Clap Off Manufacturing uses 2,600 switch assemblies per week and then reorders another 2,600. Assume the relevant carrying cost per switch assembly is $6.30 and the fixed order cost is $555. a. Calculate the carrying costs. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. Calculate the restocking costs. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c. Calculate the economic order quantity. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) d. Calculate the EOQ number of orders per year. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Clap Off Manufacturing uses 2,600 switch assemblies per week and then reorders another 2,600. Assume the relevant carrying cost per switch assembly is $6.30 and the fixed order cost is $555. a. Calculate the carrying costs. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. Calculate the restocking costs. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c. Calculate the economic order quantity. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) d. Calculate the EOQ number of orders per year. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 2PB: The following product costs are available for Kellee Company on the production of eyeglass frames:...

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Clap Off Manufacturing uses 1,800 switch assemblies per week and then reorders another 1,800. Assume the relevant carrying cost per switch assembly is $5.50 and the fixed order cost is $600. a. Calculate the carrying costs. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. Calculate the restocking costs. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c. Calculate the economic order quantity. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) d. Calculate the EOQ number of orders per year. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Queen Manufacturing uses 1,900 switch assemblies per week and then reorders another 1,900. Assume the relevant carrying cost per switch assembly is $5.60 and the fixed order cost is $605. a. Calculate the carrying costs. Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. b. Calculate the restocking costs. Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. c. Calculate the economic order quantity. Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. d. Calculate the EOQ number of orders per year. Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. a. Carrying costs b. Restocking costs c. Economic order quantity d. Number of orders
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