An organization implements a fixed order interval inventory system. The setup (procurement) cost per transaction: $67 The annual demand in units: 2500 The cost of each inventory unit: $10 The annual holding cost as a percentage of unit inventory cost: 26% Determine the optimal period between orders as a portion of a year. Round answers to 2 decimal places, if applicable.

An organization implements a fixed order interval inventory system. The setup (procurement) cost per transaction: $67 The annual demand in units: 2500 The cost of each inventory unit: $10 The annual holding cost as a percentage of unit inventory cost: 26% Determine the optimal period between orders as a portion of a year. Round answers to 2 decimal places, if applicable.

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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