Answered: No. 7-12 Fresh Daily Bakery tracks…

No. 7-12 Fresh Daily Bakery tracks ingredient usage. Today's production used: flour 45kg at $3/kg, sugar 28kg at $2/kg, butter 15kg at $8/kg. Show the total ingredient cost.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter20: Inventory Management: Economic Order Quantity, Jit, And The Theory Of Constraints

Section: Chapter Questions

Problem 8E: Melchar Company uses 78,125 pounds of oats each year. The cost of placing an order is 18, and the...

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Question

Total Ingredient Cost?

No. 7-12
Fresh Daily Bakery tracks ingredient usage.
Today's production used: flour 45kg at
$3/kg, sugar 28kg at $2/kg, butter 15kg at
$8/kg. Show the total ingredient cost.

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No. 7-12
Melchar Company uses 78,125 pounds of oats each year. The cost of placing an order is 18, and the carrying cost for one pound of oats is 0.45. Required: 1. Compute the economic order quantity for oats. 2. Compute the carrying and ordering costs for the EOQ.
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