Mr. Akpanu prcsented details for re-ordering calcium carbonate for präctical work in semester 2 of 2015/2016 academic year. He indicated that the maximum consumption per aunum had been found to be 20kg and minimum, 10kg. The agent quoted the unit price per 1kg container as GHS50.00, carrying cost as 5% per annum of unit price and ordering cost. as GHS10.00 per order. In addition, maximum lead time was 12 months and mininum was 2 months. Calculate the following: Re-order level i. Minimum stock level ji. Re-order quantity (9 marks)

Mr. Akpanu prcsented details for re-ordering calcium carbonate for präctical work in semester 2 of 2015/2016 academic year. He indicated that the maximum consumption per aunum had been found to be 20kg and minimum, 10kg. The agent quoted the unit price per 1kg container as GHS50.00, carrying cost as 5% per annum of unit price and ordering cost. as GHS10.00 per order. In addition, maximum lead time was 12 months and mininum was 2 months. Calculate the following: Re-order level i. Minimum stock level ji. Re-order quantity (9 marks)

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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