For the following product and associated specification given answer accounting For the following product and associated specification.Units required annually = 1000Holding cost per unit per year = $0.5Order preparation cost = $10a) Compute the optimum lot size.b) Compute the annual inventory cost (holding Cost).c) Compute the annual order cost.d) Compute the total cost.

Step 1: Define Economic order quantityEconomic order quantity is the quantity that helps an…

Answered: For the following product and…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 3EA: Burnham Industries incurs these costs for the month: A. What Is the prime cost? B. What is the...

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Find the dollar markup and percent markup ? General accounting
Assume that markup is based on cost. Find the dollar markup and percent markup on cost for the following. 1. Cost: $23.75 2. Selling Price: $29.50.
Burnham Industries incurs these costs for the month: A. What Is the prime cost? B. What is the conversion cost?
1. Calculate Economic Order Quantity (EOQ), number of orders, annual ordering costs, annual carrying costs and total inventory costs from the following:Annual consumption: 6000 unitsCost of placing one Order: RO 60Carrying cost per unit: RO 22. Find out the EOQ, Annual ordering cost and annual holding cost from the following information. The demand is 19500 units per year, holding cost is RO 4 per unit for a year and ordering cost is RO 25 order. 3. Find out the ordering cost from the following information, Annual demand is 240 units, holding cost RO 4 per unit for a year and EOQ is 60 units.4. If the price of the material is RO 15 per unit and the annual consumption is 4000 units, the interest and store keeping charges are 20% of the value and the cost of placing of an order and receiving the goods is RO 60, how much material should be ordered at one time? 5. Alexander pump LLC uses about 75000 valves per year and the usage is fairly constant at 6250 unitsper month. The valve cost of…
Abc
Find the dollar markup and percent markup ?
Suppose the relevant carrying cost per unit per year was $20 and the relevant ordering cost per purchase order was $200. Suppose further that Alpha calculates EOQ after incorrectly estimating relevant carrying cost per unit per year to be $10 and relevant ordering cost per purchase order to be $400. Calculate the actual annual relevant total costs of Alpha’s EOQ decision. Compare this cost to the annual relevant total costs that Alpha would have incurred if it had correctly estimated the relevant carrying cost per unit per year of $20 and the relevant ordering cost per purchase order of $200 Calculate and comment on the cost of the prediction error.
Solve this problem
Subject :- Accounting
Assume that the linear cost and revenue models apply. An item costs $13 to make. If fixed costs are $1600 and profits are $5700 when 100 items are made and sold, find the revenue equation. (Let x be the number of items.)R(x) =
For each total fixed cost listed below, determine the fixed cost per unit when sales are 35, 70, and 140 units. $ Store rent Manager's salary Equipment lease Depreciation on fixtures Total Fixed Cost Store rent Begin by calculating the fixed cost per unit for each of the fixed costs listed, and the total fixed cost per unit when sales are 35 units. Then calculate the fixed cost per unit and the total fixed cost per unit when sales are 70 and 140 units, respectively. (Round all amounts to the nearest cent.) Manager's salary Equipment lease Depreciation on fixtures Total fixed cost per unit 4,200 1,050 350 175 $ ww. 4,200 1,050 350 175 Fixed Cost per Unit at 35 Units
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