2.2Use the information provided below to calculate the following:INFORMATIONMonthly sales of West Ham Limited is 4 400 units at R150 a unit. The purchase price is R90 per unit. The carryingcost amounts to 10% of the purchase price and the ordering cost is R62 per order.INFORMATIONMonthly sales of West Ham Limited is 4 400 units at R150 a unit. The purchase price is R90 per unit. The carryingcost amounts to 10% of the purchase price and the ordering cost is R62 per order.2.2.1Calculate the Economic order quantity (EOQ)2.2.2Calculate the Number of orders that need to be placed for the year

Economic order quantity is that quantity that should be ordered in order to have minimum ordering…

Answered: INFORMATION Monthly sales of West Ham…

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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The Games Company produces a specialty football item, and has the following information available concerning its inventory items: Relevant ordering costs per purchase order £150 Relevant carrying costs per year: Required annual return on investment 10% Required other costs per year £1.40 Annual demand is 10,000 packages per year. The purchase price per package is £16. What are the relevant total costs at the economic order quantity? a. £1,000 b. £1,500 C. £3,000 d. £3,500
Question 1 Use the information provided to answer the questions. 1.1 Calculate the annual economic order quantity from the information provided below. INFORMATION GM Electronics expects to sell 800 alarm systems each month of 2022 at R4 000 each. The cost price of each alarm system is R2 000. The inventory holding cost of an alarm system is 1% of the unit cost price. The cost of placing an order for the alarm systems is estimated at R60.
on 1 A firm uses 500 units of a product per year on a continuous basis. The product has a carrying cost et answered of $35 per unit per year and order costs of $270 per order. It takes 28 days to receive a shipment after an order is placed and the firm requires a safety stock of 4 days usage in inventory (year ed out of 10.00 has 365 days). g question اذا كان عد د الوحدات عد د صحيح، أكتبها كما هي بدون منازل عشرية اذا لم یكن عد د الوحدات عد د صحيح، وكان عد د الوحدات يحتوي على اعشار، أكتب الوحدات شاملة منزلتين عشريتين، مثلا ظهر على الالة الحاسبة 11.23 lys 11.2265 a. Determine the reorder point. reorder point units b. Determine the economic order quantity. EOQ (5:Numerical:=87.83:1.11)}units Ps Pr
The total purchase related cost is RO 50,000. The number of purchase orders placed is 80. The Activity cost driver rate is: a. RO 650 per order b. RO 525 per order c. RO 550 per order d. RO 625 per order
Trillium, Inc. reports the following information for April: Alpha Beta Units sold 3,000 units 750 units Sales price per unit $250 $700 Variable manufacturing cost per unit 175 500 Sales commission per unit: Alpha: 4% of sales price 10 Beta: 6% of sales price 42 What is the contribution margin ratio of Beta? (Round your answer to two decimal places.) OA. 30% OB. 28.57% ○ C. 6% OD. 22.57%
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18
Pls answers number 8 to 9 with solutions
A business determines selling price by adding a mark-up of 30% to cost. The profit earned on a product with a selling price of £390 will be: a) £300 b) £117 c) £210 d) £90
ABC Co. is selling its products to customers A, B and C. The following information is given for the year 2018-19. Customer A Customer B Customer C Sales in Lakhs (?) 15.90 20.0 15.0 Number of deliveries (including rush deliveries) 100 40 50 Number of orders 120 50 60 1.2 Average number of hours per delivery (for verification of goods | before loading for delivery) 1 1.30 Number of rush deliveries 2 1 2 Sales commission (% to sales) 4 5 Normal delivery cost is ? 1,250 per delivery. Order processing cost is ? 1,84,000. Verification cost of goods before loading is ? 5,32,500. Rush delivery cost is 180% of normal delivery cost. Variable cost is 75 percent of sales. (i) Present a customer wise profitability statement.

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