost is 24 percent of product cost. Required: a) compute the economic order quantity b) how many orders a year will the company place if it orders the economic order quantity?
PART 4 PLEASE! The following inventory date have been established for Warriors Company: Order must be placed in multiples of 100 Annual sales are 338,000 units The purchase price per unit is P6 Carrying cost is 20% of the purchase price of the goods Fixed order costs is P48 Three days are required for delivery. What is the EOQ? How many orders should Warriors placed each year? How many units must be order every time? Calculate the total cost of ordering and carrying cost if the order quantity is 4,000 units 4,800 units 6,000 units At EOQ Thank you so much!
entory Management - Spring21 Time left 1:06:07 on A company has 52 week per year operation. The weekly demand is for product it needs is 20 units and it costs OMR 2500 per unit to purchased. The cost of reordering is OMR 50 each order. The annual holding cost is OMR 660 per unit. Which economic order quantity policy, either round-up or round-down for inventory ordering to be used here to minimize total The corresponding order quantity will be ventory cost per year? of a. None is correct O b. 12 O C. 13 d. 14 O e. 15 FINISH ATTEMPT ...

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9. Martin Company uses 625 units of a part each year. The cost of placing one order is $8; the cost of carrying one unit in inventory for a year is $4. What is the EOQ for Martin? * O 50 O 100 O20 30 O 45