The following information applies to Labs Best, which supplies microscopes to laboratories throughout the country.Labs Best purchases the microscopes from a manufacturer which has a reputation for very high quality in itsmanufacturing operation.Annual demand20,800 unitsOrders per yearLead time in daysCost of placing an orderWorking days per year2015 daysP5,000365 daysWhat is the reorder point?1,040 units2,080 units855 units1,560 units

Reorder point means the situation when new order for replenishment of stock is made.

he following information applies to Labs Best, which supplies microscopes to laboratories throughout the count abs Best purchases the microscopes from a manufacturer which has a reputation for very high quality in its nanufacturing operation. Annual demand Orders per year Lead time in days Cost of placing an order Working days per year 20,800 units 20 15 days P5,000 365 days Vhat is the reorder point? 1,040 units 2,080 units 855 units 1 560 units

he following information applies to Labs Best, which supplies microscopes to laboratories throughout the count abs Best purchases the microscopes from a manufacturer which has a reputation for very high quality in its nanufacturing operation. Annual demand Orders per year Lead time in days Cost of placing an order Working days per year 20,800 units 20 15 days P5,000 365 days Vhat is the reorder point? 1,040 units 2,080 units 855 units 1 560 units

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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CARNING SYSTEM (ACADEMI entory Management - Spring21 Time left 1:39:43 XYZ Company is specialized in mangoes distribution in the city of Muscat. Sales are 400 boxes (unit) per month. It costs. OR 10 to make and receive an order and holding cost is OR 3.5 per box per year. The prices depend on quantities ion purchased such that the order quantities from 1 to 199 at a unit price RO 5; quantity 200 to 499 at a unit price 4.5 RO; and quantity 500 and more at a per unit price of 4 RO. If the discount option is considered, then the best decision that minimizes the total annual inventory cost is ut of O a 200 units. Total cost=27,240 O b. 500 units. Total cost = 20.171 O c. 450 units. Total cost = 23,500 O d. Noneis correct O e. 185 units, Total cost= 30,649 NEXT PAGE EVIOUS PAGE
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A manufacturing company, VMTC PLC, makes the product, blitz. Monthly sales forthe first five months of 2022 have been estimated as: Month UnitsJanuary 210 000February 180 000March 210 000April 220 000May 200 000Additional Information:i. Actual units sold in 2021 November and December were 190 000 and 220 000,respectively.ii. One unit of blitz requires 2 kg of material at $3.50 per kg.iii. One unit of blitz requires half an hour of direct labour at a rate of $12 per hour.iv. Based on past experience, 60% of cash is received in the month of sale, 25% thefollowing month, 10% two months after and 5% is usually irrecoverable.v. Selling price is $18 per unit.vi. The company intends to have finished stock at the end of each month equivalent to15% of the following month’s budgeted sales.…
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Ordering and Carrying Costs Ottis, Inc., uses 683,910 plastic housing units each year in its production of paper shredders. The cost of placing an order is $29. The cost of holding one unit of inventory for one year is $20. Currently, Ottis places 149 orders of 4,590 plastic housing units per year. Required: 1. Compute the annual ordering cost. $fill in the blank 1 2. Compute the annual carrying cost. $fill in the blank 2 3. Compute the cost of Ottis’s current inventory policy. $fill in the blank 3 Is this the minimum cost?
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