Company B furnished you with the following information with respect to material OXO: Annual requirement 3.920 lbs. Cost of ordering P 5 per order Cost of storage 25% of the cost of material EOQ 140 lbs. What is the cost per pound of material XOX? P 8 P 5 P 4 P 2

Company B furnished you with the following information with respect to material OXO: Annual requirement 3.920 lbs. Cost of ordering P 5 per order Cost of storage 25% of the cost of material EOQ 140 lbs. What is the cost per pound of material XOX? P 8 P 5 P 4 P 2

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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Company B furnished you with the following information with respect to material OXO: Annual requirement 3.920 lbs. Cost of ordering P 5 per order Cost of storage 25% of the cost of material EOQ 140 lbs. What is the cost per pound of material XOX?

P 8

P 5

P 4

P 2

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