QUESTION 20 Bahrain Specialist Hospital has recently hired you to improve their inventory management for some of the mostly costly medicines they use. You decide that the best method to use is the EOQ. After some analysis and research you gather the following information: Yearly sales 2,523 Cost of placing order 477 Carrying costs per order 34 Based on this calculate the EOQ

QUESTION 20 Bahrain Specialist Hospital has recently hired you to improve their inventory management for some of the mostly costly medicines they use. You decide that the best method to use is the EOQ. After some analysis and research you gather the following information: Yearly sales 2,523 Cost of placing order 477 Carrying costs per order 34 Based on this calculate the EOQ

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question Content Area Recording Purchases and Sales Printer Supply Company sells computer printers and printer supplies. One of its products is a toner cartridge for laser printers. At the beginning of the year, there were 225 cartridges on hand that cost $62 each. During the year, Printer Supply purchased 1,475 cartridges at $62 each. After inspection, Printer Supply determined that 15 cartridges were defective and returned them to the supplier. Printer Supply also sold 830 cartridges at $95 each and sold an additional 710 cartridges at $102 each after a midyear selling price increase. Customers returned 20 of the cartridges that were purchased at $102 to Printer Supply for miscellaneous reasons. Assume that Printer Supply uses a perpetual inventory system. Required: 1. Prepare summary journal entries to record the purchases, sales, and return of inventory. Assume that all purchases and sales are on credit but no discounts were offered. Question Content Area Record the entry…
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Sales Mix Biblio Files Company is making plans for its next fiscal year, and decides to sell two new types of bookshelves, Basic and Deluxe. The company has compiled the following estimates for the new product offerings. Type ofBookshelf Sales Priceper Unit Variable Costper Unit Basic $5.00 $1.75 Deluxe 9.00 8.10 The company is interested in determining how many of each type of bookshelf would have to be sold in order to break even. If we think of the Basic and Deluxe products as components of one overall enterprise product called “Combined,” the unit contribution margin for the Combined product would be $2.31. Fixed costs for the upcoming year are estimated at $334,950. Recall that the totals of all the sales mix percents must be 100%. Determine the amounts to complete the following table. Type of Bookshelf Percent of Sales Mix Break-Even Sales in Units Break-Even Sales in Dollars Basic % $ Deluxe % $
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Done Jedi Knights_Prob.pdf Q Problem Jedi Knights purchases and sells light-sabers. The accounting records shows the following data related to its light saber purchases. Item Beginning inventory Purchases Purchases Date March 1 March 16 March 27 Units 200 600 400 Unit Cost $150 160 170 Required: Show your work! 1.) What is the cost of goods available for the company? $ D Total Cost $30,000 96,000 68,000 On March 18, Jedi Knights sold 450 light sabers for $175 each. On March 31, Jedi Knights sold another 450 units at $180 each. Assume a perpetual inventory system. 2.) Using the FIFO costing method, what is the cost of ending inventory? $ 3.) Using the LIFO costing method, what is the cost of the ending inventory? $ 4.) Using the weighted average method, what is the cost of the ending inventory? $ Round average cost per unit to two decimals and final answer to the nearest dollar 5.) What will be the company's gross profit for March (under the FIFO method)? $
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tudent question Time to preview question: 00 : 09 : 34 What should we price Fragrance at if we want to have a 45.6% margin. Account for unit cost, period expenses and overhead. The production cost is in the report. Ignore inventory carrying costs and assume period expenses and overhead is 50% of production cost. What should the price point be? Info given for Fragrance: Category Sales $28,413 Variable Costs Direct Material $11,755 Direct Labor $7,763 Inventory Carry $76 Total Variable Costs (Labor, Material, Carry) $19,594 Category Contribution Margin $8,819 Period Costs Depreciation $1,193 SG&A $0 R&D $970 Promotions $1,245 Sales $1,795 Administration $225 Total Period Costs $5,428 Net Margin $3,391 Current Price $38 Current Contribution Margin 31% Total units produced this year 748 Material cost per unit: $16.12 Labor cost per unit: 10.38 PRICING OPTIONS: 26.50 46.38 72.80 39.75 52.21 Please include all calculations

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