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FINANCIAL ACCOUNTING
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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23. Norina Corp. Uses 10,500 yards of material X each day to make shirts. It usually takes 10 days from the time Norina orders the material when it is received. If Norina desired a safety stock of 21,000 yards, What is the order point? 126,000 24. The following are annual cost of Peter Corp. relating to Material A which required 40,000 units per year: Unit Cost Insurance cost P20 Storage cost Freight in 32 36 Order cost 10 Interest that could have been earned on alternative investment of funds P320,000 What is the annual carrying cost per unit? 96/52 25. Senen has an order point at 1,400 units, usage during the normal lead time of 600, and EOQ4,000 units. What would be its maximum inventory, assuming lead time and usage is normal. 5,400
Transcribed Image Text:23. Norina Corp. Uses 10,500 yards of material X each day to make shirts. It usually takes 10 days from the time Norina orders the material when it is received. If Norina desired a safety stock of 21,000 yards, What is the order point? 126,000 24. The following are annual cost of Peter Corp. relating to Material A which required 40,000 units per year: Unit Cost Insurance cost P20 Storage cost Freight in 32 36 Order cost 10 Interest that could have been earned on alternative investment of funds P320,000 What is the annual carrying cost per unit? 96/52 25. Senen has an order point at 1,400 units, usage during the normal lead time of 600, and EOQ4,000 units. What would be its maximum inventory, assuming lead time and usage is normal. 5,400
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