Chapter 13, Question 8. Attached is a similar question with answers. Please answer the same four parts for the new question Economic order quantity (EOQ). Tinnendo, Inc. believes it will sell 4 million zen-zens, an electronic game, this coming year. Note that this figure is for annual sales.The inventory manager plans to order zen-zens 43 times over the next year. The carrying cost is $0.04 per zen-zen per year. The order cost is $695 per order. Whatare the annual carrying cost, the annual ordering cost, and the optimal order quantity for the zen-zens? Verify your answer by calculating the new total inventory cost.What is the annual carrying cost for the zen-zens?$ 1,860 (Round to the nearest dollar.)What is the annual ordering cost for the zen-zens?$ 29,885 (Round to the nearest dollar.)What is the optimal order quantity for the zen-zens?372,827 zen-zens (Round to the nearest whole unit.)At the EOQ, what is the new total inventory cost?$ 14,914 (Round to the nearest dollar.) Economic order quantity (EOQ). Tinnendo, Inc. believes it will sell 4 million zen-zens, an electronic game, this coming year. Note that this figure is for annual sales.The inventory manager plans to order zen-zens 40 times over the next year. The carrying cost is $0.03 per zen-zen per year. The order cost is $596 per order. Whatare the annual carrying cost, the annual ordering cost, and the optimal order quantity for the zen-zens? Verify your answer by calculating the new total inventory cost.What is the annual carrying cost for the zen-zens?(Round to the nearest dollar.)

EOQ means the economic order quantity which will gives you the least cost of inventory.

Economic order quantity (EOQ). Tinnendo, Inc. believes it will sell 4 million zen-zens, an electronic game, this coming year. Note that this figure is for annual sales. The inventory manager plans to order zen-zens 40 times over the next year. The carrying cost is $0.03 per zen-zen per year. The order cost is $596 per order. What are the annual carrying cost, the annual ordering cost, and the optimal order quantity for the zen-zens? Verify your answer by calculating the new total inventory cost. What is the annual carrying cost for the zen-zens? (Round to the nearest dollar.)

Economic order quantity (EOQ). Tinnendo, Inc. believes it will sell 4 million zen-zens, an electronic game, this coming year. Note that this figure is for annual sales. The inventory manager plans to order zen-zens 40 times over the next year. The carrying cost is $0.03 per zen-zen per year. The order cost is $596 per order. What are the annual carrying cost, the annual ordering cost, and the optimal order quantity for the zen-zens? Verify your answer by calculating the new total inventory cost. What is the annual carrying cost for the zen-zens? (Round to the nearest dollar.)

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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