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Problem 10: Order Point Irvin Corp has developed the following figures to assist in controlling Material: Minimum daily use Normal daily use Maximum daily use Working days per year Lead time in working days Safety stock Cost of placing an order EOQ Required: Compute the following: 2. Order Point 3. Average inventory 5. Absolute maximum inventory 6. Carrying cost per unit for one year. 300 units 400 units 460 units 250 days 10 ? units P80 4,000 units one of the

Problem 10: Order Point Irvin Corp has developed the following figures to assist in controlling Material: Minimum daily use Normal daily use Maximum daily use Working days per year Lead time in working days Safety stock Cost of placing an order EOQ Required: Compute the following: 2. Order Point 3. Average inventory 5. Absolute maximum inventory 6. Carrying cost per unit for one year. 300 units 400 units 460 units 250 days 10 ? units P80 4,000 units one of the

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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Problem 10: Order Point Irvin Corp has developed the following figures to assist in controlling one of the Material: Minimum daily use Normal daily use Maximum daily use Working days per year Lead time in working days Safety stock Cost of placing an order EOQ Required: Compute the following: 2. Order Point 3. Average inventory 5. Absolute maximum inventory 6. Carrying cost per unit for one year. 300 units 400 units 460 units 250 days 10 ? units P80 4,000 units
Transcribed Image Text:Problem 10: Order Point Irvin Corp has developed the following figures to assist in controlling one of the Material: Minimum daily use Normal daily use Maximum daily use Working days per year Lead time in working days Safety stock Cost of placing an order EOQ Required: Compute the following: 2. Order Point 3. Average inventory 5. Absolute maximum inventory 6. Carrying cost per unit for one year. 300 units 400 units 460 units 250 days 10 ? units P80 4,000 units
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