Appendix: EOQDiane Delbert operates a health food bakery that uses a special type of ground flour in one of its high-margin products. The bakery operates 365 days ayear. Delbert finds that she seems to order either too much or too little special flour and asks for your help. After some discussion, you find that she has noidea of when or how much to order. An examination of her records and answers to further questions reveal the following information:Annual usage of special flour (pounds)6,510Average number of days delay between initiating and receiving an order12Estimated cost per order$32.00Estimated annual cost of carrying a pound of special flour in inventory$0.50a. Calculate the economic order quantity for flour.Note: Round your answer to the nearest whole pound.913V poundsb. Assume that Delbert desires a safety stock cushion of seven days' usage. Calculate the appropriate order point.Note: Do not round until your final answer.Note: Round your final answer to the nearest whole pound.339x poundsCheck

EOQ - 2 x annual demand x order cost/ carrying cost Appropriate order point = Average daily usage x…

Answered: Appendix: EOQ Diane Delbert operates 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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a. What impact would accepting this special order have on operating profit? b. From an operating profit perspective for April, should Maria accept the order?
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