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Question 9 This is a 2 part question. Make sure you answer both parts. Part 1: Use the following information to calculate inventory carrying cost percentage at the warehouse. Part 2: If there are any costs you did not use in your Part 1 calculation, explain why you did not use them. Direct variable manufactured cost of inventory $850,000 Variable cost of transportation from warehouse to retail store $35,000 Variable cost of labor to move product into warehouse $5,000 Fixed warehouse overhead cost Cost of money Taxes on inventory at warehouse $10,000 9% $4,000 Insurance on warehoused inventory $1,500 Inventory shrinkage at warehouse $8,000

Question 9 This is a 2 part question. Make sure you answer both parts. Part 1: Use the following information to calculate inventory carrying cost percentage at the warehouse. Part 2: If there are any costs you did not use in your Part 1 calculation, explain why you did not use them. Direct variable manufactured cost of inventory $850,000 Variable cost of transportation from warehouse to retail store $35,000 Variable cost of labor to move product into warehouse $5,000 Fixed warehouse overhead cost Cost of money Taxes on inventory at warehouse $10,000 9% $4,000 Insurance on warehoused inventory $1,500 Inventory shrinkage at warehouse $8,000

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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Question 9 This is a 2 part question. Make sure you answer both parts. Part 1: Use the following information to calculate inventory carrying cost percentage at the warehouse. Part 2: If there are any costs you did not use in your Part 1 calculation, explain why you did not use them. Direct variable manufactured cost of inventory $850,000 Variable cost of transportation from warehouse to retail store $35,000 Variable cost of labor to move product into warehouse $5,000 Fixed warehouse overhead cost Cost of money Taxes on inventory at warehouse $10,000 9% $4,000 Insurance on warehoused inventory $1,500 Inventory shrinkage at warehouse $8,000
Transcribed Image Text:Question 9 This is a 2 part question. Make sure you answer both parts. Part 1: Use the following information to calculate inventory carrying cost percentage at the warehouse. Part 2: If there are any costs you did not use in your Part 1 calculation, explain why you did not use them. Direct variable manufactured cost of inventory $850,000 Variable cost of transportation from warehouse to retail store $35,000 Variable cost of labor to move product into warehouse $5,000 Fixed warehouse overhead cost Cost of money Taxes on inventory at warehouse $10,000 9% $4,000 Insurance on warehoused inventory $1,500 Inventory shrinkage at warehouse $8,000
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