Edge ltd operates a store franchise featuring sports merchandise. It uses an EOQ decision model to make inventory decisions. It is now considering inventory decisions for its Brisbane lions AFL jerseys product line. This is a highly popular item. Data for 2024 are as follows Expected annual demand for lions jerseys 12000 Ordering cost per purchase order $358.45 Carrying cost per year $ 10.26 per jersey Each jersey costs $72.60 And sell for $108.90. the $ 10.26 carrying cost per jersey per year consists of the required return on investment of $7.26 plus $3 in relevant insurance, handling and storage costs. The purchasing lead time is 8.00 days. Edge Itd open 365 days a year. Required 1. Calculate the EOQ 2. Calculate the number of orders that will placed each year. 3. Calculate the reorder point. Part A (2) Three factors can cause reduction in the cost of placing purchase orders for materials.

Edge ltd operates a store franchise featuring sports merchandise. It uses an EOQ decision model to make inventory decisions. It is now considering inventory decisions for its Brisbane lions AFL jerseys product line. This is a highly popular item. Data for 2024 are as follows Expected annual demand for lions jerseys 12000 Ordering cost per purchase order $358.45 Carrying cost per year $ 10.26 per jersey Each jersey costs $72.60 And sell for $108.90. the $ 10.26 carrying cost per jersey per year consists of the required return on investment of $7.26 plus $3 in relevant insurance, handling and storage costs. The purchasing lead time is 8.00 days. Edge Itd open 365 days a year. Required 1. Calculate the EOQ 2. Calculate the number of orders that will placed each year. 3. Calculate the reorder point. Part A (2) Three factors can cause reduction in the cost of placing purchase orders for materials.

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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